Memorandum From the President on Offshore Oil Spill Pollution

Memorandum for the Secretary of Commerce, the Secretary of Transportation, the Attorney General, the Chairman, Federal Maritime Commission, the Chairman, Federal Trade Commission, the Chairman, Securities and Exchange Commission
Subject: Study of Oil Pollution Insurance

The Secretary of Commerce shall conduct the study required by Section 305 (d) of Title III of the Outer Continental Shelf Lands Act Amendments of 1978 (92 Stat. 678, 43 U.S.C. 1815(d)), relating to the availability of, and competition in the market for, adequate private insurance against oil pollution. The Secretary shall perform all the functions vested in the President by that Section, except the submission of the final report to the Congress.

In conducting this study and in preparing the final report and recommendations for submission to the President the Secretary shall consult with the Secretary of Transportation, the Attorney General, the Federal Maritime Commission, the Federal Trade Commission, and the Securities and Exchange Commission. The advice of the full Interagency Council on Accident Compensation and Insurance Issues shall also be sought in preparing the final report and recommendations.

JIMMY CARTER