Skip to main content
S 5080 116th 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 2020

Introduced: December 21, 2020 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Dec 21, 2020
Read twice and referred to the Committee on Finance.
Dec 21, 2020
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Big Oil Bailout Prevention Trust Fund Act of 2020

This bill eliminates (1) the $1 billion per incident limitation on expenditures from the Oil Spill Liability Trust Fund for cleanup of oil spills, (2) the $500 million per incident limitation on expenditures from the trust fund for natural resource damage assessments and claims in connection with oil spills, and (3) the limitation on the borrowing authority of the trust fund.

The bill also directs 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 December 21, 2020

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 8
D
Blumenthal, Richard
Connecticut · Dec 21, 2020
 D
Booker, Cory A.
New Jersey · Dec 21, 2020
 D
Durbin, Richard J.
Illinois · Dec 21, 2020
 D
Gillibrand, Kirsten E.
New York · Dec 21, 2020
 D
Klobuchar, Amy
Minnesota · Dec 21, 2020
 D
Markey, Edward J.
Massachusetts · Dec 21, 2020
 D
Merkley, Jeff
Oregon · Dec 21, 2020
 D
Reed, Jack
Rhode Island · Dec 21, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5080: Big Oil Bailout Prevention Trust Fund Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-5080/
MLA
"S. 5080: Big Oil Bailout Prevention Trust Fund Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-5080/.
Bluebook (legal)
S. 5080, 116th Cong. (2026), https://openamerica.io/bill/116-S-5080/.
Markdown link
[S. 5080: Big Oil Bailout Prevention Trust Fund Act of 2020](https://openamerica.io/bill/116-S-5080/)
Report a problem