[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3473 Considered and Passed Senate (CPS)]

111th CONGRESS
  2d Session
                                S. 3473

 To amend the Oil Pollution Act of 1990 to authorize advances from Oil 
    Spill Liability Trust Fund for the Deepwater Horizon oil spill.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 9, 2010

     Mr. Reid introduced the following bill; which was read twice, 
              considered, read the third time, and passed

_______________________________________________________________________

                                 A BILL


 
 To amend the Oil Pollution Act of 1990 to authorize advances from Oil 
    Spill Liability Trust Fund for the Deepwater Horizon oil spill.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ADVANCES FROM OIL SPILL LIABILITY TRUST FUND FOR DEEPWATER 
              HORIZON OIL SPILL.

    Section 6002(b) of the Oil Pollution Act of 1990 (33 U.S.C. 2752) 
is amended in the second sentence--
            (1) by inserting ``(1)'' after ``Coast Guard''; and
            (2) by inserting before the period at the end the 
        following: ``and (2) in the case of the discharge of oil that 
        began in 2010 in connection with the explosion on, and sinking 
        of, the mobile offshore drilling unit Deepwater Horizon, may, 
        without further appropriation, obtain 1 or more advances from 
        the Fund as needed, up to a maximum of $100,000,000 for each 
        advance, with the total amount of all advances not to exceed 
        the amounts available under section 9509(c)(2) of the Internal 
        Revenue Code of 1986, and within 7 days of each advance, shall 
        notify Congress of the amount advanced and the facts and 
        circumstances necessitating the advance''.

SEC. 2. BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Senate Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.
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