Proposal:Big Oil Bailout Prevention Unlimited Liability Act of 2020

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 5081
Type of Legislation	Senate Bill
Congress	116
Status	Archived — 116th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Big Oil Bailout Prevention Unlimited Liability Act of 2020

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-12-21: Read twice and referred to the Committee on Environment and Public Works.
• 2020-12-21: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.