US Congress Senate Bill 3756 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on December 13 2018 - 25% progression, died in committee
Action: 2018-12-13 - 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 2018 This bill 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, (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 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 2018

Sen. Robert Menendez [D-NJ]	Sen. Edward Markey [D-MA]	Sen. Jack Reed [D-RI]	Sen. Cory Booker [D-NJ]
Sen. Richard Blumenthal [D-CT]	Sen. Sheldon Whitehouse [D-RI]	Sen. Gary Peters [D-MI]	Sen. Amy Klobuchar [D-MN]
Sen. Jeff Merkley [D-OR]	Sen. Jeanne Shaheen [D-NH]	Sen. Richard Durbin [D-IL]	Sen. Kirsten Gillibrand [D-NY]
Sen. Kamala Harris [D-CA]	Sen. Dianne Feinstein [D-CA]	Sen. Tina Smith [D-MN]	Sen. Margaret Hassan [D-NH]

Date	Chamber	Action
2018-12-13	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/3756/all-info
Text	https://www.congress.gov/115/bills/s3756/BILLS-115s3756is.pdf