United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2014_register executive 2014-02-22 article Proposed Rules D09002ee1c7fa662c D09002ee1c7fa66e1 United States Department of the Interior originator org United States Government Agency or Subagency United States Bureau of Ocean Energy Management originator org United States Government Agency or Subagency The Bureau of Ocean Energy Management (BOEM) is proposing to add a new subpart to its regulations on Oil Spill Financial Responsibility (OSFR) for Offshore Facilities designed to increase the limit of liability for damages applicable to offshore facilities under the Oil Pollution Act of 1990 (OPA), to reflect significant increases in the Consumer Price Index (CPI) since 1990, and to establish a methodology BOEM would use to periodically adjust for inflation the OPA offshore facility limit of liability. BOEM proposes to increase the limit of liability for damages from $75 million to $133.65 million. OPA requires inflation adjustments to the offshore facility limit of liability not less than every three years to preserve the deterrent effect and "polluter pays" principle embodied in the OPA Title I liability and compensation provisions. In addition, the Department of the Interior has determined that this change would further protect the environment by ensuring that any party that causes an oil spill would pay an increased amount of any potential damages. BOEM is publishing this update to its regulations and is soliciting public comments on the method of updates, the clarity of the rule and any other pertinent matters. The Department is limiting the rulemaking comment period to 30 days since it does not anticipate receiving adverse comments on this rulemaking. 79 FR 10056 https://www.govinfo.gov/app/details/FR-2014-02-24/2014-03738 2014-03738 fr24fe14-24 RIN 1010-AD87 4310-MR-P Docket ID: BOEM-2012-0076 MMAA104000 https://www.govinfo.gov/app/details/FR-2014-02-24/2014-03738 https://www.govinfo.gov/content/pkg/FR-2014-02-24/html/2014-03738.htm https://www.govinfo.gov/content/pkg/FR-2014-02-24/pdf/2014-03738.pdf Administrative Practice and Procedure Continental Shelf Economic Analysis Environmental Impact Statements Environmental Protection Financial Responsibility Government Contracts Intergovernmental Relations Investigations Ocs Oil and Gas Exploration Oil Pollution Liability Limit of Liability Penalties Pipelines Public Lands-Mineral Resources Public Lands-Rights-of-Way Reporting and Recordkeeping Requirements Surety Bonds Treasury Securities 8 p. 10056 10063 79 FR 10056 Title 30 Part 553 30 CFR Part 553 RIN 1010-AD87 Consumer Price Index Adjustments of the Oil Pollution Act of 1990 Limit of Liability for Offshore Facilities; Federal Register Vol. 79, Issue PRORULE 2014-03738 DEPARTMENT OF THE INTERIOR Bureau of Ocean Energy Management 2014-03-26 Docket ID: BOEM-2012-0076 MMAA104000 4310-MR-P 2014-03738 Proposed rule.

The Bureau of Ocean Energy Management (BOEM) is proposing to add a new subpart to its regulations on Oil Spill Financial Responsibility (OSFR) for Offshore Facilities designed to increase the limit of liability for damages applicable to offshore facilities under the Oil Pollution Act of 1990 (OPA), to reflect significant increases in the Consumer Price Index (CPI) since 1990, and to establish a methodology BOEM would use to periodically adjust for inflation the OPA offshore facility limit of liability. BOEM proposes to increase the limit of liability for damages from $75 million to $133.65 million. OPA requires inflation adjustments to the offshore facility limit of liability not less than every three years to preserve the deterrent effect and "polluter pays" principle embodied in the OPA Title I liability and compensation provisions. In addition, the Department of the Interior has determined that this change would further protect the environment by ensuring that any party that causes an oil spill would pay an increased amount of any potential damages. BOEM is publishing this update to its regulations and is soliciting public comments on the method of updates, the clarity of the rule and any other pertinent matters. The Department is limiting the rulemaking comment period to 30 days since it does not anticipate receiving adverse comments on this rulemaking.

Submit comments by March 26, 2014. Questions regarding the limit of liability established by this proposed rule, or related to the limits of liability adjustment process, should be directed to Dr. Marshall Rose, Chief, Economics Division, Office of Strategic Resources, Bureau of Ocean Energy Management at 381 Elden Street, MS-4050 Herndon, Virginia 20170-4817 at (703) 787-1538 or email at marshall.rose@boem.gov. Administrative Practice and Procedure Continental Shelf Economic Analysis Environmental Impact Statements Environmental Protection Financial Responsibility Government Contracts Intergovernmental Relations Investigations Ocs Oil and Gas Exploration Oil Pollution Liability Limit of Liability Penalties Pipelines Public Lands-Mineral Resources Public Lands-Rights-of-Way Reporting and Recordkeeping Requirements Surety Bonds Treasury Securities Consumer Price Index Adjustments of the Oil Pollution Act of 1990 Limit of Liability for Offshore Facilities , marshall.rose@boem.gov peter.meffert@boem.gov ftp.bls.gov/pub/special.requests/cpi/cpiai.txt http://www.bls.gov/cpi/cpi1998d.pdf http://www.regulations.gov www.regulations.gov Vol. 79, no. 36 Office of the Federal Register, National Archives and Records Administration 2014-02-24 continuing daily deposited born digital 358 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2014-02-24 P0b002ee18760d808 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr24fe14 https://www.govinfo.gov/app/details/FR-2014-02-24 https://www.govinfo.gov/content/pkg/FR-2014-02-24/pdf/FR-2014-02-24.pdf https://www.govinfo.gov/content/pkg/FR-2014-02-24/xml/FR-2014-02-24.xml fdlp 9981 10330 DGPO 2014-02-22 2024-06-03 FR-2014-02-24 machine generated eng FR FR-2014-02-24 79 36