H.R. 6413 (114th)

Big Oil Bailout Prevention Trust Fund Act of 2016

referredUnited States· United States Congress· EN

Introduced

30 November 2016

Last action

30 November 2016 · Introduced

Status

Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Summary

Big Oil Bailout Prevention Trust Fund Act of 2016 This bill 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, (2) the $500 million per incident limitation on expenditures from the trust fund for natural resource damage assessments and claims in connection with oil spills, and (3) the limitation on the borrowing authority of the trust fund. The bill also 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.

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Timeline

30 November 2016
Introduced
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
30 November 2016
Introduced
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
30 November 2016
Introduced
Introduced in House
Source: IntroReferral
30 November 2016
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 30 November 2016 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 30 November 2016
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Introduced in House (PDF)
Introduced in House · EN · 30 November 2016
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Introduced in House
summary · EN · 30 November 2016
Open at official source
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Related records

related to → Big Oil Bailout Prevention Trust Fund Act of 2016

Sources

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Official source: https://www.congress.gov/bill/114th-congress/house-bill/6413
Open data entity: https://api.congress.gov/v3/bill/114/hr/6413
us · 114-hr-6413 · source updated 6 December 2025