I 
114TH CONGRESS 
2D SESSION 
H. R. 6413 
To amend the Internal Revenue Code of 1986 to require oil polluters to 
pay the full cost of oil spills, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 30, 2016 
Mr. PALLONE introduced the following bill; which was referred to the Com-
mittee on Transportation and Infrastructure, and in addition to the Com-
mittees on the Budget, and Ways and Means, for a period to be subse-
quently 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 Internal Revenue Code of 1986 to require 
oil polluters to pay the full cost of oil spills, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Big Oil Bailout Pre-
vention Trust Fund Act of 2016’’. 
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SEC. 2. OIL SPILL LIABILITY TRUST FUND. 
(a) LIMITATIONS ON EXPENDITURES AND AUTHOR-
ITY TO BORROW.—Section 9509 of the Internal Revenue 
Code of 1986 is amended— 
(1) in subsection (c)— 
(A) by striking paragraph (2), 
(B) by striking ‘‘EXPENDITURES’’ and all 
that follows through ‘‘Amounts in’’ and insert-
ing ‘‘EXPENDITURES.—Amounts in’’, and 
(C) by redesignating subparagraphs (A) 
through (F) as paragraphs (1) through (6), re-
spectively, and moving such paragraphs (as so 
redesignated) 2 ems to the left, 
(2) in subsection (d)— 
(A) by striking paragraph (2), 
(B) by redesignating paragraph (3) as 
paragraph (2), and 
(C) in paragraph (2) (as so redesig-
nated)— 
(i) by striking subparagraph (B), and 
(ii) by redesignating subparagraph 
(C) as subparagraph (B), and 
(3) in subsection (e)— 
(A) by striking ‘‘(or is unable by reason of 
subsection (c)(2))’’, and 
(B) by striking ‘‘and such subsection’’. 
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SEC. 3. ADVANCE PAYMENTS. 
Section 1012 of the Oil Pollution Act of 1990 (33 
U.S.C. 2712) is amended by adding at the end the fol-
lowing: 
‘‘(m) ADVANCE PAYMENTS.—The President shall 
promulgate regulations that allow advance payments to be 
made from the Fund to States and political subdivisions 
of States for actions taken to prepare for and mitigate 
substantial threats from the discharge of oil.’’. 
SEC. 4. 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 Committee on the Budget of the 
House of Representatives, provided that such statement 
has been submitted before the vote on passage. 
Æ 
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