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DHS/USCG | RIN: 1625-AC84 | Publication ID: Spring 2022 |
Title: ●Consumer Price Index Adjustments of Oil Pollution Act of 1990 Limits of Liability--Vessels, Deepwater Ports, and Onshore Facilities | |
Abstract:
The Coast Guard is issuing a final rule to adjust the limits of liability for vessels, deepwater ports, and onshore facilities under the Oil Pollution Act of 1990 (OPA 90), as amended, to reflect the increase in the Consumer Price Index since 2018. This regulation will preserve the polluter pays principle of OPA 90. This mandate to adjust the OPA 90 limits of liability by regulation to reflect significant increases in the CPI eliminates a potential market failure by keeping the limits of liability aligned with the costs associated with oil pollution incidents, as impacted over time by inflation. |
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Agency: Department of Homeland Security(DHS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 33 CFR 138.230 | |
Legal Authority: 33 U.S.C. 2704 |
Legal Deadline:
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Overall Description of Deadline: Statutory; 33 U.S.C. 2704(d)(4) |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1625-AC53, Related to 1625-AC14 | |
Agency Contact: Benjamin White Project Manager Department of Homeland Security U.S. Coast Guard National Pollution Funds Center (NPFC), 2703 Martin Luther King Jr. Avenue SE, STOP 7605, Washington, DC 20593-7605 Phone:202 795-6066 Email: benjamin.h.white@uscg.mil |