Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, 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 would impose economic sanctions on foreign individuals and companies that engage in significant business dealings with Afghanistan's rare earth mineral sector, which is controlled by the Taliban. The sanctions would take effect 180 days after the bill becomes law and would include freezing any U.S. assets belonging to targeted persons and denying them entry into the United States. However, the sanctions would not apply to the importation of goods into the United States, meaning rare earth minerals from Afghanistan could still be purchased if they don't involve direct transactions with the Taliban-affiliated sector. Violators would face penalties under existing U.S. economic sanctions law. The bill is designed to economically isolate Taliban-controlled mining operations while still allowing the U.S. to access critical rare earth minerals needed for technology and defense.
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