Economic Effects of the Comprehensive Environmental Response, Compensation, and Liability Act in Urban America
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During the course of my internship at Lewis Reed & Allen P.C. in the summer of 2011, I became intrigued by the complex relationship between our economy in the United States (particularly in urban settings) and a piece of environmental legislation known as the Comprehensive Environmental Response, Compensation, and Liability Act also known as CERCLA or Superfund This act deals with paying for or recovering the cost incurred by the government for cleaning up contaminated properties across the country. This act was passed in a time of economic growth; however, unfortunately we are currently not in such a time. This paper will explore how this act is holding back economic development in many urban settings in the United States. I believe that it is time to review and rewrite this act in order to promote industrial growth and spur our . economy.