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- S.3306
S.3306: Big Oil Bailout Prevention Trust Fund Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about environmental protection
- Introduced May 4, 2010
- Latest Major Action May 4, 2010
Bill Sponsor
Bill Cosponsors
19 (18 Democrats, 1 Independent Democrat)
Bill Summary
Big Oil Bailout Prevention Trust Fund Act of 2010 - 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 4, 2010 |
Introduced in the Senate by Robert Menendez (D-N.J.) |