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Securing Critical Minerals: Prohibiting Sales to Foreign Entities of Concern

This act aims to ensure that important minerals extracted on U.S. federal lands are not sold or transferred to entities that could pose a national security risk. This means companies extracting these minerals will need to report who they sell to, and the government can deny permits if rules are broken. It introduces new obligations for businesses but seeks to strengthen national security by controlling strategic resources.
Key points
Prohibits the sale of critical minerals extracted on U.S. federal lands to foreign entities deemed a national security concern.
Companies extracting minerals must annually report who purchased their minerals and certify that the buyer is not a foreign entity of concern.
The government can deny or revoke permits for companies that violate these rules or fail to provide complete and accurate reports.
Administrative, civil, and criminal penalties will be established for violations of the sales prohibition or reporting failures.
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Expired
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Additional Information
Print number: 118_HR_5021
Sponsor: Rep. McCollum, Betty [D-MN-4]
Process start date: 2023-07-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securing American Critical Minerals Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5021.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-27.

What are the main provisions?

Key points include:

  • Prohibits the sale of critical minerals extracted on U.S. federal lands to foreign entities deemed a national security concern.
  • Companies extracting minerals must annually report who purchased their minerals and certify that the buyer is not a foreign entity of concern.
  • The government can deny or revoke permits for companies that violate these rules or fail to provide complete and accurate reports.
  • Administrative, civil, and criminal penalties will be established for violations of the sales prohibition or reporting failures.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McCollum, Betty [D-MN-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Natural Resources.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security