H.R. 5499

To amend the Oil Pollution Act of 1990 to authorize advances from Oil Spill Liability Trust Fund for the Deepwater Horizon oil spill.

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I

111th CONGRESS

2d Session

H. R. 5499

IN THE HOUSE OF REPRESENTATIVES

June 10, 2010

Mr. Mica (for himself, Mr. Young of Alaska, Mr. Petri, Mr. Coble, Mr. Duncan, Mr. Ehlers, Mrs. Capito, Mr. Westmoreland, Mrs. Miller of Michigan, Mr. Cao, Mr. Putnam, Mr. Graves, Mr. Shuster, and Mr. Fleming) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Oil Pollution Act of 1990 to authorize advances from Oil Spill Liability Trust Fund for the Deepwater Horizon oil spill.

1.

Advances from Oil Spill Liability Trust Fund for Deepwater Horizon oil spill

Section 6002(b) of the Oil Pollution Act of 1990 (33 U.S.C. 2752) is amended in the second sentence—

(1)

by inserting (1) after Coast Guard; and

(2)

by inserting before the period at the end the following: and (2) in the case of the discharge of oil that began in 2010 in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon, may, without further appropriation, obtain 1 or more advances from the Fund as needed, up to a maximum of $100,000,000 for each advance, with the total amount of all advances not to exceed the amounts available under section 9509(c)(2) of the Internal Revenue Code of 1986, and within 7 days of each advance, shall notify Congress of the amount advanced and the facts and circumstances necessitating the advance.

2.

Budgetary effects

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.