This bill requires the Secretary of the Interior, working with the Secretary of Energy and other agencies, to produce regular reports and to build a strategy about critical minerals and rare earth elements. The reports, first due within 1 year and every 2 years after, must list global supplies (including recycled materials), say who controls those supplies (including foreign entities of concern and allied countries), and give production and remaining-resource estimates for major mines. Reports must identify mine operators and ultimate beneficial owners when possible, list key foreign and allied mining entities, note cases where entities were forced to divest or were taken over by covered nations, and assess technical feasibility of mining and processing with existing advanced technology. Reports are unclassified but may include a classified annex.
The bill also requires the Secretary to create a process (within 1 year) that lets a United States person notify the Department before divesting stock in foreign mining, processing, or recycling operations and to provide help finding a purchaser not controlled by a covered nation. Separately, within 1 year the Secretary must develop a strategy to work with allied governments to develop advanced mining, refining, separation, processing, and recycling technologies and a method to share resulting intellectual property with allied governments so they can license and use those technologies. The Secretary must report annually on progress toward that strategy.
No publicly available information.
The bill directs agencies to identify global supplies of critical minerals and rare earth elements, clarify when those supplies are controlled by foreign entities of concern or by allies, help U.S. persons find acceptable buyers when divesting foreign holdings, and develop and share advanced mining and processing technologies with allied countries. It requires specific reports and timelines to inform Congress.
No publicly available information.