EPA’s final rule on updated ASTM standard likely to be withdrawn

The Environmental Protection Agency is expected to withdraw a direct final rule issued in Augustregarding an ASTM standard for Phase I Environmental Site. An overwhelming number of public comments said that while the new rule was more stringent and would incur greater costs, it was better and could create a more level playing field than the current standard. EPA decided that either standard could be used, but critics charged that would create a “two-tier due diligence market.”

(http://www.jdsupra.com/legalnews/epa-to-withdraw-all-appropriate-inquirie-81481/)