Vitter Introduces Amendment to Prevent Use of Oil Spill Trust Fund for Deficit Spending

June 8, 2010

(Washington, D.C.) – U.S. Sen. David Vitter today introduced an amendment that would prevent funds in the Oil Spill Liability Trust Fund from being used to offset other unrelated expenditures in the federal budget and mask the full impact to the deficit.

“My amendment would prevent politicians from stealing money from the trust fund to pay for their own runaway government spending,” said Vitter. “Their current proposal would dramatically raise taxes for the trust fund and then double-count those same dollars to pay for a grab-bag of deficit spending.”

The Oil Spill Liability Trust Fund was created by the Oil Pollution Act of 1990 to provide emergency funding to agencies responding to oil spills and to assist in providing revenue to claimants impacted by spills. It is funded by a tax on the oil industry and can be used to pay for the removal of spilled oil, restoration of injured natural resources and reimbursement of private parties for damages.

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