New Bipartisan Bill Aims to Alleviate PFAS Cleanup Costs
![New Bipartisan Bill Aims to Alleviate PFAS Cleanup Costs](https://investorshangout.com/m/images/blog/ihnews-New%20Bipartisan%20Bill%20Aims%20to%20Alleviate%20PFAS%20Cleanup%20Costs.jpg)
New Bipartisan Bill Aims to Alleviate PFAS Cleanup Costs
The Water Environment Federation (WEF) has shown strong endorsement for the Water Systems PFAS Liability Protection Act, which has been reintroduced to help mitigate the financial pressures faced by water utilities. Leading the charge are bipartisan representatives, including Marie Gluesenkamp Perez and Celeste Maloy. Their effort focuses on shielding these utilities from excessive expenses linked to the cleanup of per- and polyfluoroalkyl substances (PFAS), ensuring that the manufacturers of these chemicals, rather than the public, are held accountable for mitigation costs.
The Necessity of This Bill
Ralph Exton, the Executive Director of WEF, noted, "Water utilities and their customers should not be forced to pay remediation costs for issues they did not create." His sentiment echoes the pressing need for legislative action in this area. The reintroduction of this act comes on the heels of the Environmental Protection Agency's (EPA) recent classification of PFOA and PFOS as hazardous substances, which places heightened responsibility on water utilities to cleanse their systems of these contaminants.
This designation from the EPA imposes significant operational costs on water utilities, which may soon face lawsuits from PFAS manufacturers attempting to shift the financial burden onto them. Such circumstances threaten to increase the operational expenses for these utilities, ultimately impacting the consumers they serve.
Impact on Water Utilities
Exton emphasizes the importance of the proposed legislation as a means to safeguard water and wastewater utilities, highlighting that they did not incur these challenges willingly. He argues that without robust congressional intervention, these entities could encounter severe financial and operational difficulties as they grapple with PFAS contamination cleanups. The intent of this bill is to clarify liability, making it clear that those who created the PFAS issue should bear the costs of cleanup.
While this legislation is necessary for protecting utilities that find themselves dealing with PFAS contamination, it is equally vital to implement source control strategies at both industrial and residential levels. The Minnesota Pollution Control Agency has reported that the cost to remove or destroy PFAS from municipal systems can be staggering, ranging from $2.7 million to $18 million depending on the facility size. In contrast, the market cost of PFAS can be as low as $50 to $1,000 per pound, illustrating a significant disparity in expense for remediation efforts.
Historical Context and Support
This act builds upon the previous introduction by Rep. John Curtis, who secured broad bipartisan support in the last Congress. Continuing on this trajectory, the bill stands as a critical measure to ensure fair accountability and protect water utilities across the nation from undue financial strain.
About WEF
The Water Environment Federation, founded in 1928, represents over 30,000 members and 75 affiliated associations worldwide. WEF aims to inspire professionals in water quality management, advance the cause of environmental well-being, and promote sustainable water solutions. The organization is dedicated to fostering a skilled workforce and engaging the community to face water challenges head-on, all while moving towards a circular economy in water management.
Contact Information
For further inquiries, please reach out to Heidi Bragg, Sr. Director of Communications & Public Outreach, at (703) 684-2465.
Frequently Asked Questions
What is the Water Systems PFAS Liability Protection Act?
This is a newly reintroduced bipartisan bill aimed at protecting water utilities from financial liabilities related to PFAS cleanup efforts.
Who are the key sponsors of the bill?
The act is spearheaded by Representatives Marie Gluesenkamp Perez and Celeste Maloy.
Why is this legislation necessary?
The legislation is essential to ensure that water utilities are not held financially accountable for PFAS contamination, a problem they did not create.
What are PFAS and why are they a concern?
PFAS, or per- and polyfluoroalkyl substances, are man-made chemicals used in various industrial applications, and they pose significant health and environmental risks.
How does the bill protect ratepayers?
By ensuring that PFAS manufacturers are held accountable for cleanup costs, the bill aims to prevent additional financial burdens on utility ratepayers.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.