Bill113th Congress

S. 827

Big Oil Bailout Prevention Trust Fund Act of 2013

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Introduced
Apr 25, 2013
Origin Chamber
Senate
Policy Area
Environmental Protection
Latest Action
Apr 25, 2013
Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Sen. Menendez, Robert [D-NJ]

Democrat·NJ
Bioguide ID: M000639
First Name: Robert
Last Name: Menendez
By Request: N
5
Cosponsors
1
Committees
2
Actions
0
Amendments
0
Related Bills
10
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Nov 15, 2022
Origin Chamber
Senate
Bill Type
S
Bill Number
827
Congress
113
Introduced Date
Apr 25, 2013
Policy Area
Environmental Protection
Is Law
No
Apr 25, 2013IntroReferral

Read twice and referred to the Committee on Finance.

Source: Senate

Apr 25, 2013IntroReferral10000

Introduced in Senate

Source: Library of Congress

Introduced in Senate· Apr 25, 20130

Big Oil Bailout Prevention Trust Fund Act of 2013 - 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) the limitation 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.

Finance Committee

Senate· Standing
AccidentsAdministrative law and regulatory proceduresBudget processGovernment trust fundsMarine and coastal resources, fisheriesMarine pollutionOil and gasPollution liabilityState and local financeWater quality

Introduced in Senate

Apr 25, 2013

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Big Oil Bailout Prevention Trust Fund Act of 2013 — Informed