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Support for Domestic Critical Materials: Enhancing Security and Stability

This act establishes a pilot program to support the processing of critical materials within the U.S. Its aim is to reduce reliance on foreign suppliers, enhancing energy and national security. The program seeks to stabilize prices and ensure consistent supplies of essential materials for various industries, contributing to economic stability.
Key points
Financial support for U.S. companies processing critical materials to boost domestic production.
Reducing the risk of supply shortages for important materials, potentially affecting product prices and technology availability.
The program will run for 5 years, evaluating the best ways to support the domestic raw materials industry, with a budget of $750 million.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_596
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2025-02-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Critical Materials Future Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_596.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-13.

What are the main provisions?

Key points include:

  • Financial support for U.S. companies processing critical materials to boost domestic production.
  • Reducing the risk of supply shortages for important materials, potentially affecting product prices and technology availability.
  • The program will run for 5 years, evaluating the best ways to support the domestic raw materials industry, with a budget of $750 million.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Public Investments Security