National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling recommendations to Congress for new spending and regulations. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling The National Commission on the BP "Deepwater Horizon" Oil Spill and Offshore Drilling is a bipartisan presidential commission, established by Executive Order signed by Barack Obama on May 21, 2010, that is "tasked with providing recommendations on how the United States can prevent and mitigate the impact of any future spills that result from offshore drilling." It came about as a result of the April 2010 Deepwater Horizon oil spill. The first public hearings, held on July 12 and 13,
Economic effects of the Deepwater Horizon oil spill approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 1 November, BP announced plans to spend $78 million to help Louisiana tourism and test and advertise seafood. The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in losses for each