Comprehensive Oil and Hazardous Substances Pollution Liability and Compensation Act

[AI summary unavailable — showing source text] Comprehensive Oil and Hazardous Substances Pollution Liability and Compensation Act - Title I: Oil Pollution Liability, Compensation, and Fund - Declares that there is in the Treasury of the United States a fund known as the Comprehensive Oil Pollution Liability Trust Fund established in title V of this Act. Provides that, in addition to the processing and settlement of claims, the fund is immediately available to pay specified removal costs arising out of or directly resulting from an oil pollution incident. Authorizes the Secretary of Transportation to issue regulations designating the person or persons who may obligate available money in the fund for such purposes. Permits claims for damages for economic loss, incurred 180 days or more after the effective date of this Act, to be asserted for: (1) removal costs; (2) injury to, or destruction of, real or personal property; (3) injury to, or destruction of, natural resources; and (4) loss of profits or impairment of earning capacity due to injury or destruction of real or personal property or natural resources to the extent the such damages were sustained during the two-year period beginning on the date the claimant first suffered …