Senate Bill 5081
116th Congress(2019-2020)
Big Oil Bailout Prevention Unlimited Liability Act of 2020
Introduced
Introduced in Senate on Dec 21, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5081
Congress
116
Policy Area
Environmental Protection
Environmental Protection
Primary focus of measure is regulation of pollution including from hazardous substances and radioactive releases; climate change and greenhouse gases; environmental assessment and research; solid waste and recycling; ecology. Measures concerning energy exploration, efficiency, and conservation may fall under Energy policy area.
No Senate votes have been held for this bill.
Summary
Big Oil Bailout Prevention Unlimited Liability Act of 2020
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.
December 21, 2020
12/21/2020
Read twice and referred to the Committee on Environment and Public Works.
12/21/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:43:45 PM