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S 3306 111th Congress Senate Environmental Protection Accidents Administrative law and regulatory procedures Budget process 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 Trust Fund Act of 2010

Introduced: May 4, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 4, 2010
Read twice and referred to the Committee on Finance.
May 4, 2010
Introduced in Senate
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 Plain-English summary Congressional Research Service

Big Oil Bailout Prevention Trust Fund Act of 2010 - 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.

Amends the Oil Pollution Act of 1990 to 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.

What's happening now May 4, 2010

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5214 Related bill Big Oil Bailout Prevention Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 7 Independent 1
D
Durbin, Richard J.
Illinois · May 20, 2010
 D
Merkley, Jeff
Oregon · May 20, 2010
 D
Reed, Jack
Rhode Island · May 7, 2010
 D
Murray, Patty
Washington · May 6, 2010
 D
Gillibrand, Kirsten E.
New York · May 5, 2010
 I
Sanders, Bernard
Vermont · May 4, 2010
 D
Schumer, Charles E.
New York · May 4, 2010
 D
Whitehouse, Sheldon
Rhode Island · May 4, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3306: Big Oil Bailout Prevention Trust Fund Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-3306/
MLA
"S. 3306: Big Oil Bailout Prevention Trust Fund Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3306/.
Bluebook (legal)
S. 3306, 111th Cong. (2026), https://openamerica.io/bill/111-S-3306/.
Markdown link
[S. 3306: Big Oil Bailout Prevention Trust Fund Act of 2010](https://openamerica.io/bill/111-S-3306/)
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