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United States · Bill · S

S. 3306 (111th)

Big Oil Bailout Prevention Trust Fund Act of 2010

referredUnited States· United States Congress· EN

Introduced

4 May 2010

Last action

4 May 2010 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Menendez, Robert [D-NJ], Sen. Nelson, Bill [D-FL], Sen. Lautenberg, Frank R. [D-NJ], Sen. Cardin, Benjamin L. [D-MD], Sen. Schumer, Charles E. [D-NY], Sen. Whitehouse, Sheldon [D-RI], Sen. Sanders, Bernard [I-VT], Sen. Brown, Sherrod [D-OH], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Kaufman, Edward E. [D-DE], Sen. Murray, Patty [D-WA], Sen. Reed, Jack [D-RI], Sen. Feinstein, Dianne [D-CA], Sen. Feingold, Russell D. [D-WI], Sen. Durbin, Richard J. [D-IL], Sen. Merkley, Jeff [D-OR], Sen. Casey, Robert P., Jr. [D-PA], Sen. Leahy, Patrick J. [D-VT], Sen. Mikulski, Barbara A. [D-MD]

Subjects

Environment

Source updated

14 August 2025

Environment

Summary

Big Oil Bailout Prevention Trust Fund Act of 2010 - 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. 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.

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

Timeline

  1. 4 May 2010

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 4 May 2010

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 4 May 2010

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 4 May 2010

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 4 May 2010

    Open at official source

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Sponsors

Related records

Sources

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