S 1222
109th Congress
Senate
Taxation
Economics and Public Finance
Energy
Environmental Protection
Excise tax
Government trust funds
Law
Liability for environmental damages
Oil pollution
Petroleum
Tax rates
Oil Spill Liability Trust Fund Maintenance Act
Introduced: June 9, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2005
Read twice and referred to the Committee on Finance.
Jun 9, 2005
Sponsor introductory remarks on measure. (CR S6332-6333)
Jun 9, 2005
Introduced in Senate
Plain-English summary
Oil Spill Liability Trust Fund Maintenance Act - Amends the Internal Revenue Code to provide for the reinstatement of the Oil Spill Liability Trust Fund financing rate (5-cents per barrel of oil). Suspends such financing rate in any calendar quarter if the Secretary of the Treasury estimates that the unobligated balance in the Trust Fund exceeded $3 billion in the preceding calendar quarter.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1