Ask AI
S. 1280

United States Exploration on Idle Tracts Act

United States Exploration on Idle Tracts Act or the USE IT Act

This bill directs the Department of the Interior to issue regulations to establish a specified graduated annual production incentive fee with respect to federal onshore and offshore lands subject to a lease for production of oil or natural gas under which production is not occurring.

Amounts received for the fee shall be reserved for expenditures on inspection, enforcement, and permitting relating to oil and gas.

Committee on Energy and Natural Resources. Hearings held.

Sen. Markey, Edward J. [D-MA](D-MA)Sponsor
1committees3actions1related bills5subjects
  1. Committee

    Committee on Energy and Natural Resources. Hearings held.

    Energy and Natural Resources Committee
  2. IntroReferral

    Read twice and referred to the Committee on Energy and Natural Resources.

    Energy and Natural Resources Committee
  3. IntroReferral10000

    Introduced in Senate

United States Exploration on Idle Tracts Act — Informed