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- S.1222
S.1222: Oil Spill Liability Trust Fund Maintenance Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced June 9, 2005
- Latest Major Action June 9, 2005
Bill Sponsor
Bill Summary
Oil Spill Liability Trust Fund Maintenance Act - Amends the Internal Revenue Code to provide for the reinstatement of the Oil Spill Liability Trust Fund financing rate (5-cents per barrel of oil). Suspends such financing rate in any calendar quarter if the Secretary of the Treasury estimates that the unobligated balance in the Trust Fund exceeded $3 billion in the preceding calendar quarter.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| June 9, 2005 |
Introduced in the Senate by Ted F. Stevens (R-Alaska) |