3.0.0 3514 2023-01-11T13:19:46Z 2023-01-11T13:19:46Z Senate S S 2010-06-21 111 ssev00 Environment and Public Works Committee Senate Standing Referred to 2010-06-21T20:35:02Z 2010-06-21 ssev00 Environment and Public Works Committee Senate Read twice and referred to the Committee on Environment and Public Works. IntroReferral 2010-06-21 Sponsor introductory remarks on measure. (CR S5204) IntroReferral B00100 9 Library of Congress 2010-06-21 Introduced in Senate IntroReferral 10000 9 Library of Congress B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2010-06-21 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2010-06-21 True Energy Accidents Congressional oversight Government trust funds Marine and coastal resources, fisheries Marine pollution Oil and gas Pollution liability Energy 00 2010-06-21 Introduced in Senate 2010-07-01T19:30:52Z Guaranteed Oil Spill Compensation Act of 2010 - Amends the Outer Continental Shelf Lands Act to establish the Oil Spill Recovery Fund for payment of covered removal costs and damages described in the Oil Pollution Act of 1990 that are associated with a discharge, or substantial threat of discharge, of oil.

Prohibits any person from entering into a federal oil or gas lease or contract after enactment of this Act unless the person pays into the Fund, or posts a bond, in an amount equal to the difference between: (1) the total of the outstanding liability of the person under the Oil Pollution Act of 1990 and any removal costs incurred by or on behalf of the person, with respect to any incident for which the person has outstanding liability; and (2) the outstanding balance in the Oil Spill Liability Trust Fund that is attributable to the person.

Requires repayment of unexpended funds (plus interest) upon the earlier of either five years after amounts were paid by the person into the Fund or the date on which the Secretary determines that all federal and state natural resource damage assessments and all outstanding civil claims relating to the incident for which the amounts were paid have been satisfied.

Establishes as a separate item, for purposes of the President's budget submission, a statement that includes the estimated amount of Fund deposits, obligations, and outlays.

]]> Guaranteed Oil Spill Compensation Act of 2010 Display Title Guaranteed Oil Spill Compensation Act of 2010 Official Title as Introduced A bill to amend the Outer Continental Shelf Lands Act to prohibit a person from entering into any Federal oil or gas lease or contract unless the person pays into an Oil Spill Recovery Fund, or posts a bond, in an amount equal to the total of the outstanding liability of the person and any removal costs incurred by, or on behalf of, the person with respect to any oil discharge for which the person has outstanding liability, and for other purposes. Introduced in Senate IS Short Titles as Introduced Guaranteed Oil Spill Compensation Act of 2010 Introduced in Senate 2010-06-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3514is/xml/BILLS-111s3514is.xml 2010-06-21 Read twice and referred to the Committee on Environment and Public Works. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.