On October 6, 2014, the Environmental Protection Agency ("EPA") adopted a final rule which will eventually eliminate one of the two recognized ASTM International standards to conduct environmental site assessments, which were designed to comply with EPA's "All Appropriate Inquires Rule" ("AAI"). Complying with the AAI rule is required to claim protection from CERCLA (Superfund) liability as a bona fide prospective purchaser, contiguous property owner, or innocent landowner. Effective October 6, 2015, ASTM International's Standard E1527-05 will not be recognized as ...
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