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Reports on Foreign Mining Investments and Critical Minerals

This act requires the U.S. government to produce reports on Russian and Chinese investments in global mining. The goal is to assess the impact of these activities on U.S. national security and economic interests. Additionally, the act modifies the rules for reviewing the list of critical minerals, which could affect the availability and prices of certain products.
Key points
The U.S. government will regularly monitor and report on Russia's and China's involvement in the global mining and processing industries.
Reports will evaluate threats to U.S. security and economy stemming from these investments.
Rules for reviewing the list of critical minerals have been changed, potentially impacting strategies for their acquisition and availability.
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Additional Information
Print number: 117_HR_8911
Sponsor: Rep. Calvert, Ken [R-CA-42]
Process start date: 2022-09-20