To amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 relating to settlements by certain qualified businesses, and for other purposes.

[AI summary unavailable — showing source text] Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to require the President to enter into settlements of liability for hazardous substance release response actions with qualified businesses (other than those whose liability arose from criminal acts) without regard to extent of liability. Sets forth application procedures for persons seeking such settlements. Provides that such settlements shall require the business to: (1) pay five percent of its average annual gross income for the two years preceding the year the settlement request was submitted over a period of up to ten years, with no interest if the amount is paid in full in five years; and (2) cooperate with the President in providing access and information. Defines a "qualified business" as an applicant whose gross income is less than $3 million per year for the average of the two years preceding the year that an investigation of liability share was initiated and for each of the two years preceding the year that the settlement request is submitted. Directs the President to consider any offer of settlement by a person who is potentially liable for remedial action costs without reg…