Congressmen want to direct BP money to Gulf Coast

Congressmen Jeff Miller and Steve Southerland have introduced legislation to help Gulf Coast counties impacted hardest by the BP oil spill.

Their proposal, called The Gulf Coast Economic and Tourism Restoration Act, would require a portion of the fines paid by BP for the Deepwater Horizon oil spill be used for economic development along the affected shores of the Gulf Coast. 
If the proposal becomes law it would distribute 40 percent of the BP fines to the local communities and states directly impacted by the oil spill for use in economic restoration and tourism promotion.
 Under the Clean Water Act, BP is expected to pay between $5 billion and $21 billion in fines, based on estimates of the flow of oil from the Macondo well. 
Miller’s and Southerland’s bill would distribute 40 percent of these fines to the five Gulf states affected by the spill and further require each governor to send 75 percent of their allocation to the local communities directly impacted. 


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