THE BAUCUS SUBSTITUTE: “The Oil Spill Liability Trust Fund Financing Rate Is 49 Cents A Barrel.” “TITLE IV—REVENUE OFFSETS; Subtitle D—Other Provisions; SEC. 431. MODIFICATIONS WITH RESPECT TO OIL SPILL LIABILITY TRUST FUND. (b) INCREASE IN OIL SPILL LIABILITY TRUST FUND FINANCING RATE.—Subparagraph (B) of section 4611(c)(2) is amended to read as follows: ‘‘(B) the Oil Spill Liability Trust Fund financing rate is 49 cents a barrel.’’.” (Baucus Substitute Amendment To H.R.4213, P.241, 6/16/10)

THE ASSOCIATED PRESS: “The Lost Receipts Would Be Replaced With Still More Revenue From An Increase In The Per-Barrel Tax Paid Into The Oil Spill Liability Trust Fund. Now Limited To 8 Cents A Barrel, The Tax Would Rise More Than Six-Fold To 49 Cents A Barrel Under The Latest Version Of The Bill — Instead Of 41 Cents Under The Version Killed On Wednesday.” (“Jobless Aid Bill Hits Deficit Wall In Senate,” The Associated Press, 6/16/10)

###
SENATE REPUBLICAN COMMUNICATIONS CENTER