S. 3472

Big Oil Bailout Prevention Unlimited Liability Act of 2010

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II

111th CONGRESS

2d Session

S. 3472

IN THE SENATE OF THE UNITED STATES

June 9, 2010

Mr. Menendez (for himself, Mr. Nelson of Florida, Mr. Lautenberg, Mr. Schumer, Mr. Whitehouse, Mr. Sanders, Mr. Brown of Ohio, Mrs. Gillibrand, Mr. Kaufman, Mrs. Murray, Mr. Reed, Mrs. Feinstein, Mr. Feingold, Mr. Durbin, Mr. Merkley, Mr. Casey, Mr. Leahy, Ms. Mikulski, Mr. Franken, Mr. Harkin, Ms. Klobuchar, Mrs. Shaheen, and Ms. Stabenow) introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works

A BILL

To amend the Oil Pollution Act of 1990 to require oil polluters to pay the full cost of oil spills, and for other purposes.

1.

Short title

This Act may be cited as the Big Oil Bailout Prevention Unlimited Liability Act of 2010.

2.

Removal of limits on liability for offshore facilities

(a)

In general

Section 1004(a)(3) of the Oil Pollution Act of 1990 (33 U.S.C. 2704(a)(3)) is amended by striking plus $75,000,000 and inserting and the liability of the responsible party under section 1002.

(b)

Effective date

The amendment made by this section takes effect on April 15, 2010.