What does CERCLA stand for?

The correct answer is based on the full name of the law, which is the Comprehensive Environmental Response, Compensation, and Liability Act. This federal law, enacted in 1980, addresses the cleanup of sites contaminated with hazardous substances and pollutants. It provides a framework for governments to respond to environmental emergencies and ensures that those responsible for contamination are held liable for cleanup costs. This emphasis on both environmental response and liability underscores the law's comprehensive approach to dealing with hazardous waste and protecting public health.

The other choices include variations on the wording, but they do not accurately reflect the official title or the specific focus of the legislation. For example, the inclusion of terms like "Economic" or "Regulation" misrepresents the central themes of response and compensation in the title. Understanding the correct title of CERCLA is vital for anyone studying environmental law or real estate since it lays the groundwork for property transactions involving contaminated sites and the legal responsibilities of owners and real estate professionals.