S.3305 - Big Oil Bailout Prevention Unlimited Liability Act of 2010111th Congress (2009-2010)
|Sponsor:||Sen. Menendez, Robert [D-NJ] (Introduced 05/04/2010)|
|Committees:||Senate - Environment and Public Works|
|Committee Reports:||S. Rept. 111-249|
|Latest Action:||08/05/2010 Placed on Senate Legislative Calendar under General Orders. Calendar No. 518. (All Actions)|
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Summary: S.3305 — 111th Congress (2009-2010)All Information (Except Text)
Reported to Senate with amendment(s) (08/05/2010)
Big Oil Bailout Prevention Unlimited Liability Act of 2010 - Amends the Oil Pollution Act of 1990 to remove the $75 million limit on the liability of the party responsible for an offshore facility from which oil is discharged into or upon navigable waters or adjoining shorelines.
Makes this Act effective on April 15, 2010.
Authorizes a claimant to commence an action in court against the responsible party or guarantor or to present the claim to the Oil Spill Liability Trust Fund if the claim is not settled in whole by payment within 30 (currently 90) days of the claim being presented.
Amends the Federal Water Pollution Control Act (commonly known as the Clean Water Act) to require the President to ensure that tank vessel, nontank vessel, and facility response plans under the National Response System are designed to prevent injury to the economy, jobs, and the environment.
Requires the President to promulgate regulations that revise the requirements that govern oil spill response plans, including requiring such plans to: (1) ensure the availability of private personnel and equipment in the quantities necessary and in the appropriate region to respond immediately to and sustain the response effort for as long as necessary to remove a worst-case discharge and to mitigate damage from a discharge; (2) demonstrate the financial capability to pay for removal costs and damages; (3) describe the environmental effects of the plan methodologies and equipment; (4) describe the process for communication and coordination with federal, state, and local agencies before, during, and after a response to a discharge; (5) identify performance standards for the quantity of oil or hazardous substance that will be removed under the response plan; (6) in the case of oil production, drilling, and workover facilities, describe the specific measures to be used in response to a blowout or other event involving loss of well control; and (7) identify potential economic and ecological impacts of a worst-case discharge and response activities to prevent or mitigate those impacts in the event of a discharge.
Allows the President to approve a plan only if: (1) it meets the plan response requirements; (2) field tests of the plan have been conducted in the area in which the tank vessel, nontank vessel, or facility is proposed to operate; (3) the methods and equipment proposed to be used under the response plan are demonstrated to be technologically feasible in the area and under the conditions (including the depth of a well, in the case of an offshore facility) in which the vessel or facility is proposed to operate; (4) the available scientific information about the area allows for identification of potential impacts to ecological areas and protection of those areas in the event of a discharge, including adequate surveys of wildlife; and (5) it describes the quantity of oil likely to be removed in the event of a worst-case discharge.
Requires the President to require notice of the proposed response plan to be published in the Federal Register and provide for a public comment period for the plan of at least 30 days.
Includes within the definition of "worst case discharge" the largest foreseeable discharge from an unanticipated and uncontrolled blowout or other loss of well control.
Requires the Administrator of the fund established by British Petroleum Company to pay claims resulting from the blowout and explosion of the mobile offshore drilling unit Deepwater Horizon that occurred April 20, 2010, to report to Congress on the status of such fund and claims that have been paid from the fund.