Bill 118 hr 10378, also known as the Critical Mineral Reserve of the United States Act, aims to establish a reserve of critical minerals within the United States. Critical minerals are essential for various industries, including technology, defense, and energy. The bill seeks to reduce the country's reliance on foreign sources for these minerals by promoting domestic production.
The legislation outlines the process for identifying and designating critical minerals, as well as establishing a reserve to ensure a stable supply for national security and economic purposes. The bill also includes provisions for research and development of new technologies to extract and process critical minerals more efficiently and sustainably.
Additionally, the bill addresses environmental concerns by requiring the Secretary of the Interior to conduct environmental reviews and assessments before approving any mining activities within the reserve. It also includes provisions for reclamation and restoration of mined areas to minimize environmental impact.
Overall, the Critical Mineral Reserve of the United States Act aims to strengthen the country's mineral security, promote domestic production, and address environmental concerns related to mining activities.