Use it or Lose it Act of 2022 This bill requires holders of certain offshore and onshore oil and gas leases to diligently develop their leases. The Department of the Interior may assess an annual fee against a leaseholder who fails to appropriately develop a lease.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
Energy
Use it or Lose it Act of 2022
USA117th CongressS-5217| Senate
| Updated: 12/8/2022
Use it or Lose it Act of 2022 This bill requires holders of certain offshore and onshore oil and gas leases to diligently develop their leases. The Department of the Interior may assess an annual fee against a leaseholder who fails to appropriately develop a lease.