H.R.927 - United States Exploration on Idle Tracts Act

To direct the Secretary of the Interior to establish an annual production incentive fee with respect to Federal onshore and offshore lands that are subject to a lease for production of oil or natural gas under which production is not occurring, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To direct the Secretary of the Interior to establish an annual production incentive fee with respect to Federal onshore and offshore lands that are subject to a lease for production of oil or natural gas under which production is not occurring, and for other purposes. as introduced.
  • Short: United States Exploration on Idle Tracts Act as introduced.
  • Short: USE IT Act as introduced.

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Introduced
 
House
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Senate
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President
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03/03/11
 
 
 
 
 
 
 

Official 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 g

Official 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.

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