Bill > HR7126

This bill, titled the "Securing Essential and Critical U.S. Resources and Elements Minerals Act of 2026" or "SECURE Minerals Act of 2026," establishes a Strategic Resilience Reserve Corporation of the United States to address vulnerabilities in the supply chain of critical minerals and materials, which are essential for national security and economic sectors like manufacturing, energy, and technology. The bill highlights concerns about foreign control, particularly by the People's Republic of China, over global supply chains, leading to price manipulation and hindering domestic production. To counter this, the Reserve will be governed by a Board of Governors and will be responsible for identifying eligible critical minerals and materials, collecting data on global markets, assessing risks and vulnerabilities, and promoting domestic and partner country production, processing, recycling, reuse, and repurposing of these materials. The Reserve is authorized to provide financing and acquisition tools, such as loans to approved intermediaries, to support projects that meet specific standards for transparency, environmental, and labor practices, and to ensure a stable and competitive market for these vital resources. The bill also includes provisions for oversight, accountability, and transparency, with annual audits and public reporting on the Reserve's operations and transactions.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/7126/all-info