There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/25/2003)

Stop Oil Spills Act of 2003 - SOS Act of 2003 - Amends existing law to accelerate from the year 2015 to the year 2007 the deadline for compliance with the double hull requirement for construction of tank carriage vessels that carry oil in bulk as cargo. Prohibits operation of any oil tank carriage vessel with a single hull, double bottom, or double sides after January 1, 2007.

Amends the Internal Revenue Code of 1986 to restore the Oil Spill Liability Trust Fund financing rate (tax) on single hull oil tankers.

Prohibits single hull tankers from transporting oil on navigable waters within 100 miles of a U.S. coastline, unless they: (1) are traveling in the first or last 100 miles of a voyage from or to a port; and (2) while departing from or arriving at such port, respectively, are accompanied by oil response vessels.