Critical Minerals Security: Reports and Strategies for the US
This Act aims to enhance the security of critical mineral and rare earth element supplies for the United States. It mandates regular reporting on global resources of these materials and the development of a strategy for advanced mining and processing technologies. This initiative seeks to ensure greater stability in access to products relying on these resources, impacting various economic and technological sectors for citizens.
Key points
The U.S. government will regularly assess global critical mineral and rare earth element resources, including those controlled by foreign entities of concern.
The Act aims to develop new mining and processing technologies, potentially leading to job creation and industrial innovation.
It establishes a process to assist U.S. persons divesting from foreign mining operations to find purchasers not controlled by covered nations.
It seeks to strengthen collaboration with allies to secure critical mineral supplies, impacting economic stability and national security.
Expired
Additional Information
Print number: 118_HR_7662
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2024-03-13