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senate Bill S. 1280

United States Exploration on Idle Tracts Act

Bill Details

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Title

United States Exploration on Idle Tracts Act

Official Title

A bill to direct the Secretary of the Interior to establish an annual production incentive fee with respect to Federal onshore and offshore land that is subject to a lease for production of oil or natural gas under which production is not occurring, and for other purposes.

Summary

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.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Energy and Natural Resources
    IntroducedMay 11th, 2015

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