No Free Inspections for Oil Companies Act - Amends the Outer Continental Shelf Lands Act to direct the Secretary of the Interior to establish and collect inspection fees from operators of Outer Continental Shelf (OCS) facilities.
Establishes in the Treasury the Ocean Energy Enforcement Fund as depository for such fees.
Requires amounts collected by the Secretary to be credited as offsetting collections and to be made available for expenditure only for implementing inspections of OCS facilities (including mobile offshore drilling units) and for administration of the inspection program.