Act to Secure Critical Supply Chains and Boost Domestic Manufacturing
This legislation aims to secure the U.S. supply of critical materials needed for technology and energy by funding domestic mining and manufacturing. It offers loans and tax credits to businesses, which is expected to create jobs and reduce reliance on foreign imports while promoting sustainable practices.
Key points
Establishes loan programs to finance facilities for mining, processing, and recycling critical materials.
Creates new tax credits for companies investing in critical material production and infrastructure.
Mandates prevailing wages and supports workforce training and apprenticeship programs.
Allocates funding for research into sustainable mining practices and material substitutes.
Status:
Introduced
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