Major Investors Bet Big on This "Unlisted" Stock

When the former Zillow exec whose first venture sold for $120M starts a new company, people notice. No wonder the VCs behind Uber and eBay also backed Pacaso. Their platform sells fractions of premier properties, rewriting a $1.3T market. And it works, earning over $110M in gross profit to date.

Republicans move to lift drilling and mining restrictions in Western states

MATTHEW BROWN
September 04, 2025

BILLINGS, Mont. (AP) -- Republican lawmakers in Congress are clearing the way for President Donald Trump's plans to expand mining and drilling on public lands by moving to eliminate energy development limits in several Western states.

House Republicans on Wednesday night repealed land management plans adopted in the closing days of former President Joe Biden's administration that restricted development in large areas of Alaska, Montana and North Dakota.

Biden's goal was in part to reduce climate-warming emissions from the burning of fossil fuels. Under Trump, Republicans are casting aside those aspirations as they open more taxpayer-owned land to development, hoping to create more jobs and revenue.

"This is a great day for Americans across the country as we continue our work to unleash our natural resources, support local economies and communities and strengthen our energy and national security," said Arkansas Republican Rep. Bruce Westerman, who chairs the House Natural Resources Committee.

The Republican-majority Senate must still approve the House action, and some lawmakers already have expressed support.

Trump officials in July announced their intention to undo the Biden-era land use plans with the aim of opening more areas to mining and development. That could take months or even years through the usual rulemaking process.

By contrast, a Congressional repeal would go into effect quickly, setting the stage for the administration to execute pending proposals to sell tens of millions of tons of coal beneath public lands in Montana and North Dakota.

In Alaska, Republicans said the repeal of the Biden-era plan would remove barriers for oil and gas drilling and a pipeline in the central Yukon region.

Democrats had urged rejection of the repeals, which were accomplished using a procedure known as the Congressional Review Act that gives lawmakers a chance to undo actions taken in the closing days of a presidency.

Wednesday's votes marked the first time Congress has used the review act in a bid to overturn a land use plan, said Rep. Joe Neguse, a Colorado Democrat.

"Republicans preside over an economy in which everything is getting more expensive," Neguse said during debate on the measures. "Their answer to all of this? More coal."

An earlier attempt by Republicans to open more lands to development called for the sale of more than 2 million acres (809,372 hectares) of federal lands to states or other entities. That proposal, from Utah Republican Sen. Mike Lee, was excluded from the GOP's big tax and spending cuts bill after fierce opposition from some fellow Republicans.

The Bureau of Land Management, which is part of the Interior Department, oversees the lands covered by the disputed management plans.

The land agency on Tuesday announced a separate proposal aimed at increasing mining and drilling in Western states with populations of greater sage grouse. Populations of the ground-dwelling birds have been declining for decades because of disease and habitat lost to energy development, grazing and wildfires.

Biden administration officials proposed limits on development and prohibitions against mining to help protect grouse. However, the Democrat's four-year term ended before many of those measures were finalized.

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