Amendment to OPA 90 Proposed to Ensure Adequate Funding of Oil Spill Liability Trust Fund

Court Decisions

Mar 27

Written By The Current Loyola Maritime Law Journal

Senator Dan Sullivan (R-AK) has introduced legislation (S-865) to modify the Oil Spill Liability Trust Fund established pursuant to OPA 90 (Oil Pollution Act of 1990 [33 U.S.C. § 2701 et seq.]) As of March 28, 2019, a copy of the text was not available.

As reported in Sen. Sullivan’s Press Release (March 25, 2019; https://www.sullivan.senate.gov/newsroom/press-releases/sullivan-bill-to-update-and-permanently-reauthorize-oil-spill-liability-trust-fund), the proposed legislation is intended to modify the Oil Spill Liability Trust Fund. The 9-cent per gallon tax expired at the end of 2018 (https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-federal-oil-spill-tax-expired-december-31-2018.pdf) The bill, if passed, sets a $7 Billion dollar cap on the fund with a $5 Billion minimum reserve. The Senator’s press release (URL noted above) gives a description of the Senate bill.

The Current Loyola Maritime Law Journal

The Current is the blog of the Loyola New Orleans Maritime Law Journal, where we post updates to keep our readers up to date about new decisions in maritime law. We also post news about the Journal and its' members.

Amendment to OPA 90 Proposed to Ensure Adequate Funding of Oil Spill Liability Trust Fund

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