HB3386 Summary

• Prohibits any person from conducting high volume horizontal hydraulic fracturing operations in Illinois effective upon the bill's enactment.

• Revokes all high volume horizontal hydraulic fracturing permits issued before the effective date of this amendatory Act.

• Repeals the entire Illinois Hydraulic Fracturing Tax Act (35 ILCS 450).

• Repeals Section 5.832 of the State Finance Act that established the Oil and Gas Resource Management Fund as a special fund.

• Repeals substantially all sections of the Hydraulic Fracturing Regulatory Act except for the definitions of "horizontal well" and "high volume horizontal hydraulic fracturing operations."