IV 

111TH CONGRESS 

2D SESSION H. RES. 1374 

Providing that all revenue derived from the excise tax on oil production 

should continue to pay for the cleanup of, and the damages incurred 

by all individuals, businesses, States, municipalities, and natural resources negatively impacted by, the current oil spill in the Gulf of 

Mexico and any future spills. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 19, 2010 

Mr. CASSIDY submitted the following resolution; which was referred to the 

Committee on Ways and Means, and in addition to the Committee on 

Transportation and Infrastructure, 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 

RESOLUTION 

Providing that all revenue derived from the excise tax on 

oil production should continue to pay for the cleanup 

of, and the damages incurred by all individuals, businesses, States, municipalities, and natural resources negatively impacted by, the current oil spill in the Gulf 

of Mexico and any future spills. 

Whereas the Oil Spill Liability Trust Fund is financed by an 

8-cents-per-barrel tax on oil produced domestically or imported; 

Whereas the purpose of the Oil Spill Liability Trust Fund is 

to pay uncompensated removal costs and damages resultVerDate Mar 15 2010 03:41 May 20, 2010 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6300 E:\BILLS\HR1374.IH HR1374

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•HRES 1374 IH 

ing from oil spills to the navigable waters of the United 

States; 

Whereas the White House stated on May 12, 2010, that 

‘‘The Oil Spill Liability Trust Fund ensures that there 

are sufficient resources available to pay for clean-up and 

damages associated with an oil spill’’; 

Whereas an article in the May 14, 2010, edition of Politico 

stated that— 

(1) Senate ‘‘tax writers demanded billions more from 

Big Oil to address future spills—and, well, oil the . . . 

budget machinery’’; and 

(2) ‘‘House tax writers are shooting [to raise] closer 

to $10 billion over the next decade to meet their budget 

targets’’; 

Whereas an article in the May 13, 2010, edition of Congressional Quarterly, entitled ‘‘Oil Companies Enter Cross 

Hairs as Lawmakers Seek Tax Break Offsets’’, reported 

that— 

(1) ‘‘tax writers are considering a plan to as much 

as quadruple the size of an industrywide excise tax on oil 

production as they try to finalize a package of tax cut 

and economic aid extensions’’; 

(2) ‘‘targeting oil companies for tax revenue in the 

aftermath of the Gulf Coast oil spill’’ would help ‘‘pay for 

the costs of the tax ‘extenders’ and spending bill’’; 

(3) one member of the Senate Committee on Finance ‘‘said that the 8-cents-per-barrel excise tax, which 

finances the Oil Spill Liability Trust Fund, could be 

raised to between 24 and 32 cents per barrel’’; and 

(4) the chairman of the Senate Committee on Finance ‘‘confirmed that an increase in the excise tax was 


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•HRES 1374 IH 

under consideration as part of the extenders bill’’: Now, 

therefore, be it 

1 Resolved, That it is the policy of the House of Rep2 resentatives that any revenue derived from the excise tax 

3 on oil production— 

4 (1) should continue to pay for the cleanup of, 

5 and the damages incurred by all individuals, busi6 nesses, States, municipalities, and natural resources 

7 negatively impacted by, the current oil spill in the 

8 Gulf of Mexico and any future spills; and 

9 (2) should not be used by Congress to fund un10 related policies and programs. 

Æ 


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