Bill > HR4350

This bill establishes a comprehensive strategy to strengthen the United States' critical materials supply chain through multiple interconnected approaches. The bill creates a National Center for Secure and Transparent Critical Material Supply Chains within the Department of Commerce to study and advance critical material supply chain capabilities, including establishing a loan program to support domestic and foreign critical materials manufacturing facilities. The legislation includes tax credits for critical material investments and production, with higher credit rates for facilities meeting specific environmental, labor, and national security criteria. The bill also authorizes significant research and development funding across multiple federal agencies, including the National Science Foundation, Department of Energy, and National Institute of Standards and Technology, to support innovative technologies for critical material extraction, processing, recycling, and workforce development. Key provisions include prioritizing domestic manufacturing, promoting environmental sustainability, protecting worker rights, and reducing reliance on foreign supply chains, particularly from countries of concern. The bill includes substantial funding authorization, with loan authority increasing from $1 billion in fiscal year 2026 to $10 billion in fiscal year 2030, and is designed to expire 10 years after enactment, reflecting a comprehensive and time-limited approach to addressing critical materials supply chain challenges.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/4350/all-info