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H.R. 4772

U.S. House•In House Committee

Summary

H.R. 4772, the Critical Minerals Investment Tax Modernization Act of 2025, was introduced in the House on Jul 25, 2025 by Rep. Adrian Smith (R) with 3 co-sponsors. It was referred to Ways And Means, and last saw action on Jul 25, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 4772 has 3 co-sponsors.

hb4772/introduced-in-house.txt
119 HR 4772 IH: Critical Minerals Investment Tax Modernization Act of 2025
 U.S. House of Representatives
 2025-07-25
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 4772  IN THE HOUSE OF REPRESENTATIVES   July 25, 2025   Mr. Smith of Nebraska  (for himself,  Mr. Panetta , and  Mr. Reschenthaler ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.
1.
Short title
This Act may be cited as the   Critical Minerals Investment Tax Modernization Act of 2025  .
2.
Adjustment of percentage depletion rate for certain rare earths
(a)
22 percent depletion rate
 Section 613(b)(1)(B)  of the Internal Revenue Code of 1986 is amended by inserting  rare earths (in this subparagraph defined as the 15 lanthanide elements), scandium,  before  tantalum .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-07-25
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.

Sponsors

Rep. Adrian Smith (R) sponsors H.R. 4772, and 3 members have co-sponsored it, 2 of them from the day it was introduced.

Committees

H.R. 4772 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jul 25, 2025 · 1,160 Bills

Actions

H.R. 4772 has taken 2 actions since Jul 25, 2025.

ChamberAction
Jul 25, 2025
House
Introduced in House
Jul 25, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 4772 has not gone to a roll call.

1 bill is related to H.R. 4772.

Titles

H.R. 4772 goes by 3 titles, 1 of them short titles.

  • Critical Minerals Investment Tax Modernization Act of 2025 — Display Title
  • Critical Minerals Investment Tax Modernization Act of 2025 — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes. — Official Title as Introduced

Lobbying

2 clients hired 2 firms and 8 registered lobbyists who named H.R. 4772 in 9 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Natural Resources, Defense, Budget/Appropriations, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
ELK CREEK RESOURCES CORP.Critical minerals mining and processingColorado15$100K
NIOCORP DEVELOPMENTS LTDCritical mineral mining and processing companyColorado14$200K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ELK CREEK RESOURCES CORP.15$100K
NAVIGATORS GLOBAL LLC (FORMERLY DC NAVIGATORS, LLC)14$200K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JAMES SIMS115
ANDY KEISER114
CESAR CONDA114
JAMES CARTER114
NICHOLAS SADOSKI114
RYAN BERGER114
SARAH (BEATTY) ROGERS114
RYAN SARAH111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NIOCORP DEVELOPMENTS LTDNAVIGATORS GLOBAL LLC (FORMERLY DC NAVIGATORS, LLC)2026 second_quarter$50K2nd Quarter - Report
NIOCORP DEVELOPMENTS LTDNAVIGATORS GLOBAL LLC (FORMERLY DC NAVIGATORS, LLC)2026 first_quarter$50K1st Quarter - Report
NIOCORP DEVELOPMENTS LTDNAVIGATORS GLOBAL LLC (FORMERLY DC NAVIGATORS, LLC)2025 fourth_quarter$50K4th Quarter - Amendme…
NIOCORP DEVELOPMENTS LTDNAVIGATORS GLOBAL LLC (FORMERLY DC NAVIGATORS, LLC)2025 fourth_quarter$50K4th Quarter - Report
ELK CREEK RESOURCES CORP.ELK CREEK RESOURCES CORP.2026 second_quarter$20K2nd Quarter - Report
ELK CREEK RESOURCES CORP.ELK CREEK RESOURCES CORP.2026 first_quarter$20K1st Quarter - Report
ELK CREEK RESOURCES CORP.ELK CREEK RESOURCES CORP.2025 fourth_quarter$20K4th Quarter - Report
ELK CREEK RESOURCES CORP.ELK CREEK RESOURCES CORP.2025 third_quarter$20K3rd Quarter - Report
ELK CREEK RESOURCES CORP.ELK CREEK RESOURCES CORP.2025 second_quarter$20K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 4772 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 4772’s is Taxation.

hr4772/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 4772, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 128 (Friday, July 25, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SMITH of Nebraska:H.R. 4772.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1 of the Constitution[Page H3656]

Source: congress.gov · legiscan.com