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H.R. 7458: Domestic Opportunities for Resource Exploration Act

This bill, known as the Domestic Opportunities for Resource Exploration Act, aims to formalize the notice process for mineral exploration activities on certain public lands, specifically those that cause limited surface disturbance.

Key Provisions of the Bill

  • Notice Requirement: Operators who plan to carry out exploration activities that involve surface disturbance of no more than 25 acres on public lands must submit a notice to the relevant Secretary (either the Secretary of the Interior or the Secretary of Agriculture, depending on the land type) at least 15 days before commencing the activity.
  • Information Submission: The notice must contain information as required by the Secretary, which might include details outlined in existing regulations.
  • Review Process: After receiving a notice, the Secretary has 15 days to review it. If the notice meets all the requirements, the exploration can proceed. If the notice lacks necessary information, the Secretary must inform the operator of what is missing.

Definitions and Clarifications

The bill provides definitions for terms essential for understanding its provisions:

  • Casual Use: Refers to activities that do not significantly disturb the surface of the land, falling under existing regulations.
  • Exploration Activity: Activities that create surface disturbances beyond "casual use," such as sampling, drilling, and other methods to evaluate mineral presence. It does not include the extraction of materials for sale.
  • Public Land: Defined as land owned by the United States that is open for mineral location as per the 1872 mining law.
  • Operator: Refers to the individual or entity responsible for conducting mineral exploration on the public land.

Implementation and Oversight

The bill is designed to streamline the process for smaller-scale mineral exploration, allowing for more accessible opportunities while ensuring that regulatory oversight remains in place. The focus is on exploration that does not exceed 25 acres of disturbance, aiming to balance resource development with environmental considerations.

Relevant Companies

  • NEM (Newmont Corporation): This mining company may be directly impacted as it engages in mineral exploration and mining activities.
  • AEM (Agnico Eagle Mines Limited): A mining firm that could be affected by the changes in regulatory processes for exploration activities.
  • FCX (Freeport-McMoRan Inc.): This company is involved in mining and may need to adapt its exploration strategies according to new notice requirements.

This is an AI-generated summary of the bill text. There may be mistakes.

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Sponsors

1 sponsor

Actions

4 actions

Date Action
Feb. 24, 2026 Subcommittee Hearings Held
Feb. 17, 2026 Referred to the Subcommittee on Energy and Mineral Resources.
Feb. 10, 2026 Introduced in House
Feb. 10, 2026 Referred to the Committee on Natural Resources, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Corporate Lobbying

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* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.

