S. 1222 · 109th Congress
Oil Spill Liability Trust Fund Maintenance Act
- Stage
- In committee
- Sponsor
- Ted Stevens
- Introduced
- 2005-06-09
- Latest action
- 2005-06-09 · Introduced in Senate
Summary
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.