Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, Natural Resources, Energy and Commerce, Armed Services, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill authorizes the U.S. Trade Representative to establish a "Critical Minerals Security Alliance" with allied countries to reduce American reliance on China for critical minerals used in batteries, semiconductors, and magnets. Member countries must impose tariffs matching U.S. tariffs on Chinese minerals, eliminate tariffs among themselves, strengthen investment screening, and combat forced labor and fraud. Once Congress approves a country's membership (or takes no action within 90 days), that country gains duty-free access to U.S. markets for critical minerals and related products. The bill creates a trust fund from import duties on critical minerals, dedicating 60% to the Department of Energy for domestic mining and processing projects, 20% to the Department of Defense, and 20% to development financing for Alliance members. Congressional approval is required before the Trade Representative can modify alliance membership or terms.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.