To require the Secretary of the Interior to make reimbursement for certain damages incurred as a result of bonding regulations adopted by the Bureau of Land Management on February 28, 1997, and subsequently determined to be in violation of Federal law.

H.R. 1062 is a bill that would require the Department of the Interior to pay back individuals and businesses in Nevada for financial losses caused by specific federal mining regulations issued in 1997. These regulations, which concerned the financial guarantees (bonding) required for mining operations, were later ruled by a federal court to have been adopted in violation of the law.

Under this bill, affected parties could submit claims for damages, and the government would be required to issue reimbursements within 90 days unless it could prove the losses were unrelated to the overturned rules. If a claim is denied, the bill provides citizens the right to appeal the decision in state court or request a jury trial for disputes involving $20,000 or more.