What law was passed in 1990 in response to the Exxon Valdez accident and what atr its main provisions?

A very timely question. There is a 75 million dollar cap on liability related to damages. The White House has stated that it would like to increase that limit and make it retroactive. There is also a fund set up from an 8 cent per barrel tax to pay for oil spill clean up.

See related links.