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S. 1222

BillFederalSenateIn Committee
Oil Spill Liability Trust Fund Maintenance Act
About This Bill
Committee
Latest Action · June 9, 2005
Read twice and referred to the Committee on Finance.
Congress
109th (2005–2007)
Introduced
June 9, 2005
Cosponsors (2)
2D 0R
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Summary

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Oil Spill Liability Trust Fund Maintenance Act - Amends the Internal Revenue Code to provide for the reinstatement of the Oil Spill Liability Trust Fund financing rate (5-cents per barrel of oil). Suspends such financing rate in any calendar quarter if the Secretary of the Treasury estimates that the unobligated balance in the Trust Fund exceeded $3 billion in the preceding calendar quarter.

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