To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

Bank accounts Collection of accounts Consent decrees Environmental Protection Finance and Financial Sector Hazardous wastes Income tax Law Liability for environmental damages Refuse and refuse disposal Tax exemption Taxation +9...