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United States · Bill · S

S. 1222 (109th)

Oil Spill Liability Trust Fund Maintenance Act

referredUnited States· United States Congress· EN

Introduced

9 June 2005

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Oil Spill Liability Trust Fund Maintenance Act - Amends the Internal Revenue Code to provide for the reinstatement of the Oil Spill Liability Trust Fund financing rate (5-cents per barrel of oil). Suspends such financing rate in any calendar quarter if the Secretary of the Treasury estimates that the unobligated balance in the Trust Fund exceeded $3 billion in the preceding calendar quarter.

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Documents

3 official files

Introduced in Senate (text)

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