Big Oil Bailout Prevention Unlimited Liability Act of 2020

Bill: 116-s-5081
Sponsor: full_name: Sen. Menendez, Robert [D-NJ]
Introduced: 2020-12-21
Policy area: Environmental Protection
Latest action: action_date: 2020-12-21
text: Read twice and referred to the Committee on Environment and Public Works.

Summaries:
action_date: 2020-12-21
action_desc: Introduced in Senate
text: <p><b>Big Oil Bailout Prevention Unlimited Liability Act of 2020</b></p> <p>This bill revises requirements governing the liability of parties that are responsible for oil discharges from offshore facilities into navigable waters or adjoining shorelines. Under current law, responsible parties are liable for the total of all removal costs plus $75 million. The bill removes the cap of $75 million on liability and makes the responsible parties liable for all covered damages. Covered damages includes damages for (1) loss of natural resources, property, revenue, or profits; or (2) costs of providing increased public services during or after removal activities, such as fire protection. </p>

tv_txt: II 116th CONGRESS 2d Session S. 5081 IN THE SENATE OF THE UNITED STATES December 21, 2020 Mr. Menendez (for himself, Mr. Booker , Mr. Blumenthal , Mr. Reed , Mr. Markey , Ms. Klobuchar , Mrs. Feinstein , Mr. Merkley , Mr. Durbin , and Mrs. Gillibrand ) 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 2020 . 2. Removal of limits on liability for offshore facilities 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 .