Bill > S789

This bill establishes a comprehensive framework for monitoring and strategizing critical mineral and rare earth element resources globally. It requires the Secretary of the Interior to submit detailed biennial reports to Congress that assess the global landscape of critical minerals and rare earth elements, including their ownership, control, and extraction. These reports must identify which resources are controlled by foreign entities of concern, owned by the United States or its allies, and provide detailed information about existing mines, including their output, remaining mineral volumes, and beneficial owners. The bill also mandates the development of a strategy to collaborate with allied countries on advanced mining, refining, separation, processing, and recycling technologies, with a focus on sharing intellectual property to enable technological advancement. Additionally, the bill establishes a process for United States persons to notify the government when they intend to divest stock in mining operations in foreign countries, with the goal of preventing critical mineral assets from falling under the control of potentially adversarial nations. The bill defines key terms such as "critical minerals," "rare earth elements," and "foreign entity of concern" to provide clarity and specificity to its provisions.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/789/all-info