U.S. Congress legislation · 119th Congress
HB10934: American Minerals Royalty and Investment Act of 2026
Status: In committee, October 29, 2026
To modify the requirements applicable to certain locatable minerals, and for other purposes.
What the bill says
To modify the requirements applicable to certain locatable minerals, and for other purposes.
From the introduced text, October 29, 2026:
A BILL To modify the requirements applicable to certain locatable minerals, and for other purposes. SECTION 1. Short title This Act may be cited as the American Minerals Royalty and Investment Act of 2026 . SECTION 2. Locatable mineral royalty (a) In general Except as provided in subsection (b), the gross income from the sale or removal of locatable minerals produced pursuant to a covered mining claim shall be subject to a royalty at a rate that-- (1) subject to paragraphs (2) and (3), the Secretary shall establish by regulation; (2) except as provided in paragraph (3)(B), shall be not less than 7 percent and not more than 10 percent of such gross income; and (3) may-- (A) vary based on the locatable mineral so produced; and (B) not be reduced under subsection (c)-- (i) by more than 2 percent of such gross income for each criterion described in paragraph (1) of that subsection that is met; or (ii) to less than 6 percent of such gross income. (b) Delayed royalty effective date for certain gross income If the production of a locatable mineral described in subsection (a) is carried out pursuant to a plan of operations or operations permit that was approved or issued, respectively, before the date of the enactment of this Act, the gross income from the …
Sponsors
- Teresa Fernandez (D, HD-NM-3) · primary sponsor
- Kathy Castor (D, HD-014)
- Jasmine Crockett (D, HD-030)
- Sylvia Garcia (D, HD-029)
- Jared Huffman (D, HD-CA-2)
- Norton, Eleanor (D, HD-000)
- Melanie Stansbury (D)
Latest actions
- : Referred to the House Committee on Natural Resources.
- : Introduced in House
Common questions
- What is HB10934?
- HB10934 is a bill in Congress (119th Congress): American Minerals Royalty and Investment Act of 2026.
- What does HB10934 do?
- In its own words: To modify the requirements applicable to certain locatable minerals, and for other purposes.
- What is the status of HB10934?
- In committee as of October 29, 2026. Latest action: Referred to the House Committee on Natural Resources. (October 29, 2026).
- Who sponsored HB10934?
- Teresa Fernandez (D, HD-NM-3), with 6 co-sponsors.
- Where is the official record for HB10934?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10934
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.