S. 3756 · 115th Congress
Big Oil Bailout Prevention Trust Fund Act of 2018
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MenendezSponsor15 cosponsors · 15 D
D
Blumenthal
CB
D
Booker
RD
D
Durbin
DF
D
Feinstein
KG
D
Gillibrand
KH
D
Harris
MH
D
Hassan
AK
D
Klobuchar
EM
D
Markey
JM
D
Merkley
GP
D
Peters
JR
D
Reed
JS
D
Shaheen
TS
D
Smith
SW
D
Whitehouse15 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill 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, (2) the $500 million per incident limitation on expenditures from the trust fund for natural resource damage assessments and claims in connection with oil spills, and (3) the…
What it does: CRS summary · Introduced in Senate · Dec 13, 2018
Big Oil Bailout Prevention Trust Fund Act of 2018
This bill 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, (2) the $500 million per incident limitation on expenditures from the trust fund for natural resource damage assessments and claims in connection with oil spills, and (3) the limitation on the borrowing authority of the trust fund.
The bill also 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 2018
Latest action (Dec 13, 2018): Read twice and referred to the Committee on Finance.
Policy area: Environmental Protection · Origin: Senate · Introduced: Dec 13, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.