Audit the BP Fund Act of 2010

Bill: 111-hr-6016
Sponsor: Rep. Brady, Kevin [R-TX-8]
Introduced: 2010-07-30 in the House
Policy area: Government Operations and Politics
Subjects: Accidents
Accounting and auditing
Corporate finance and management
Foreign and international corporations
Government studies and investigations
Gulf of Mexico
Marine pollution
Oil and gas
Pollution liability

Summary:
action_date: 2010-07-30
text: 
Audit the BP Fund Act of 2010 - Directs the Comptroller General to conduct an ongoing independent investigation and audit of the fund created by BP to compensate persons affected by the Gulf oil spill to determine the effectiveness of fund operations, including the timeliness of claim payments and the accuracy of determining amounts of damages compensated. Authorizes the Comptroller General to use any investigative powers, including subpoena power, in conducting such investigation and audit.
 
Expresses the sense of Congress that: (1) BP should fully cooperate with the Comptroller General to assure that the fund is accurately, expediently, and efficiently compensating victims for their losses; and (2) the costs incurred by the Comptroller General to carry out responsibilities under this Act should be reimbursed by BP.

action_date: 2010-09-28
text: 
Audit the BP Fund Act of 2010 - Directs the Comptroller General to: (1) conduct an ongoing independent investigation and audit of the fund and claims process created by BP to compensate persons affected by the BP Deepwater Horizon oil spill in the Gulf of Mexico beginning on April 20, 2010, to determine the effectiveness of fund operations, including the timeliness of claim payments and the accuracy of determining amounts of damages compensated; and (2) report to Congress on the effectiveness of the operations until they are completed. Authorizes the Comptroller General to use any investigative powers, including subpoena power, in conducting such investigation and audit.
 
Expresses the sense of Congress that: (1) BP should fully cooperate with the Comptroller General to assure that the fund is accurately, expediently, and efficiently compensating victims for their losses; and (2) the costs incurred by the Comptroller General to carry out responsibilities under this Act should be reimbursed by BP.


Legislative actions:
action_date: 2010-09-29
text: Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
action_date: 2010-09-28
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2010-09-28
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7143)
action_date: 2010-09-28
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7143)
action_date: 2010-09-28
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 6016.
action_date: 2010-09-28
text: Considered under suspension of the rules. (consideration: CR H7143-7144)
action_date: 2010-09-28
text: Mr. McMahon moved to suspend the rules and pass the bill, as amended.
action_date: 2010-08-02
text: Referred to the Subcommittee on Water Resources and Environment.
action_date: 2010-08-02
text: Referred to the Subcommittee on Coast Guard and Maritime Transportation.
action_date: 2010-07-30
text: Referred to the House Committee on Transportation and Infrastructure.
action_date: 2010-07-30
text: Introduced in House
action_date: 2010-07-30
text: Introduced in House