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Critical Minerals Investment Tax Modernization Act of 2025

8/6/2025, 6:49 PM

Summary of Bill HR 4772

H.R. 4772, introduced in the 119th Congress on July 25, 2025, seeks to amend the Internal Revenue Code of 1986 specifically to modify the percentage depletion rate applicable to certain rare earth elements.

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Current Status of Bill HR 4772

Bill HR 4772 is currently in the status of Bill Introduced since July 25, 2025. Bill HR 4772 was introduced during Congress 119 and was introduced to the House on July 25, 2025.  Bill HR 4772's most recent activity was Referred to the House Committee on Ways and Means. as of July 25, 2025

Bipartisan Support of Bill HR 4772

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
1
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4772

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4772

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

Comments

Ronan Sharma profile image

Ronan Sharma

431

4 months ago

Looks like this could be interesting. Let's see how it plays out.

Sponsors and Cosponsors of HR 4772

Adrian Smith
Adrian Smith
NebraskaRepublican
Guy Reschenthaler
Guy Reschenthaler
PennsylvaniaRepublican
Jimmy Panetta
Jimmy Panetta
CaliforniaDemocrat

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