S 5080
Big Oil Bailout Prevention Trust Fund Act of 2020
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Big Oil Bailout Prevention Trust Fund Act of 2020, aims to ensure that oil companies fully cover the costs of oil spills. It removes existing limits on how much money can be drawn from the Oil Spill Liability Trust Fund for cleanup and damage assessments, and allows the fund to make advance payments to states and local governments to help them prepare for and mitigate potential oil spill threats. The bill seeks to eliminate what are considered ‘bailouts’ for oil companies following environmental disasters.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Dianne Feinstein
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.