EPA's New Self-Audit Policy

Law360, New York (August 25, 2008, 12:00 AM EDT) -- On Aug. 1, 2008, the Environmental Protection Agency (EPA) announced a new policy designed to motivate owners to audit newly acquired facilities, and disclose and correct violations of environmental laws.

The policy would enhance EPA's current self-disclosure policy by offering new owners lower penalties for disclosed violations than would be offered to long-time owners.

EPA has labeled the policy as "interim" and is seeking comment on it.

New owners would obtain certain incentives by complying with the Audit Policy. Among other benefits, the incentives often amount...
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