Bill > S3530

This bill, the Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022 (REEShore Act of 2022), aims to encourage the extraction and processing of rare earth metals in the United States. It directs the Secretary of the Interior and the Secretary of Defense to establish a strategic rare earth metals and rare earth metal products reserve, requires contractors providing rare earth metal permanent magnets to the Department of Defense to disclose the provenance of those magnets, restricts the use of Chinese-made rare earth metals in military technologies, and investigates potential unfair trade practices by the Chinese government related to rare earth metals. The bill also encourages U.S. allies to reduce their dependence on non-allied countries for rare earth metals.