S. 1280 · 114th Congress
United States Exploration on Idle Tracts Act
- Stage
- In committee
- Sponsor
- Ed Markey
- Introduced
- 2015-05-11
- Latest action
- 2015-05-19 · Committee on Energy and Natural Resources. Hearings held.
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.