S 215
112th 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 2011
Introduced: January 27, 2011
See on congress.gov
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1