Guidance: BFPPs and the New Amendments to CERCLA
Memorandum discusses the 2002 Brownfields Amendments and the limitations on liability under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, commonly referred to as Superfund) for persons who qualify as bona fide prospective purchasers (BFPPs). Issued 5/31/2002.
On August 10, 2022, EPA and DOJ issued a new "Model Administrative Settlement Agreement for Removal Action by Prospective Purchaser." The current model is available for download in Word format from the prospective purchaser agreement category of the Cleanup Enforcement Model Documents Database.