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United States · Bill · HR

H.R. 5214 (111th)

Big Oil Bailout Prevention Act of 2010

referredUnited States· United States Congress· EN

Introduced

5 May 2010

Last action

6 May 2010 · Referred

Status

Referred to the Subcommittee on Water Resources and Environment.

Sponsors

Rep. Holt, Rush [D-NJ-12], Rep. Pallone, Frank [D-NJ-6], Rep. Kosmas, Suzanne M. [D-FL-24], Rep. Boyd, Allen [D-FL-2], Rep. Meek, Kendrick B. [D-FL-17], Rep. Hodes, Paul W. [D-NH-2], Rep. Davis, Artur [D-AL-7], Rep. Inslee, Jay [D-WA-1], Rep. Capps, Lois [D-CA-24], Rep. Braley, Bruce L. [D-IA-1], Rep. Castor, Kathy [D-FL-14], Rep. Hinchey, Maurice D. [D-NY-22], Sen. Hirono, Mazie K. [D-HI], Rep. Hare, Phil [D-IL-17], Rep. Hall, John J. [D-NY-19], Rep. Sarbanes, John P. [D-MD-3], Rep. Langevin, James R. [D-RI-2], Rep. Chandler, Ben [D-KY-6], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Garamendi, John [D-CA-8], Rep. DeFazio, Peter A. [D-OR-4], Rep. Hastings, Alcee L. [D-FL-20], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Deutch, Theodore E. [D-FL-22], Rep. Klein, Ron [D-FL-22], Rep. Yarmuth, John A. [D-KY-3], Rep. Connolly, Gerald E. [D-VA-11], Rep. Sutton, Betty [D-OH-13], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Eshoo, Anna G. [D-CA-18], Rep. Pingree, Chellie [D-ME-1], Rep. McGovern, James P. [D-MA-2], Rep. Blumenauer, Earl [D-OR-3], Rep. Tonko, Paul [D-NY-20], Rep. McDermott, Jim [D-WA-7], Rep. Wu, David [D-OR-1], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Green, Al [D-TX-9], Rep. Michaud, Michael H. [D-ME-2], Rep. Brown, Corrine [D-FL-5], Rep. Cohen, Steve [D-TN-9], Rep. Lee, Barbara [D-CA-12], Rep. Filner, Bob [D-CA-51], Rep. Dingell, John D. [D-MI-12], Rep. Waters, Maxine [D-CA-43], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Nadler, Jerrold [D-NY-12], Sen. Van Hollen, Chris [D-MD]

Subjects

Environment

Source updated

14 August 2025

Environment

Official sourceDownload fileView documentsShare

Summary

Big Oil Bailout Prevention Act of 2010 - Amends the Oil Pollution Act of 1990 to: (1) increase the liability of the party responsible for an offshore facility, except a deepwater port, from which oil is discharged into or upon navigable waters or adjoining shorelines to the total of all discharge removal costs plus $10 billion (currently, $75 million) for each incident; and (2) 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. 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. Makes this Act effective on April 15, 2010.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 May 2010

    Introduced

    Referred to the House Committee on Transportation and Infrastructure.

    Source: IntroReferral

  2. 5 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 May 2010

    Referred

    Referred to the Subcommittee on Coast Guard and Maritime Transportation.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 5 May 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 5 May 2010

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  • Introduced in House

    summary · EN · 5 May 2010

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Sponsors

Showing 48 of 87 sponsors and actors.

Related records

Sources

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