S. 5217 · 117th Congress · Senate

Use it or Lose it Act of 2022

Active· Read twice and referred to the Committee on Energy and Natural Resources.
Introduced
Dec 8, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.