Mandating refundable deposits on hazardous
The deposit-refund system was created by the beverage industry as a means of guaranteeing the return of their glass bottles to be washed, refilled and resold.
When a retailer buys beverages from a distributor, a deposit is paid to the distributor for each can or bottle purchased.
These words, which appeared in an official statement by the Swedish Government in 1975, ushered in the age of Extended Producer Responsibility (EPR).
While Germany's Ordinance on the Avoidance of Packaging Waste (Verpackungsverordung) introduced in 1991 is certainly the most well-known EPR mandate, two pieces of Swedish legislation and several other European laws and regulations predated the German Packaging Ordinance.
The final rule amends the FDIC's flood insurance regulation at Part 339 of Title 12 of the Code of Federal Regulations to incorporate and put into effect certain provisions in the Biggert-Waters Flood Insurance Reform Act of 2012 (BW Act) and the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA).
The force-placed flood insurance provisions became effective upon enactment of the BW Act on July 6, 2012.
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