President Obama signed the RESTORE Act into law Friday, a measure that will channel billions of dollars in BP oil spill fine money away from federal coffers, sending it instead directly to the Gulf Coast states to aid in environmental and economic recovery. Senators Mary Landrieu (D-Louisiana) and Richard Shelby (R-Alabama) introduced the RESTORE Act in July 2011 in an effort to ensure most of the fines collected under the Clean Water Act would be invested on the Gulf Coast. Under federal law, such fines collected by the government are normally deposited in a general fund used for the cleanup ... Read More
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