S. 5081
Referred to CommitteeBig Oil Bailout Prevention Unlimited Liability Act of 2020
Latest Action
Read twice and referred to the Committee on Environment and Public Works.
12/21/2020 • Senate
Summary
Big Oil Bailout Prevention Unlimited Liability Act of 2020
This bill revises requirements governing the liability of parties that are responsible for oil discharges from offshore facilities into navigable waters or adjoining shorelines. Under current law, responsible parties are liable for the total of all removal costs plus $75 million. The bill removes the cap of $75 million on liability and makes the responsible parties liable for all covered damages. Covered damages includes damages for (1) loss of natural resources, property, revenue, or profits; or (2) costs of providing increased public services during or after removal activities, such as fire protection.
Introduced in Senate • 12/21/2020
Topics & Subjects
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (10)
Party Breakdown
Sponsor
Cosponsors (9)
Bill Journey
Originated in the Senate
Introduced
December 21, 2020
Read twice and referred to the Committee on Environment and Public Works.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law