EPA took final action to amend the Standards and Practices for All Appropriate Inquiries ("AAI Rule"), which is widely used in real property due diligence investigations.
The U.S. Environmental Protection Agency (“U.S. EPA”) has revised the standards by which real property purchasers, lessees and environmental professionals should conduct a Phase I.
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On December 15, 2022, the United States Environmental Protection Agency (EPA) amended its All Appropriate Inquiries Rule, publishing a final rule that incorporates an updated Phase I.
U.S. Environmental Protection Agency issued Final Rule recognizing ASTM International Standard E1527-21 for Phase I Environmental Site Assessments effective February 13, 2023. EPA express endorsement of the standard is essential to ensuring it fulfills fundamental purpose