Securing Critical Minerals Supply Chains for Technology and National Defense.
This Act aims to boost US economic and national security by guaranteeing a reliable supply of critical minerals essential for advanced technology. It authorizes the negotiation of specialized trade agreements designed to reduce reliance on foreign entities of concern. For citizens, this means greater stability in the supply chain for technological goods and a stronger foundation for national defense industries.
Key points
Authorizes new trade agreements focused exclusively on critical minerals, explicitly excluding foreign entities of concern from benefiting.
Expands the definition of "domestic source" under the Defense Production Act to include trade partners, provided strict rules prevent minerals from reaching foreign entities of concern.
Requires that new trade agreements promote sustainable practices, ownership transparency, and adherence to core international labor standards.
Status:
Expired
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