Bill > HR7473

This bill, titled the "Critical Minerals and Manufacturing Support Act 2.0" (CMMSA 2.0), modifies the advanced manufacturing production credit, specifically for battery components, by increasing the credit amount for electrode active materials from 10% to 25%. It also introduces new content requirements, stating that qualifying battery components cannot contain applicable critical minerals extracted, processed, or recycled after December 31, 2026, by a prohibited foreign entity, which refers to certain foreign adversaries. Furthermore, the definition of electrode active material is expanded to include electrode active precursor materials, such as cobalt sulfate and lithium carbonate, and solid-state electrolytes, which are crucial for battery performance. The bill also designates certain silicon used in battery anodes as an applicable critical material and extends the phase-out period for applicable critical minerals (excluding metallurgical coal) from 2030 to 2041, with corresponding adjustments to phase-out percentages and years. These changes are intended to bolster domestic production of battery components and critical minerals essential for clean energy technologies.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/7473/all-info