Senate OKs Sending BP Oil Spill Penalties To Gulf

Law360, New York (March 08, 2012, 10:17 PM ET) -- Senators on Thursday overwhelmingly supported handing Gulf states most of the Clean Water Act penalties that BP PLC could pay over the Gulf of Mexico oil spill, while a judge overseeing the Deepwater Horizon multidistrict litigation kicked off a transition to a court-supervised program for oil spill victims' claims.

Lawmakers in the Senate voted 76-22 for the Restore Act, attaching it as an amendment to the transportation bill. The measure calls for 80 percent of BP's potential Clean Water Act penalties to go toward the restoration...
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