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Expanding the Definition of Critical Minerals to Secure Key Materials.

This law expands the official definition of "critical minerals" to include additional "critical materials" essential for technology and domestic production. The goal is to apply existing government support and policies to a wider range of raw materials. This change aims to strengthen domestic supply chains, potentially stabilizing the cost and availability of modern products like batteries and electronics.
Key points
The federal definition of "critical mineral" is expanded to include "critical materials" as determined by the Secretary of Energy.
This change broadens the scope of resources eligible for support under the Energy Act of 2020.
The Secretary of Energy must update the official list of critical minerals within 45 days of identifying a new critical material.
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Additional Information
Print number: 118_S_5274
Sponsor: Sen. Sinema, Kyrsten [I-AZ]
Process start date: 2024-09-25