Edward Markey actually said...

If a fine of $40,000 per day is not a sufficient financial deterrent, it is clear, and I agree with you, that a fine of $5,000 for a serious violation like not having a blowout preventer would not be a sufficient deterrent.

Context

Markey argues that current fines are insufficient to deter serious violations.

03/19/2012

https://congress.gov...

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