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H.R. 5214 · 111th Congress

Big Oil Bailout Prevention Act of 2010

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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

RHD HoltSponsor
85 cosponsors · 84 D, 1 R
ABD Boyd BBD Braley LCD Capps ADD Davis PHD Hodes JID Inslee SKD Kosmas KMD Meek FPD Pallone BCD Chandler KCD Castor MHD Hinchey JHD Hall PHD Hare MHD Hirono JLD Langevin JSD Sarbanes GCD Connolly PDD DeFazio TDD Deutch JGD Garamendi AHD Hastings RKD Klein IRR Ros-Lehtinen BSD Sutton LWD Woolsey DWD Wasserman Schultz JYD Yarmuth EBD Blumenauer AED Eshoo JMD McGovern CPD Pingree JMD McDermott PTD Tonko DWD Wu CBD Brown SCD Cohen BFD Filner AGD Green BLD Lee MMD Michaud LSD Slaughter JDD Dingell SFD Farr CMD Maloney JND Nadler CVD Van Hollen MWD Waters JCD Conyers RDD DeLauro BFD Frank AGD Grayson BMD McCollum JSD Sestak JTD Tierney HBD Berman KED Ellison BED Ellsworth DMD Matsui END Norton GND Napolitano JSD Serrano PSD Stark SLD Levin DMD Maffei SRD Rothman ASD Sires JCD Courtney EPD Perlmutter JPD Polis GGD Giffords MHD Honda SID Israel HJD Johnson DKD Kildee EED Engel NTD Tsongas JAD Adler TBD Baldwin GPD Peters CSD Shea-Porter TWD Walz MAD Arcuri JMD McNerney JJD Jackson

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Big Oil Bailout Prevention Act of 2010 - Amends the Oil Pollution Act of 1990 to: (1) increase the liability of the party responsible for an offshore facility, except a deepwater port, from which oil is discharged into or upon navigable waters or adjoining shorelines to the total of all discharge removal costs plus $10 billion (currently, $75 million) for…

What it does: CRS summary · Introduced in House · May 5, 2010

Big Oil Bailout Prevention Act of 2010 - Amends the Oil Pollution Act of 1990 to: (1) increase the liability of the party responsible for an offshore facility, except a deepwater port, from which oil is discharged into or upon navigable waters or adjoining shorelines to the total of all discharge removal costs plus $10 billion (currently, $75 million) for each incident; and (2) 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.

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.

Makes this Act effective on April 15, 2010.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Big Oil Bailout Prevention Act of 2010

Latest action (May 6, 2010): Referred to the Subcommittee on Water Resources and Environment.

Policy area: Environmental Protection · Origin: House · Introduced: May 5, 2010

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.