HR 5214 111th Congress House Environmental Protection Accidents Administrative law and regulatory procedures Government trust funds Marine and coastal resources, fisheries Marine pollution Oil and gas Pollution liability State and local finance Water quality

Big Oil Bailout Prevention Act of 2010

Introduced: May 5, 2010 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 6, 2010

Referred to the Subcommittee on Water Resources and Environment.

May 6, 2010

Referred to the Subcommittee on Coast Guard and Maritime Transportation.

May 5, 2010

Referred to the House Committee on Transportation and Infrastructure.

May 5, 2010

Introduced in House

Plain-English summary Congressional Research Service

Big Oil Bailout Prevention Act of 2010 - Amends the Oil Pollution Act of 1990 to: (1) increase the liability of the party responsible for an offshore facility, except a deepwater port, from which oil is discharged into or upon navigable waters or adjoining shorelines to the total of all discharge removal costs plus $10 billion (currently, $75 million) for each incident; and (2) direct the President to promulgate regulations to allow advance payments from the Oil Spill Liability Trust Fund to states and localities to prepare for and mitigate substantial threats from the discharge of oil.

Amends the Internal Revenue Code to eliminate: (1) the $1 billion per incident limitation on expenditures from the Oil Spill Liability Trust Fund for cleanup of oil spills: and (2) restrictions on the borrowing authority of such Trust Fund.

Makes this Act effective on April 15, 2010.

What's happening now May 6, 2010

Referred to the Subcommittee on Water Resources and Environment.

Committees of jurisdiction 3