S. 3306 · 111th Congress
Big Oil Bailout Prevention Trust Fund 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.
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MenendezSponsor18 cosponsors · 17 D, 1 I
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Cardin
FL
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Lautenberg
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Nelson
BS
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Sanders
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Schumer
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Whitehouse
SB
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Brown
KG
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Gillibrand
EK
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Kaufman
PM
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Murray
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Reed
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Feinstein
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Feingold
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Durbin
JM
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Merkley
BC
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Casey
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Leahy
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Mikulski6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in Senate · May 4, 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Big Oil Bailout Prevention Trust Fund Act of 2010
Latest action (May 4, 2010): Read twice and referred to the Committee on Finance.
Policy area: Environmental Protection · Origin: Senate · Introduced: May 4, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.