Iowa HF413 establishes strict liability for owners of liquefied carbon dioxide pipelines or facilities for damages from carbon dioxide releases.

Iowa HF413 addresses damages from carbon dioxide releases from pipelines or facilities. It defines "victim" as anyone within a 25-mile radius of a release. Victims can sue for damages, with claims filed within one year of the incident. The owner is strictly liable for all compensatory and punitive damages. Judgment liens for these damages take priority over other liens. If an owner's assets are in bankruptcy or receivership, they must be held in trust for victims for one year. The bill takes effect upon enactment.

Iowa HF413 establishes strict liability for owners of liquefied carbon dioxide pipelines or facilities for damages from carbon dioxide releases.

Iowa HF413 addresses damages from carbon dioxide releases from pipelines or facilities. It defines "victim" as anyone within a 25-mile radius of a release. Victims can sue for damages, with claims filed within one year of the incident. The owner is strictly liable for all compensatory and punitive damages. Judgment liens for these damages take priority over other liens. If an owner's assets are in bankruptcy or receivership, they must be held in trust for victims for one year. The bill takes effect upon enactment.