Buchanan, Wasserman Schultz Bill Bans Drilling - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 2, 2017 Newswires
Share
Share
Post
Email

Buchanan, Wasserman Schultz Bill Bans Drilling

Congressional Documents & Publications

WASHINGTON -- Rep. Vern Buchanan announced he is introducing legislation today with Congresswoman Debbie Wasserman Schultz to protect Florida's coastlines from devastating oil spills.

"Florida's beaches are vital to our economy and way of life," Buchanan said. "Our coastal communities depend on a clean and healthy ocean."

Specifically, the Marine Oil Spill Prevention Act would extend by five years a ban on oil drilling off much of Florida's Gulf coast until 2027. The current moratorium, which bans oil drilling within 125 miles of most of the Gulf, is set to expire on June 30, 2022.

The legislation also makes the oil company responsible for a spill pay for cleanup efforts and provides grant funding to states. Currently oil companies are only held accountable for oil spill cleanup if the oil is transported in a single-hull vessel.

"Our coastline and pristine beaches are true environmental treasures and the lifeblood of Florida's tourism economy," Wasserman Schultz said. "It would be malpractice and colossally irresponsible to allow oil drilling activities to jeopardize all that."

Additionally, the bill establishes the Gulf Coast Regional Citizens' Advisory Council, which would fight oil spill threats before they occur by tracking industry activity and recommending safety practices. The Council is mirrored on the Prince William Sound citizens' advisory council, which was established by Congress after the Exxon Valdez disaster.

The bill, which will be formally introduced today, also comes on the heels of a recent Trump administration proposal that could open up more than 70 million acres off the coast of Florida to oil and gas drilling over the next five years starting this August. Buchanan, a longtime opponent of drilling off the Gulf, recently joined a bipartisan group in writing to the Interior Secretary in opposition to the plan.

Buchanan wants to protect Florida's coastline from oil spills such as the one caused by the 2010 Deepwater Horizon explosion - one of the worst environmental disasters in U.S. history.

The Deepwater Horizon spill spewed more than 4 million barrels of oil into the Gulf of Mexico, claimed the lives of 11 workers, decimated the region's iconic wildlife and severely damaged our fishing and tourism industries.

As Floridians know all too well, an oil spill can devastate a regional economy and inflict long-term environmental damage.

Buchanan's opposition to drilling off the Florida coast includes strong support for 2016 Interior Department rules spelling out national well safety requirements, such as more frequent testing of blowout preventers. The Congressman also sponsored legislation in 2011 that would stop Cuba from drilling within 50 miles of Florida and voted against opening Florida's coast to drilling in 2011.

Read this original document at: https://buchanan.house.gov/media-center/press-releases/buchanan-wasserman-schultz-bill-bans-drilling

Older

Rep. Brat Statement in Support of Revised Health Care Legislation

Newer

Luetkemeyer Introduces the Taxpayer Exposure Mitigation Act

Advisor News

  • After the midterms: Addressing your clients’ tax concerns
  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
  • Americans’ sense of overall prosperity still ticks upward
  • Turning expanded eligibility into a better coverage plan for federal clients
  • Election 2026: Which of Berkeley's 7 ballot measures will pass?
More Advisor News

Annuity News

  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Jackson reports record annuity sales, increases share repurchase authorization
  • Why the market doesn’t need more carriers
  • Equitable, Corebridge steam toward merger with strong Q3 annuity sales
  • Jackson Announces New Annuity Offering for AARP Members
More Annuity News

Health/Employee Benefits News

  • Investigators at University of Pennsylvania Report New Data on Managed Care (In-hospital Medicaid enrollment facilitates follow-up care for emergency general surgery patients): Managed Care
  • New Findings from University of Pennsylvania in the Area of Managed Care Described (Association of Neighborhood Socioeconomic Disadvantage With Excess Mortality Among Medicare Beneficiaries: Examining an Empirical Basis for Social Risk …): Managed Care
  • Research on Acute Lymphoblastic Leukemia Published by Researchers at Stanford University (Travel time, insurance, and specialized cancer care for adolescents and young adults with acute lymphoblastic leukemia): Oncology – Acute Lymphoblastic Leukemia
  • Investigators from Nationwide Children’s Hospital Zero in on Mental Health Diseases and Conditions (The 2021 Child Tax Credit Expansion and Mental Health Care Use Among Medicaid-enrolled Adolescents In Ohio): Mental Health Diseases and Conditions
  • Study Results from Daegu Catholic University in the Area of Machine Learning Reported (Explainable machine learning framework with Granger-based temporal predictive validation for monitoring fiscal risk in national health insurance expenditure): Machine Learning
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
  • National Life Group Approves $23 Million Dividends for 2027
  • Milliman’s proposed $15.5 million settlement puts life insurance underwriting data in focus
  • Brighthouse Financial Announces Third Quarter 2026 Results
  • Prudential earnings dip as Japan sales suspension offsets U.S. growth
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.