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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
This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 June 9, 2005

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1222: Oil Spill Liability Trust Fund Maintenance Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-1222/
MLA
"S. 1222: Oil Spill Liability Trust Fund Maintenance Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-1222/.
Bluebook (legal)
S. 1222, 109th Cong. (2026), https://openamerica.io/bill/109-S-1222/.
Markdown link
[S. 1222: Oil Spill Liability Trust Fund Maintenance Act](https://openamerica.io/bill/109-S-1222/)
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