Senate Bill Re Oil Spill Economic Damages

Senator Vitter (R-LA) introduced a bill (S. 3461) to create a fair and efficient system to resolve claims of victims for economic injury caused by the Deepwater Horizon incident, and to direct the Secretary of the Interior to renegotiate the terms of the lease known as ``Mississippi Canyon 252'' with respect to claims relating to the Deepwater Horizon explosion and oil spill that exceed existing applicable economic liability limitations. Official text of the bill is not yet available. (6/7/10).

(Source: Bryant’s Maritime News)