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The Chinese Communist Party is aggressively attempting to monopolize critical mineral resources, and the United States urgently needs to diversify our supply chain and strengthen ties with our allies. I recently joined several of my colleagues in introducing the Critical Minerals Security Act, which would help the U.S. secure access to critical mineral supply chains and counter Chinese dominance in the industry.
Our legislation would respond to China’s actions by better tracking global mineral reserves and devising a national strategy for advancing mining technologies and international cooperation. The bill directs the U.S. Department of the Interior to evaluate the global supply and ownership of critical minerals operations in foreign countries, and develop a method for sharing intellectual property for clean mining and processing technologies with U.S. allies and partners. To help address existing information gaps, the Critical Minerals Security Act will also require the U.S. Secretary of the Interior to submit a report to Congress no later than one year after enactment and subsequently every two years, detailing all critical mineral and rare earth element resources internationally.
Click here to learn more about this legislation. |