The Good, the Bad, and the Early in the Senate Spill Bill

Nicolas Loris / July 28, 2010

The Senate just released its proposed legislative response to the Deepwater Horizon oil spill. Fortunately, earlier efforts to load the spill bill down with extremely costly and unrelated measures like cap and trade have given way to a more targeted approach.

Nonetheless, the bill still contains a number of problematic provisions, and in any event comprehensive legislation is premature at this time as there is much more that needs to be learned about the causes of the spill. At the very least, Senators should refrain from the instinct to “do something” on the oil spill and take a close look at the legislative proposal on the table. (more…)