S 5451
STRATEGIC Minerals Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Strategic Minerals Act aims to bolster U.S. economic and national security by securing a reliable supply of critical minerals and rare earth elements. It directs the government to explore and potentially negotiate covered free trade agreements with other countries, focusing on these minerals. The bill also establishes a process for Congress to be briefed on these agreements and authorizes the President to pursue them, subject to congressional consultation. Finally, it modifies a Defense Production Act provision to prioritize domestic businesses involved in processing these minerals, ensuring they aren’t controlled by foreign entities of concern.
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