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.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.