Murkowski Discusses Her Bill - Oil Spill Compensation Act of 2010

Sen. Murkowski, ranking Republican of the Senate Energy and Natural Resources Committee, today proposed legislation to address a number of concerns raised by the ongoing oil spill in the Gulf of Mexico, including a provision to expedite payments to those most impacted by the spill. The bill would authorize the president to set liability on offshore oil and gas projects on a case-by-case basis at time of lease using a set of criteria, including a company's safety record and the depth and pressure of the reserve being developed. Responsibility for claims in excess of an individual cap would be shared by all offshore operators in U.S. waters.