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S. 1130: Technology Grants to Strengthen Domestic Mining Education Act of 2025

This bill, titled the Technology Grants to Strengthen Domestic Mining Education Act of 2025, proposes to enhance education related to the mining industry in the United States through the establishment of a grant program. Here’s a breakdown of the key components of the bill:

Purpose of the Bill

The primary goal of the bill is to strengthen domestic mining education to ensure there is a skilled workforce ready to meet future energy and mineral needs. This initiative is deemed vital for the development of the mining industry in the country.

Grant Program

The Secretary of Energy, in consultation with the Secretary of the Interior, will:

  • Establish a grant program specifically aimed at enhancing education in the mining field.
  • Award competitive grants to mining schools in order to recruit and train future mining engineers and professionals.

Grant Details

Specifics regarding the grants include the following:

  • The program will provide up to 10 grants each year to qualifying mining schools.
  • Grant recipients will be selected based on geographic diversity, ensuring that various regional mining specialties can be developed.
  • A consideration of recommendations from the Mining Professional Development Advisory Board will play a role in the selection process.
  • Grants may only be awarded after the start of each fiscal year, and the allocation will take place within a specific timeline.

Use of Grant Funds

Institutions receiving grant funds must use them for:

  • Recruiting students to their mining programs.
  • Supporting initiatives related to mining technology, including:
    • Enhancing mineral extraction efficiency.
    • Focusing on critical minerals and rare earth elements.
    • Developing reclamation technologies for mining operations.
    • Improving methods for recycling and processing minerals to reduce environmental impacts.

Mining Professional Development Advisory Board

The bill creates a Mining Professional Development Advisory Board, which will consist of six members. The board is tasked with:

  • Evaluating grant applications and recommending recipients to the Secretary.
  • Proposing grant amounts for each selected recipient.
  • Ensuring that the grant funds are used as intended for educational purposes.

Members will include individuals from both the mining profession and academia with experience in mining education and training.

Funding Authorization

The bill authorizes $10 million in appropriations for each fiscal year from 2026 through 2033 to support the initiatives outlined in the grant program.

Repeal of Existing Legislation

Additionally, the bill includes a provision to repeal the Mining and Mineral Resources Institutes Act, indicating a shift in how mining education is structured and funded.

Relevant Companies

  • FCX (Freeport-McMoRan Inc.) - As a major player in the mining industry, this company might benefit from a larger pool of skilled workers entering the field due to enhanced mining education.
  • NEM (Newmont Corporation) - This company could see positive impacts from improvements in mining efficiency and reclamation technologies supported by the grants.
  • AEM (Agnico Eagle Mines Limited) - Enhanced mining education may lead to better-trained professionals in the industry, potentially benefiting companies like AEM through increased competitiveness and operational efficiency.

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

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Sponsors

12 bill sponsors

Actions

2 actions

Date Action
Mar. 25, 2025 Introduced in Senate
Mar. 25, 2025 Read twice and referred to the Committee on Energy and Natural Resources.

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
Jefferson Shreve R / House
NEM logo
NEM NEWMONT CORPORATION
Purchase $15,001 - $50,000
Apr 11, 2025 Mar 13, 2025 +18.82%
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 +11.29%
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 +9.41%
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 +7.60%
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 -18.91%
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 -18.40%
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 -21.49%
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 -36.06%
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 -9.05%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC.
Sale $1,001 - $15,000
Sep 16, 2023 Aug 21, 2023 -28.23%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC.
Sale $1,001 - $15,000
Aug 21, 2023 Jul 25, 2023 -34.74%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC.
Sale $1,001 - $15,000
Jul 11, 2023 Jun 15, 2023 -30.55%
Congress pfp
Josh Gottheimer D / House
FCX logo
FCX FREEPORT-MCMORAN, INC.
Sale $1,001 - $15,000
Jun 11, 2023 May 03, 2023 -31.45%