Compliance Incentives
EPA promotes compliance by providing compliance incentives -- policies and programs that reduce or waive penalties under certain conditions for business, industry, and government facilities that voluntarily discover, promptly disclose, and expeditiously correct environmental problems.
This page contains information about:
- EPA's Audit Policy
- Exploring Incentives for New Owners
- Compliance Auditing Protocols
- Compliance Incentives Programs
- Market-Based Incentives
EPA's Audit Policy -- Provides incentives for the regulated community to come into compliance with federal environmental laws and regulations through self-assessment, disclosure, and correction of violations.
Exploring Incentives for New Owners -- EPA is seeking comments by July 13, 2007, on how best to encourage new owners to use the Audit Policy. A Federal Register Notice issued on May 14, 2007 asks whether and to what extent the Agency should consider offering tailored incentives to encourage new owners of recently acquired facilities to discover, disclose, correct, and prevent the recurrence of environmental violations.
Compliance Auditing Protocols -- Tools for the regulated community and others to develop programs for facilities to evaluate compliance with federal environmental laws.
Compliance Incentives Programs -- In connection with the Audit Policy, EPA has established programs to promote environmental compliance and correction of violations by offering incentives to the regulated community in exchange for agreements to self-assess, disclose, correct and prevent future violations. Incentives may include:
- Reduced penalties for violations
- Extended time to correct violations
- Other considerations
Market-Based Incentives -- Information about EPA's collaboration with the Securities and Exchange Commission (SEC) to encourage disclosure of environmental information in accordance with the mandatory corporate disclosure requirements promulgated by the SEC.
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