Mr. Chairman, I rise to claim time in opposition to this amendment. Mr. Chairman, if you like the current 7- to 10-year timeframe to do mining permits in this country, then you will love this amendment; but this bill is all about making it…
Mr. Chairman, I rise to claim time in opposition to this amendment.
Mr. Chairman, if you like the current 7- to 10-year timeframe to do mining permits in this country, then you will love this amendment; but this bill is all about making it possible to do mining in this country and use our natural resources in a reasonable, commonsense way.
Other countries, like Australia and Canada, have a 2-year time cycle from beginning to end to get your application and permit done so you can begin mining. In this country, it's 7 to 10 years. That's why we have declining activity of the well-paying jobs that mining produces, the resources that are available from mining so we don't have to rely on countries like China.
This amendment would eviscerate, this amendment would gut, what this bill is trying to do. It's unnecessary because NEPA already applies. NEPA remains in force. This just allows needless and endless bureaucratic delays by allowing NEPA to do an environmental impact statement at almost every step in the whole process.
It is important to have a certainty of when the process is over so you know whether or not you can invest in a long-term project like this. Seven to 10 years is beyond any of our economic cycles. It is not feasible from a business standpoint to wait that long in a commodity market like minerals and metals to make these investment decisions. You to have certainty, you have to have closure, you have to have a time certain that you're done.
So the 30-month timeframe is critical. We respect and uphold NEPA. It remains in effect, but we get rid of the ability to do it at every step in the process.
This amendment would be a backward step and back to the current status quo which makes it harder to have
mining projects in this country with the jobs that they create, with the benefit to our economy that these minerals allow for.
Mr. Chairman, I would urge a strong ``no'' on this amendment, and I reserve the balance of my time.
Mr. Chairman, I yield myself such time as I may consume.
I would like to remind my colleague from Virginia that this administration has streamlined NEPA for several uses during its time in office for renewable energy projects, for highways, for the so-called ``stimulus'' that we had in 2007. So this administration at times, anyway, sees the need to balance the creation of jobs with protecting the environment, but not allowing environmental regulations to be used to endlessly delay projects.
Mr. Chairman, this amendment, I'm afraid, would endlessly delay the production of the projects that we need to produce critical and strategic minerals. For that reason I urge a ``no'' vote.
Mr. Chairman, may I inquire as to how much time I have left.
Mr. Chairman, I yield 1 minute to my colleague and friend from New Mexico, Representative Pearce.
Mr. Chairman, I yield myself the remainder of my time and say that if you think it's a good situation for the United States to be lumped in with Papua, New Guinea, dead last among mining countries in this world, as shown by a recent study, in that it takes 7 to 10 years to get mining projects off the ground, then you would like this amendment. But if you don't, if you think we can protect the environment at the same time as creating jobs and strike that balance, which this bill does, then you will vote ``no'' on this amendment and ``yes'' on H.R. 761.
I yield back the balance of my time.
I rise in opposition to this amendment.
Mr. Chairman, I appreciate the intention behind this amendment, and I thank the gentleman for offering it. I do want to reassure him, though, that the bill and current law already satisfy what he is after, so I would urge a ``no'' vote on this amendment.
Let me read specifically from the language of the bill. This is on page 9. I'm going to read a paragraph, and, hopefully, this will alleviate your concerns:
(g) Financial Assurance. The lead agency will determine the
amount of financial assurance for reclamation of a mineral
exploration or mining site, which must cover the estimated
cost if the lead agency were to contract with a third party
to reclaim the operations according to the reclamation plan,
including construction and maintenance costs for any
treatment facilities necessary to meet Federal, State or
tribal environmental standards.
So, in case the company goes bankrupt--in the worst case scenario--it has to post a bond, and I believe it's equal to 140 percent of what the reclamation cost would be.
We already have comprehensive regulations in addition to the bill language from the Bureau of Land Management and the U.S. Forest Service. These regulations have been revised during both the Clinton and Bush administrations so that, today, both BLM and Forest Service regulations require that exploration and mining activities have the resources necessary to ensure reclamation after it's over even if the company goes bankrupt.
I appreciate the intention behind this amendment, but I believe it is completely unnecessary. So, for that reason, Mr. Chairman, I would urge a ``no'' vote on the amendment.
I reserve the balance of my time.
May I inquire of the Chair how much time I have remaining.
Mr. Chairman, let me just summarize by saying that we already have it in current law and that it's already addressed in this bill that there must be adequate financial assurances given, including the posting of bonds to ensure that the reclamation can take place by contract for third parties if the company goes bankrupt or, for whatever reason, can't follow through. All of our western public land States also have comprehensive regulatory and bonding programs covering hard rock mining. That's in addition to the Federal laws and regulations. In many of these States, the Federal and State agencies work together to jointly manage the reclamation and bonding projects.
As of June of 2013, BLM, in conjunction with its State partners, currently holds more than $2.2 billion in financial assurances to reclaim potential mining sites around the U.S. So you can see this is an active and well-funded program that is in place. Under regulation, these holdings are reviewed and adjusted annually to make sure that costs won't spiral out of control if we have inflation or unforeseen contingencies. In some instances, mining companies are required to establish trust funds and to build them over the course of the mine life to ensure adequate funding for any long-term treatment facilities that might be necessary to meet Federal, State, or tribal environmental standards.
So I believe, Mr. Chairman, that there are already in place appropriate and adequate protections and regulations and that the bill respects that also. I respect the gentleman for his intentions on this amendment, but I believe that it is unnecessary, and for that reason, I would urge a ``no'' vote.
I yield back the balance of my time.
I thank the gentleman for yielding.
Mr. Chairman, nothing in this bill impacts the important multiple use mission of our Nation's public lands. One of the great stories of America is that our Nation recognizes the importance of balancing our land use for many different needs, including mineral and oil and gas development, renewable energy projects, grazing, timber harvests, hunting, fishing, recreation, and other important activities that bring economic vitality to our public lands.
This legislation doesn't change that. It simply addresses the long bureaucratic and burdensome permitting timelines required for mineral exploration and mine development by building on executive orders requiring coordination by regulatory agencies to process permits for infrastructure projects in a timely manner and without compromising environmental safeguards.
Mr. Chairman, I move that the Committee do now rise.