Crow Revenue Act
Summary
The Crow Revenue Act (HR725) is an active bill in the 119th Congress that exchanges specific mineral interests in Montana among the federal government, the Crow Tribe, and the Hope Family Trust. As a land exchange bill with no authorized spending or tax changes, it has no direct market impact on publicly traded companies. The bill has cleared committee and been placed on the Union Calendar, but no floor vote has occurred and no companion Senate bill has advanced.
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Key Takeaways
- 1.No public company is directly affected by this bill
- 2.The bill authorizes no funding and creates no tax incentives
- 3.Legislative path remains uncertain with no floor schedule
Market Implications
No market implications. No public companies are named in the bill text, and the affected mineral interests are not owned or operated by any publicly traded entity. The coal lease in question (Bull Mountains Lease) is operated by privately held Signal Peak Energy.
Full Analysis
HR725, the Crow Revenue Act, is a narrow bill affecting only specific mineral and surface interests in Montana: the Bull Mountains Tracts (~4,530 acres subsurface + 940 acres surface in Musselshell County) and the Hope Family Tracts (~4,660 acres subsurface on the Crow Reservation in Big Horn County). The bill requires the Department of Interior to accept relinquishment of a federal coal lease (Bull Mountains Lease MTM-97988) and convey the Bull Mountains Tracts to the Hope Family Trust, while the Trust conveys the Hope Family Tracts to the Crow Tribe. No federal money is authorized or appropriated. The mechanism is purely a property exchange between sovereign/private parties. No publicly traded company is named or directly affected. Signal Peak Energy, the operator of the Bull Mountains Mine, is privately held. The bill's minimal market impact is confirmed by its status: it has been placed on the Union Calendar (Calendar No. 375) and received a committee report (H. Rept. 119-436) with an amendment reported on 2026-01-12. However, it requires full House passage, Senate passage, and presidential action to become law. No floor schedule is assigned. The companion bill S239 remains in committee. Political momentum is limited: the bill's sole sponsor is a junior majority member, and it has only one cosponsor.
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