S 3756 · 115th Congress 2017–2019, ended

Big Oil Bailout Prevention Trust Fund Act of 2018

Introduced Dec 13, 2018 Originated Senate Sponsor Robert Menendez D-NJ

Fact sheet

Latest action · Dec 13, 2018 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedDec 13, 2018
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Big Oil Bailout Prevention Trust Fund Act of 2018

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.

Cosponsors 15

Members who signed on, in the order they did. All signed on Dec 13, 2018.

Seat	Cosponsor		Signed on
D-MN	Amy Klobuchar	Original	Dec 13, 2018
D-NJ	Cory A. Booker	Original	Dec 13, 2018
D-CA	Dianne Feinstein	Original	Dec 13, 2018
D-MA	Edward J. Markey	Original	Dec 13, 2018
D-MI	Gary C. Peters	Original	Dec 13, 2018
D-RI	Jack Reed	Original	Dec 13, 2018
D-NH	Jeanne Shaheen	Original	Dec 13, 2018
D-OR	Jeff Merkley	Original	Dec 13, 2018
D-CA	Kamala D. Harris	Original	Dec 13, 2018
D-NY	Kirsten E. Gillibrand	Original	Dec 13, 2018
D-NH	Margaret Wood Hassan	Original	Dec 13, 2018
D-CT	Richard Blumenthal	Original	Dec 13, 2018
D-IL	Richard J. Durbin	Original	Dec 13, 2018
D-RI	Sheldon Whitehouse	Original	Dec 13, 2018
D-MN	Tina Smith	Original	Dec 13, 2018

Actions 2

Everything that happened, newest first.

Dec 13, 2018Introduced in Senate
Dec 13, 2018Read twice and referred to the Committee on Finance.

Subjects

Assigned by the Library of Congress. Policy area: Environmental Protection.

Text 1

Each version as it was printed, newest first.

Dec 13, 2018Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.