H.R.6016 - Audit the BP Fund Act of 2010

To provide for a GAO investigation and audit of the operations of the fund created by BP to compensate persons affected by the Gulf oil spill. view all titles (3)

All Bill Titles

  • Official: To provide for a GAO investigation and audit of the operations of the fund created by BP to compensate persons affected by the Gulf oil spill. as introduced.
  • Short: Audit the BP Fund Act of 2010 as introduced.
  • Short: Audit the BP Fund Act of 2010 as passed house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
07/30/10
 
09/28/10
 
 
 
 
 

Official Summary

Audit the BP Fund Act of 2010 - Directs the Comptroller General to: (1) conduct an ongoing independent investigation and audit of the fund and claims process created by BP to compensate persons affected by the BP Deepwater Horizon oil spill in the Gulf of Mexico beginning on April 20, 2010,

Official Summary

Audit the BP Fund Act of 2010 - Directs the Comptroller General to:
(1) conduct an ongoing independent investigation and audit of the fund and claims process created by BP to compensate persons affected by the BP Deepwater Horizon oil spill in the Gulf of Mexico beginning on April 20, 2010, to determine the effectiveness of fund operations, including the timeliness of claim payments and the accuracy of determining amounts of damages compensated; and
(2) report to Congress on the effectiveness of the operations until they are completed. Authorizes the Comptroller General to use any investigative powers, including subpoena power, in conducting such investigation and audit. Expresses the sense of Congress that:
(1) BP should fully cooperate with the Comptroller General to assure that the fund is accurately, expediently, and efficiently compensating victims for their losses; and
(2) the costs incurred by the Comptroller General to carry out responsibilities under this Act should be reimbursed by BP.

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