Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Land Management relating to Public Land Order No. 7917 for Withdrawal of Federal Lands; Cook, Lake, and Saint Louis Counties, MN.
Summary
H.J. Res. 140, which nullifies Public Land Order 7917, has been presented to the President for signature. If signed, this resolution will remove protections on 225,504 acres in Minnesota, allowing for mineral and geothermal leasing and development.
Key Takeaways
- 1.H.J. Res. 140 has been presented to the President for signature, indicating it is in the final stage of the legislative process.
- 2.The resolution nullifies Public Land Order 7917, opening 225,504 acres in Minnesota for mineral and geothermal leasing.
- 3.This action provides regulatory relief for the Materials and Energy sectors, potentially increasing access to natural resources in the region.
Market Implications
The potential signing of H.J. Res. 140 by the President would create new opportunities for companies in the Materials and Energy sectors. By removing the 20-year withdrawal on 225,504 acres of federal land in Minnesota, the resolution directly expands the addressable market for mineral and geothermal exploration and development. Companies with existing operations or strategic interests in these resources within the Great Lakes region could see increased potential for new leases and projects, leading to long-term revenue opportunities.
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CLEAN Act
To provide for the leasing of certain deposits of minerals located within the City of Carlsbad, New Mexico.