US Congress Senate Bill 215 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 8)
Status: Introduced on January 27 2011 - 25% progression, died in committee
Action: 2011-01-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Big Oil Bailout Prevention Trust Fund Act of 2011

Sen. Robert Menendez [D-NJ]	Sen. Richard Durbin [D-IL]	Sen. Dianne Feinstein [D-CA]	Sen. Frank Lautenberg [D-NJ]
Sen. Patty Murray [D-WA]	Sen. Bill Nelson [D-FL]	Sen. Jack Reed [D-RI]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2011-01-27	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/215/all-info
Text	https://www.congress.gov/112/bills/s215/BILLS-112s215is.pdf