Big Oil Bailout Prevention Trust Fund Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 25, 2013)
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.
What just happenedApr 25, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateApr 25, 2013
- Apr 25, 2013IntroReferral
Read twice and referred to the Committee on Finance.
- Apr 25, 2013IntroReferral10000
Introduced in Senate