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Committee on Natural ResourcesEnergy and Mineral ResourcesIntroducedApril 21st, 2010
- house Committees
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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.
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.