Securing Critical Mineral Supply for US Technology and Economy
This act aims to enhance US economic and national security by ensuring a reliable supply of minerals vital for advanced technologies. Citizens may experience the impact through stable prices for tech products and a stronger domestic industry, potentially leading to job creation and overall economic growth.
Key points
Enables new trade agreements with other countries to secure access to critical minerals and rare earth elements.
Establishes negotiation guidelines for these agreements, including worker rights and environmental protection, while excluding foreign entities of concern from benefits.
Amends the definition of "domestic source" in the Defense Production Act, potentially allowing companies from partner countries to be treated as domestic for mineral supplies under specific conditions.
Introduced
Citizen Poll