S 204

112th CONGRESS
1st Session

S. 204

To amend the Oil Pollution Act of 1990 to permit funds in the Oil Spill Liability Trust to be used by the National Oceanic and Atmospheric Administration, the Coast Guard, and other Federal agencies for certain research, prevention, and response capabilities with respect to discharges of oil, for environmental studies, and for grant programs to communities affected by oil spills on the outer Continental Shelf, and to provide funding for such uses and for other purposes.

IN THE SENATE OF THE UNITED STATES

January 26, 2011

Mr. BEGICH introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To amend the Oil Pollution Act of 1990 to permit funds in the Oil Spill Liability Trust to be used by the National Oceanic and Atmospheric Administration, the Coast Guard, and other Federal agencies for certain research, prevention, and response capabilities with respect to discharges of oil, for environmental studies, and for grant programs to communities affected by oil spills on the outer Continental Shelf, and to provide funding for such uses and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the `Resources for Oil Spill Research and Prevention Act'.

SEC. 2. OIL SPILL LIABILITY TRUST FUND.

    (a) Oil Spill Liability Trust Fund Financing Rate-

      (1) IN GENERAL- Subparagraph (B) of section 4611(c)(2) of the Internal Revenue Code of 1986 is amended by inserting `except as provided in paragraph (3)' before `the Oil Spill Liability Trust Fund financing rate'.

      (2) ADDITIONAL RATE ON CRUDE OIL- Paragraph (2) of section 4611(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

      `(3) ADDITIONAL RATE ON CRUDE OIL- In the case of crude oil on which a tax is imposed under subsection (a)(1) or (b), the Oil Spill Liability Trust Fund financing rate under paragraph (2)(B) shall be increased by--

        `(A) in the case of domestic crude oil, 3 cents a barrel, and

        `(B) in the case of any other crude oil, 7 cents a barrel.'.

      (3) REPEAL OF TERMINATION- Section 4611 of such Code is amended by striking subsection (f).

      (4) EFFECTIVE DATE- The amendments made by this subsection shall take effect on the first day of the first calendar quarter after the date of enactment of this Act.

    (b) Reference to Oil Pollution Act of 1990- Section 9509(f) of the Internal Revenue Code of 1986 is amended by striking `on the date of the enactment of this subsection' and inserting `on the date of the enactment of the Resources for Oil Spill Research and Prevention Act'.

SEC. 3. USES OF THE OIL SPILL LIABILITY TRUST FUND.

    Section 1012(a) of the Oil Pollution Act of 1990 (33 U.S.C. 2712(a)) is amended--

      (1) in paragraph (5)(C), by striking `and' at the end;

      (2) in paragraph (6), by striking the period at the end and inserting `; and'; and

      (3) by adding at the end the following:

      `(7) with respect to amounts in the Fund attributable taxes received under section 4611(c)(3) of the Internal Revenue Code of 1986--

        `(A) the payment of costs incurred by the National Oceanic and Atmospheric Administration, the Coast Guard, and other Federal agencies in maintaining research, prevention, and response capabilities with respect to discharges of oil;

        `(B) the payment of costs incurred in carrying out environmental assessment studies; and

        `(C) the provision of grants to affected States, communities, institutions of higher education, and other entities for use in carrying out research relating to discharges of oil on the outer Continental Shelf of the United States.'.

END