H.R. 927 · 112th Congress
United States Exploration on Idle Tracts Act
- Stage
- In committee
- Sponsor
- Ed Markey
- Introduced
- 2011-03-03
- Latest action
- 2011-03-08 · Referred to the Subcommittee on Energy and Mineral Resources.
Summary
United States Exploration on Idle Tracts Act or USE IT Act - Directs the Secretary 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.