Potentially Relevant Congressional Stock Trades

Estimated excess return of the underlying stock since the transaction
Politician Stock Transaction Filed Traded
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Dec 15, 2025 Nov 18, 2025 +66.73%
Congress pfp
Gilbert Ray Cisneros, Jr. D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Nov 18, 2025 Oct 17, 2025 +62.47%
Congress pfp
Lisa C. McClain R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Oct 22, 2025 Sep 25, 2025 +89.17%
Congress pfp
Val T. Hoyle D / House
NEM logo
NEM NEWMONT CORPORATION
Sale $1,001 - $15,000
Oct 10, 2025 Sep 23, 2025 +48.81%
Congress pfp
Lisa C. McClain R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Sep 12, 2025 Aug 13, 2025 +53.30%
Congress pfp
Adam Smith D / House
NEM logo
NEM BENEFICIARY C�������: THIS STOCK WAS PART OF THE INHERITED BENEFICIARY IRA SPOUSE RECEIVED UPON THE DEATH OF HER FATHER IN 2021. SPOUSE HAS CHOSEN TO DIVEST OF ALL THE STOCKS CONTAINED WITHIN THIS IRA. AS THIS IS AN INHERITED BENEFICIARY IRA, THERE ARE NO CAPITAL GAINS ON THIS SALE. SP NEWMONT CORPORATION
Sale $1,001 - $15,000
Aug 08, 2025 Aug 08, 2025 +78.84%
Congress pfp
Lisa C. McClain R / House
NEM logo
NEM NEWMONT CORPORATION
Sale $1,001 - $15,000
Aug 13, 2025 Jul 16, 2025 +110.21%
Congress pfp
Ritchie Torres D / House
FCX logo
FCX C�������: THIS INVESTMENT IS HELD WITHIN A PUBLICLY AVAILABLE, WIDELY HELD INDEPENDENTLY MANAGED PORTFOLIO OVER WHICH I HAVE NO AUTHORITY TO EXERCISE CONTROL OVER OR INFLUENCE THE FINANCIAL INTERESTS HELD BY THE PORTFOLIO. THE ASSETS OF THE PORTFOLIO ARE WIDELY DIVERSIFIED, AND ALL INVESTMENT DECISIONS ARE MADE SOLELY BY THE INDEPENDENT MANAGER, WITHOUT MY INPUT OR DIRECTION. FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Aug 20, 2025 Jul 11, 2025 +37.17%
Congress pfp
Lisa C. McClain R / House
NEM logo
NEM NEWMONT CORPORATION
Purchase $1,001 - $15,000
Aug 13, 2025 Jun 17, 2025 +105.06%
Congress pfp
Jefferson Shreve R / House
NEM logo
NEM NEWMONT CORPORATION
Sale $15,001 - $50,000
Jun 22, 2025 May 12, 2025 +135.71%
Congress pfp
Bruce Westerman R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
May 12, 2025 Apr 21, 2025 +73.61%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Purchase $1,001 - $15,000
May 12, 2025 Apr 15, 2025 +76.88%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Purchase $1,001 - $15,000
May 12, 2025 Apr 09, 2025 +75.92%
Congress pfp
Robert Bresnahan R / House
NEM logo
NEM NEWMONT CORPORATION
Purchase $1,001 - $15,000
May 08, 2025 Apr 08, 2025 +148.11%
Congress pfp
Jefferson Shreve R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $15,001 - $50,000
May 08, 2025 Apr 07, 2025 +88.68%
Congress pfp
Julie Johnson D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
May 14, 2025 Apr 01, 2025 +56.71%
Congress pfp
Jefferson Shreve R / House
NEM logo
NEM NEWMONT CORPORATION
Purchase $15,001 - $50,000
Apr 11, 2025 Mar 13, 2025 +157.49%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Apr 10, 2025 Mar 12, 2025 +62.80%
Congress pfp
Ro Khanna D / House
NEM logo
NEM NEWMONT CORP CMN
Purchase $1,001 - $15,000
Apr 10, 2025 Mar 06, 2025 +173.24%
Congress pfp
Bruce Westerman R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Apr 16, 2025 Mar 03, 2025 +74.63%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Mar 06, 2025 Feb 25, 2025 +70.24%
Congress pfp
Robert Bresnahan R / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Mar 27, 2025 Feb 25, 2025 +70.24%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Mar 06, 2025 Feb 19, 2025 +65.06%
Congress pfp
Julie Johnson D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Mar 12, 2025 Feb 12, 2025 +66.12%
Congress pfp
Ro Khanna D / House
NEM logo
NEM NEWMONT CORP CMN
Purchase $1,001 - $15,000
Feb 06, 2025 Jan 22, 2025 +195.64%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Oct 03, 2024 Sep 24, 2024 +20.31%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Purchase $1,001 - $15,000
Sep 06, 2024 Aug 05, 2024 +34.25%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Purchase $1,001 - $15,000
Sep 06, 2024 Aug 02, 2024 +33.86%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
Aug 15, 2024 Jul 19, 2024 +23.66%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Aug 07, 2024 Jul 02, 2024 +15.07%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Aug 07, 2024 Jul 01, 2024 +15.13%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Jul 09, 2024 Jun 18, 2024 +18.01%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Sale $1,001 - $15,000
Jun 05, 2024 May 29, 2024 -1.10%
Congress pfp
Ro Khanna D / House
FCX logo
FCX FREEPORT-MCMORAN INC CMN
Purchase $1,001 - $15,000
Jun 05, 2024 May 28, 2024 -2.26%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Purchase $1,001 - $15,000
May 15, 2024 Apr 29, 2024 -4.35%
Congress pfp
Ro Khanna D / House
NEM logo
NEM NEWMONT CORP CMN
Purchase $1,001 - $15,000
Apr 05, 2024 Mar 25, 2024 +247.43%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC. COMMON STOCK
Sale $1,001 - $15,000
Mar 07, 2024 Feb 29, 2024 +45.42%