Sec. 4. Clarification of leaseholder interest
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Section 101(40) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 ( 42 U.S.C. 9601(40) ) is amended— in the matter preceding subparagraph (A), by striking (or a tenant of a person) that acquires ownership of and inserting who acquires ownership of, or a leasehold interest in, ; in subparagraph (A), by inserting or the leasehold interest in the facility before the period at the end; in subparagraph (B)— in clause (ii), by inserting with respect to a person who acquires ownership of a facility.
The Administrator shall establish standards and practices with respect to a person who acquires a leasehold interest in a facility before the period at the end; and in clause (iii), by inserting , or acquisition of a leasehold interest, after time of purchase ; in subparagraph (H)(i)(II), by inserting , by the instruments by which the leasehold interest in the facility is acquired after January 11, 2002, after financed ; and by adding at the end the following: In the case of a person holding a leasehold interest in a facility— the leasehold interest in the facility— is for a term of not less than 5 years; and grants the person control of, and access to, the facility; and the person is responsible for the management of all hazardous substances at the facility. .
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Sec. 4
Clarification of leaseholder interest
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