Bond Improvement and Reclamation Assurance Act
Official: Bond Improvement and Reclamation Assurance Act of 2026
This bill updates rules for mining companies to ensure they have enough money set aside to restore land after mining. It aims to protect the environment and public funds by making sure reclamation costs are covered.
1. This bill requires mining companies to provide bonds to cover land reclamation costs. 2. The bond amount will consider factors like inflation and the difficulty of restoring the land. 3. It adjusts bond amounts when permits change hands or when reclamation costs change. 4. The bill ensures that mining companies remain responsible for land restoration even after selling permits. 5. It sets a minimum bond amount that will increase with inflation.
Mining companies and the communities living near mining sites will be directly affected by these changes.