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Secure Critical Minerals Supply: Less Reliance on China

This act aims to reduce the United States' reliance on China for critical minerals essential to many industries. By partnering with allies like Australia, Japan, and India, a more stable supply chain is intended to be created. This could impact product price stability and the availability of goods relying on these minerals, indirectly affecting every citizen.
Key points
Enhancing the security of critical mineral supplies for US industries.
Collaborating with Australia, Japan, and India to develop new mineral sources.
Investing in mineral extraction and processing within the US and allied countries.
Reducing the risk of supply disruptions, potentially stabilizing markets and prices.
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Additional Information
Print number: 117_S_3962
Sponsor: Sen. Lankford, James [R-OK]
Process start date: 2022-03-30