Honorable Steve Kagen, M.D.

Wisconsin's former 8th District Representative

January 4, 2007 to December 22, 2010

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Kagen Applauds BP Decision to be Responsible in Both Word and Deed


June 16, 2010



$20 billion account resembles Kagen’s recent legislative effort


WASHIGNTON, D.C.- Congressman Steve Kagen, M.D. made the following statement regarding BP’s agreement to fund a $20 billion escrow account to pay claims to people who lost income in the Gulf Coast oil spill:

"Responsibility must begin somewhere. Let it begin with BP.

“Wall Street corporations must pay for their own mistakes – not the taxpayers.

"I appreciate President Obama’s efforts and will continue to monitor BP’s compliance with their responsibility to rebuild the lives of all affected and restore the sensitive Gulf environment."

This Monday, Dr. Kagen introduced the ‘‘Oil Spill Responsibility Act of 2010,’’ which seeks $25 billion from BP to be deposited in the U.S. Treasury to pay for costs related to the Deepwater Horizon oil spill disaster in the Gulf of Mexico. 

In the lat 48 hours, 30 other members of the House of Representative have signed on to the ‘‘Oil Spill Responsibility Act of 2010’’ and the measure continues to gather support.



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