NU Online News Service, July 1, 2:30 p.m. EDT
A Senate committee on Wednesday approved a bill to retroactively eliminate the current liability cap for damage from oil spills.
The Senate Environment and Public Works Committee approved the Big Oil Bailout Prevention Liability Act (S3305), sponsored by Sen. Robert Menendez, D-N.J., to remove the current $75 million liability limit for companies responsible for a spill.
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