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Pelosi: Oil Spill Response Package Puts $5 Billion Toward Deficit Reduction

Statement

By:
Date:
Location: Washington, DC

Speaker Nancy Pelosi released the following statement today on the House introduction of the oil spill response package, which will be considered on the floor later this week. The package includes: the revised Consolidated Land, Energy, and Aquatic Resources (CLEAR) Act, estimated by the non-partisan Congressional Budget Office to reduce the deficit by $5.3 billion over the next five years; and the Offshore Oil and Gas Worker Whistleblower Protection Act:.

"In the wake of the BP disaster, Congress must act on its commitment to protect America's families and businesses, rebuild the Gulf Coast, hold oil companies accountable, and work to ensure that a spill of this kind never happens again. This week, the House will vote on an oil spill response package to achieve these goals and keep our promise to the American people.

"The updated CLEAR Act includes strong new safety measures, restores the Gulf Coast, protects local residents and taxpayers, reforms the agency charged with overseeing oil drilling, and holds the oil industry responsible for cleanup costs and recovery. This is good for our families, our environment, and the health of our natural resources. And today, the independent CBO told us that it's good for our budget -- saving taxpayers more than $5 billion in the next five years.

"The other piece of this package -- the Offshore Oil and Gas Worker Whistleblower Protection Act -- protects workers who put the people's interest first, speak up, and inform state and federal government authorities of violations or practices that endanger the public.

"This package, along with the other measure the House has passed, forms a powerful response to the tragedy in the Gulf. We look forward to working with Members of Congress on both sides of the aisle to enact this package and do right by the people of the Gulf Coast."


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