Bond Improvement and Reclamation Assurance Act of 2026
Referred to the House Committee on Natural Resources.
Summary
The bill amends the 1977 Surface Mining Control and Reclamation Act to require larger, adjustable performance bonds before a coal mine permit is issued. It sets a minimum bond amount, ties bond levels to site conditions, inflation and possible early closures, and makes owners with a 30% stake jointly liable for reclamation costs. The goal is to ensure that abandoned mines are properly restored even if the operator defaults.
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