Accelerating US Offshore Critical Minerals Extraction and Supply Chain Security
This Act aims to boost US economic and national security by accelerating the extraction of critical minerals (like nickel, cobalt, and copper) from the seabed. It mandates faster permitting for US companies for exploration and commercial recovery, reducing reliance on foreign adversaries for essential defense and energy resources. These changes are intended to stabilize supply chains for advanced technologies, requiring new seabed mapping plans and international partnerships.
Key points
Expedited Permitting: Establishes a fast-track process for issuing licenses and permits for US companies to explore and commercially recover seabed critical minerals.
Resource Independence: Aims to reduce US dependence on foreign suppliers for critical minerals vital for defense, infrastructure, and energy sectors.
Mapping and Identification: Requires developing a plan to map priority seabed areas and identify critical minerals essential for national security applications.
International Partnerships: Mandates engagement with allies to support seabed mineral development and counter the growing influence of China in this sector.
Introduced
Additional Information
Print number: 119_S_2860
Sponsor: Sen. Sheehy, Tim [R-MT]
Process start date: 2025-09-18