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S 215 112th Congress Senate

Big Oil Bailout Prevention Trust Fund Act of 2011

Official title: A bill to amend the Internal Revenue Code of 1986 to require oil polluters to pay the full cost of oil spills, and for other purposes.

Introduced: May 2, 2011 See on congress.gov
Environmental Protection AccidentsAdministrative law and regulatory proceduresBudget processGovernment trust funds
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Marine and coastal resources, fisheriesMarine pollutionOil and gasPollution liabilityState and local financeWater quality
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Jan 27, 2011
Read twice and referred to the Committee on Finance.
Jan 27, 2011
Introduced in Senate
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 Latest action January 27, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Big Oil Bailout Prevention Trust Fund Act of 2011 - 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Murray, Patty
Washington · May 12, 2011
 D
Durbin, Richard J.
Illinois · May 2, 2011
 D
Whitehouse, Sheldon
Rhode Island · Apr 14, 2011
 D
Reed, Jack
Rhode Island · Feb 1, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 215: Big Oil Bailout Prevention Trust Fund Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-215/
MLA
"S. 215: Big Oil Bailout Prevention Trust Fund Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-215/.
Bluebook (legal)
S. 215, 112th Cong. (2026), https://openamerica.io/bill/112-S-215/.
Markdown link
[S. 215: Big Oil Bailout Prevention Trust Fund Act of 2011](https://openamerica.io/bill/112-S-215/)
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