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United States Exploration on Idle Tracts Act
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.
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.
- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on Energy and Natural ResourcesIntroducedMay 11th, 2015
- senate Committees