United States · Bill · S
S. 3306 (111th)
Big Oil Bailout Prevention Trust Fund Act of 2010
Introduced
4 May 2010
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
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.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 4 May 2010
Introduced in Senate (PDF)
Introduced in Senate · EN · 4 May 2010
Introduced in Senate
summary · EN · 4 May 2010
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/3306
- Open data entity: https://api.congress.gov/v3/bill/111/s/3306