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United States Exploration on Idle Tracts Act

1/11/2023, 1:31 PM

Congressional Summary of S 1280

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.

Current Status of Bill S 1280

Bill S 1280 is currently in the status of Bill Introduced since May 11, 2015. Bill S 1280 was introduced during Congress 114 and was introduced to the Senate on May 11, 2015.  Bill S 1280's most recent activity was Committee on Energy and Natural Resources. Hearings held. as of May 19, 2015

Bipartisan Support of Bill S 1280

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1280

Primary Policy Focus

Public Lands and Natural Resources

Potential Impact Areas

- Administrative law and regulatory procedures
- Department of the Interior
- Energy revenues and royalties
- Oil and gas
- User charges and fees

Alternate Title(s) of Bill S 1280

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
USE IT Act

Comments

Sponsors and Cosponsors of S 1280

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