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Let us now to discuss what's being done to get money to the people of the gulf impacted by the spill this Kenneth Feinberg administrator what's known as the Gulf Coast claims facility mr.
Feinberg thank you so much for joining us on FOX News Sunday.
-- I asked my Twitter followers and those who go on our White House blog to submit questions for you and I got this question over and over.
From what power authorities -- you -- -- the power to pay claims.
Who do you work for and how can you be viewed by the American public is truly independent when you're hired by President Obama and are being paid by BP.
I work for the people.
With the gulf region that's why -- hopeful.
I am totally independent it is a private agreement entered into between the administration -- BP.
To find somebody.
Who can design implement and administer a -- independent.
I -- -- and -- BP nor the administration and I just wanna get the job done for the good of the people in the gulf.
He testified Wednesday before the house small business committee in there were several issues that could not be resolved and that committee -- when Alexi we get to resolution to them today one of the questions you grass was.
BP is already paid out some more than a 130 million dollars in claims.
Is that count on the twenty billion here's what you said Wednesday before the house -- -- I think the 130 million that it's been paid out so far is not -- of the twenty billion.
That has been paid by BP separately.
Independent of the escrow account I think that's right.
I think that's right.
Do we know for sure -- can we resolve that what's the situation what's -- twenty -- what's been paid out so far do -- comics about a 130 million has been paid out it is not.
Part of the twenty billion dollar escrow fund that is being set up as we speak.
That will be used to pay claims.
And that -- fund has not been paid down and anyway that's correct that's for you okay next question -- asked something that's very much on the minds of businesses along the gulf.
The don't have tar balls that don't have an actual oil damage near them but their businesses are quite clearly being affected this would be some restaurants Condo associations lots of folks.
You asked about this here's part of what she said Wednesday.
I want to emphasize that I have made no decision yet.
On whether or not that the local law should govern in every case there -- examples of in of the inequity and injustice we have the local law may not be the best barometer.
Picking up on that your answer was.
Basically what you're gonna be following is state law.
On these matters but of course state law in many respects if not all respects never anticipated and ecological and economic -- -- this nature.
For those who don't have oil near them.
Can they be compensation will they become so they can become.
Stated first of all it's not just state law it's also maritime along the pollution control -- -- It's also my discretion.
In terms of equity and need that.
So one should not focus only nor -- I attempt to even suggest that one focus only on a particular state law that's first.
Secondly you have to look at each and every case they may not be oil on the beach.
You all ought are you losing business this year because you can't take -- fisherman out to fish.
You can't take -- shot a vote for sightseeing you can't go into the marshes.
Of oil should not and will not be the only requirement there were going to be have to be.
Some tough decisions today.
As to who was eligible and who was not -- -- and as I said last week.
I will look at the claims a look at the underlying facts of those claims.
I'm working for the people in the gulf I wanna try and maximize.
As much compensation as I can do the -- and consistently.
To the people I'm trying to serve down there.
One other thing I'd like to clear once and for -- if possible.
BP also is a good faith gesture set aside 100 million dollars for idled deep water rig workers.
As a result of the government imposed six months deep water drilling moratorium.
You are asked if you go to administer that fund here's your response on Capitol Hill.
Whether -- process those claims or some charity -- foundation will process those claims.
I don't think has been finalized but hopefully that will be finalized in the next day -- two.
-- -- been a couple of days to have an answer we don't have a finally -- yet I can say this.
One the 100 million dollar moratorium payments are not part of the twenty billion they'll over and above the twenty.
Secondly those payments will be limited.
One time that 100 million unlike the twenty billion.
The 100 million is a fixed amount which will not be supplemented it is all there is for this particular law type of rig worker claim.
It will be limited to the regal workers who actually performed employed.
On the ratings subjects of the moratorium it is not all -- to be used for businesses or other subcontractors.
It is an employee based limited fund whether -- it minister it.
Whether we're charity or foundation will administer that whether another third party as of today as of this moment I don't believe that -- been finalized between BP in the ministry.
They have to work that up between themselves as -- -- -- -- which brings me to another point I've asked the White House several times.
Unlike the 9/11 fund which -- administered that was congressionally chartered this is not this is an agreement between the sitting White House and it.
Should from the American public see this written document.
The legal confines and the outlines of everything that's been agreed to so they can evaluate and they know with certainty under what rules.
This is all going to be conducted at -- the White House for that they've committed publicly to providing that document we've fiercer today say.
That should happen and happen sooner rather than later first I don't even know there is such a document -- that -- I assume that will be I don't know if it's repeated yet.
That is not on my watch I -- -- A fund which will slots that twenty billion for payment.
What that document will say how will -- weather will be made available to the public.
Whatever the transparency of that escrow account.
I have enough problems without trying we're -- take part obvious here to help out there no I don't think it would make my job -- in my job.
It's to serve the people in Alabama Mississippi Florida Louisiana Texas.
To try and maximize.
That I can get to those citizens in those jurisdictions.
That escrow money -- -- -- would Bible the administration Ian VP will be the I do not want to into fear.
With what is -- that the discussions at least under -- between the administration BP -- -- an independent.
Third party beholden to -- And I want to move forward with a round supposed to be doing processing those claims in the golf and -- fifteen seconds left.
How soon we'll be taking this job on -- -- personally and transition out of what you -- to pay master for the TARP fund I have taken on this job I've been down on the gulf.
Numerous times -- cannot do this -- from Washington.
I've been an all of those states down on the air and I hope to transition from the BP program.
Within a matter of weeks not months very good mr.
Feinberg Kenneth Feinberg thank you so much for joining us.
And thank you for that update and think -- spending part of your fourth of July with some very happy fourth intellect user -- -- up next.
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