A joint resolution 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 "Grand Staircase-Escalante National Monument Record of Decision and Approved Resource Management Plan".

S.J. Res. 109, introduced on March 4, 2026, by Senator Lee (R-UT) and co-sponsored by one other legislator, aims to disapprove a Bureau of Land Management rule that currently restricts resource extraction in the Grand Staircase-Escalante National Monument. This joint resolution, which has a companion bill (H.J. Res. 151) in the House, is currently in the early stages of the legislative process, having been referred to the Senate Committee on Energy and Natural Resources. The bill itself does not authorize or appropriate any specific funding. Instead, it seeks to remove a regulatory restriction. If S.J. Res. 109 were to pass both chambers of Congress and be signed into law, it would eliminate the existing rule, thereby opening up the Grand Staircase-Escalante National Monument for potential energy and mineral development. This would create new opportunities for companies involved in resource extraction, as it would expand the available land for exploration and production. The mechanism of impact is regulatory relief, not direct financial allocation. Structural winners, should this bill become law, would be companies in the Energy and Basic Materials sectors that engage in oil and gas exploration, as well as mineral mining. These include major integrated oil and gas companies like Exxon Mobil Corporation ($XOM) and Chevron Corporation ($CVX), independent exploration and production companies such as EOG Resources, Inc. ($EOG), and mining companies like Freeport-McMoRan Inc. ($FCX), Rio Tinto Group ($RIO), and BHP Group Limited ($BHP). These companies would benefit from increased access to potential reserves. There are no clear structural losers identified by this bill, as it primarily removes a restriction rather than imposing new ones. Recent market data for these companies shows mixed performance over the past week and month. Over the last 7 days, Exxon Mobil Corporation ($XOM) is down 4.72%, Chevron Corporation ($CVX) is down 5.62%, and EOG Resources, Inc. ($EOG) is down 4.56%. In contrast, Freeport-McMoRan Inc. ($FCX) is up 11.71%, Rio Tinto Group ($RIO) is up 5.84%, and BHP Group Limited ($BHP) is up 5.46% over the same period. Over the last 30 days, Exxon Mobil Corporation ($XOM) is up 8.36%, Chevron Corporation ($CVX) is up 4.72%, and EOG Resources, Inc. ($EOG) is up 9.17%, while Freeport-McMoRan Inc. ($FCX) is down 2.57%, Rio Tinto Group ($RIO) is up 0.69%, and BHP Group Limited ($BHP) is down 3.72%. The current market performance does not directly reflect the early-stage legislative action of S.J. Res. 109, as the bill's impact is still highly speculative. For S.J. Res. 109 to become law, it must pass the Senate Committee on Energy and Natural Resources, then be approved by the full Senate, then pass the House of Representatives (likely through its companion bill H.J. Res. 151), and finally be signed by the President. Given its early stage and the potential for environmental opposition, the timeline for passage is uncertain and likely extended.