A bill to amend the Outer Continental Shelf Lands Act to provide for strict liability in the case of damage caused by oil spills.

[AI summary unavailable — showing source text] Requires the Secretary of the Interior to insure that offshore drilling sites operating under leases issued under the provisions of the Outer Continental Shelf Lands Act be inspected at least once every sixty days to determine whether such site is being operated according to the rules and regulations issued pursuant to such Act. Establishes the Outer Continental Shelf Liability Fund as a nonprofit corporate entity. States that the fund shall consist of: (1) 20 percent of monies paid as bids on Outer Continental Shelf leases, and (2) 10 cents per barrel of oil produced at any leased site under the Act. States that such collections and contributions to the fund shall cease when amounts in the fund reach and remain above the level of $500,000,000. Provides that each lessee, and the fund, shall be strictly liable without regard to fault for all damages, including clean up costs, sustained by any person or entity (public or private) as a result of operations or activities at, related to, or in the vicinity of any offshore drilling site operated by the lessee. Makes the owner or operator of any vessel, and the fund, strictly liable for damages resulting from any discharge of oil from the…