Superfund Liability Clarification Act

[AI summary unavailable — showing source text] Superfund Liability Clarification Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to exclude from liability as an "owner or operator" of a vessel or facility any mortgage lender, insured depository institution, or Federal lending institution (lender) that acquires such vessel or facility through foreclosure or that conducts a restructuring of a loan or other extension of credit with the owner of the vessel or facility, provided such lender complies with specified procedures or guidelines. Specifies that "participation in the management of a vessel or facility" (by the lender) for purposes of such Act (in which case such exemption would not apply) does not include: (1) the sale of collateral; (2) actions taken by a lender to comply with such procedures or guidelines, including the conduct of a Phase I Environmental Audit of the vessel or facility; (3) actions taken by a lender to responsibly manage the vessel or facility upon learning of any contamination so as not to cause a release of a hazardous substance from or at the vessel or facility, or to harm the public health and safety or the environment, during any period while the lender …