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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Big Oil Bailout Prevention Trust Fund Act of 2010

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to require polluters to pay the full cost of oil spills, and for other purposes.


Actions Overview (1)

Date
05/04/2010Introduced in Senate

All Actions (1)

Date
05/04/2010Read twice and referred to the Committee on Finance.
Action By: Senate

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance05/04/2010 Referred to

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Latest Summary (1)

There is one summary for S.3306. View summaries

Shown Here:
Introduced in Senate (05/04/2010)

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.