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Critical Minerals Council Established to Secure Domestic Supply Chains and Reduce Foreign Reliance.

This act establishes the National Critical Minerals Council within the Executive Office of the President to create a strategy for reducing US reliance on foreign adversaries for essential mineral imports. The Council's work aims to stabilize supply chains crucial for modern technology and national defense. This effort is intended to support long-term economic stability and ensure the availability of consumer goods like electronics and batteries.
Key points
Creation of a new high-level government council, chaired by the Vice President, to coordinate federal mineral and mining policy.
Primary objective is to reduce vulnerabilities and single points of failure in critical mineral supply chains.
The Council will coordinate federal research funding and track investments made by foreign adversaries in the global mineral sector.
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Additional Information
Print number: 118_S_5030
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2024-09-12