Congress: taxpayers to pay insurance companies' costs of BP disaster in Gulf

[ProSense]

19. That's not

"Congress: taxpayers to pay insurance companies' costs of BP disaster in Gulf"

...accurate. The word "insurance" in the snip is not in the original OP article. Still, the money refers to the fines BP pays.

WASHINGTON – Congress approved a long-awaited measure Friday that will give Gulf Coast states billions in fine money that BP will pay for the 2010 Gulf of Mexico oil spill.

“It’s going to be a tremendous down payment for the challenges of the Gulf Coast,’’ Democratic Sen. Mary Landrieu of Louisiana, a lead sponsor of the bill, said on the Senate floor.

The RESTORE Act was approved as part of a larger, bipartisan transportation bill. The bill passed the House 373-52 and the Senate 74-19. President Barack Obama is expected to sign it into law.

RESTORE -- for Resources and Ecosystems Sustainability, Tourism Opportunities and Revived Economies -- will steer 80 percent of the BP Plc fine money to Alabama, Florida, Louisiana, Mississippi and Texas to help the states recover from the spill, economically and environmentally.

http://www.thetowntalk.com/article/20120629/NEWS01/120629023