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- S.215
S.215: Big Oil Bailout Prevention Trust Fund Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about environmental protection
- Introduced Jan. 27, 2011
- Latest Major Action Jan. 27, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Jan. 27, 2011 |
Introduced in the Senate by Robert Menendez (D-N.J.) |