The U.S. Senate unanimously passed the Brownfields Revitalization and Environmental Restoration Act of 2001. The American Insurance Association (AIA) called the bill good for cities, people, business and the environment since it promotes the cleanup of contaminated abandoned industrial sites located primarily in urban areas. The bill will authorize $250 million in grants for site assessment and cleanup to return these sites to useful purposes. Although not yet introduced in the House of Representatives, it is expected that a companion or similar bill will soon be considered by that body.
Was this article valuable?
Here are more articles you may enjoy.
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says From This Issue
