Bill > S3659

This bill, the SECURE Minerals Act of 2026, aims to establish a Strategic Resilience Reserve of the United States to secure essential and critical minerals and elements. The Act recognizes the vital role of these minerals in national and economic security, particularly in sectors like defense, energy, and technology, and highlights concerns about the People's Republic of China's significant control over global supply chains, which can lead to market manipulation and price instability detrimental to U.S. interests. To address these vulnerabilities, the bill proposes creating a government corporation, the Strategic Resilience Reserve Corporation, overseen by a Board of Governors appointed by the President. This Reserve will be empowered to identify eligible critical minerals and materials, collect data on global markets, assess risks and vulnerabilities, and implement production standards. Its core functions include financing and acquiring critical minerals and materials through various mechanisms like loans to authorized intermediaries, direct acquisitions, and non-recourse lending to projects, with a focus on supporting domestic and partner country production, recycling, reuse, and repurposing efforts. The Act also mandates annual audits, Comptroller reviews, and public reporting to ensure transparency and accountability, while establishing risk and audit committees to oversee the Reserve's operations and compliance.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/3659/all-info