S. 600 · 112th Congress
Use It or Lose It Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MenendezSponsor10 cosponsors · 10 D
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Durbin
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Franken
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Merkley
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Nelson
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Schumer
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Whitehouse
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Boxer
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Murray
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Stabenow
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Rockefeller6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Use It or Lose It Act of 2011 - Requires holders of leases authorizing exploration and production of oil or natural gas to develop them diligently in order to ensure timely production from the lease.
What it does: CRS summary · Introduced in Senate · Mar 16, 2011
Use It or Lose It Act of 2011 - Requires holders of leases authorizing exploration and production of oil or natural gas to develop them diligently in order to ensure timely production from the lease.
Amends the Mineral Leasing Act and the Outer Continental Shelf Lands Act to direct the Secretary of the Interior to require a lessee, as a condition of such a lease, to pay an annual fee of $4 per acre on the acres covered by a non-producing lease.
Directs the Secretary to issue regulations that: (1) prescribe requirements and benchmarks for diligent oil and gas development to produce oil and gas from each lease to the maximum extent practicable during the primary term of the lease, and (2) require each leaseholder to submit a diligent development plan describing how the lessee will meet such benchmarks.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Use It or Lose It Act of 2011
Latest action (Mar 16, 2011): Read twice and referred to the Committee on Energy and Natural Resources.
Policy area: Energy · Origin: Senate · Introduced: Mar 16, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.