Omnibus Consolidated Appropriations Act, 1997/Division A/Title II/Subtitle E

{{SECTION|SEC. 2501.|SEC. 2501}}. SHORT TITLE.

 * This subtitle may be cited as the ``Asset Conservation, Lender Liability, and Deposit Insurance Protection Act of 1996´´.

{{SECTION|SEC. 2502.|SEC. 2502}}. CERCLA LENDER AND FIDUCIARY LIABILITY LIMITATIONS AMENDMENTS.

 * (a) IN GENERAL.—
 * Section 107 of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9607) is amended by adding at the end the following:


 * (b) DEFINITION OF OWNER OR OPERATOR.—
 * Section 101(20) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9601(20)) is amended by adding at the end the following:

{{SECTION|SEC. 2503.|SEC. 2503}}. CONFORMING AMENDMENT.

 * Section 9003(h) of the Solid Waste Disposal Act (42 U.S.C. 6991b(h)) is amended by striking paragraph (9) and inserting the following:

{{SECTION|SEC. 2504.|SEC. 2504}}. LENDER LIABILITY RULE.

 * (a) IN GENERAL.—
 * Effective on the date of enactment of this Act, the portion of the final rule issued by the Administrator of the Environmental Protection Agency on April 29, 1992 (57 Fed. Reg. 18,344), prescribing section 300.1105 of title 40, Code of Federal Regulations, shall be deemed to have been validly issued under authority of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9601 et seq.) and to have been effective according to the terms of the final rule. No additional judicial proceedings shall be necessary or may be held with respect to such portion of the final rule. Any reference in that portion of the final rule to section 300.1100 of title 40, Code of Federal Regulations, shall be deemed to be a reference to the amendments made by this subtitle.


 * (b) JUDICIAL REVIEW.—
 * Notwithstanding section 113(a) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9613(a)), no court shall have jurisdiction to review the portion of the final rule issued by the Administrator of the Environmental Protection Agency on April 29, 1992 (57 Fed. Reg. 18,344) that prescribed section 300.1105 of title 40, Code of Federal Regulations.


 * (c) AMENDMENT.—
 * No provision of this section shall be construed as limiting the authority of the President or a delegee of the President to amend the portion of the final rule issued by the Administrator of the Environmental Protection Agency on April 29, 1992 (57 Fed. Reg. 18,344), prescribing section 300.1105 of title 40, Code of Federal Regulations, consistent with the amendments made by this subtitle and other applicable law.


 * (d) JUDICIAL REVIEW.—
 * No provision of this section shall be construed as precluding judicial review of any amendment of section 300.1105 of title 40, Code of Federal Regulations, made after the date of enactment of this Act.

{{SECTION|SEC. 2505.|SEC. 2505}}. EFFECTIVE DATE.

 * The amendments made by this subtitle shall be applicable with respect to any claim that has not been finally adjudicated as of the date of enactment of this Act.