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.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
PANTEXAS DETERRENCE, LLC: $3.5B Department of Energy Contract
FERMI FORWARD DISCOVERY GROUP, LLC: $2.4B Department of Energy Contract
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Coal Supply Chains and Baseload Power Generation Capacity
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Domestic Petroleum Production, Refining, and Logistics Capacity
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Development, Manufacturing, and Deployment of Large-Scale Energy and Energy‑Related Infrastructure
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity
Presidential Memorandum: Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Grid Infrastructure, Equipment, and Supply Chain Capacity
Proclamation: Further Adjusting the Tariff Regimes for Imports of Aluminum, Steel, and Copper into the United States
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Further Adjusting the Tariff Regimes for Imports of Aluminum, Steel, and Copper into the United States
This proclamation modifies existing Section 232 tariffs on aluminum, steel, and copper imports by expanding the list of derivative products eligible for a reduced 15% duty to include agricultural equipment and residential HVAC systems, temporarily reducing tariffs on mobile industrial equipment, adding aluminum lithographic plates and steel racks to the derivative tariff coverage, and lowering the threshold for products to qualify as made 'entirely' from American metals from 95% to 85%.
Approving Critical Position Pay Authority for National Security Investment Workforce
This memorandum authorizes the Office of Personnel Management to allocate up to 400 critical positions with pay up to $400,000 to recruit specialized talent for national security investment programs, focusing on critical minerals, advanced materials, and strategic supply chains. It directs OPM and OMB to oversee allocation and ensure pay is used only to recruit or retain exceptionally qualified individuals. The action aims to accelerate domestic mineral production and reduce foreign dependence.
Removing Unnecessary and Counterproductive Restrictions on Access to Federal Lands
This executive order rescinds two 1970s-era executive orders (11644 and 11989) that required federal agencies to use vague environmental and social criteria when designating off-road vehicle use on federal lands. It directs the Secretaries of War, Interior, Agriculture, the TVA Board, and other relevant agency heads to initiate rulemakings to remove or revise regulations based on those criteria, aiming to increase access for energy, timber, utility maintenance, and recreation.