Bill 118 HR 8912, also known as the Securing America's Titanium Manufacturing Act of 2024, aims to strengthen the United States' domestic titanium manufacturing industry. The bill recognizes the importance of titanium in various industries, including aerospace, defense, and medical technology, and seeks to reduce the country's reliance on foreign sources for this critical material.
The bill includes provisions to support research and development in titanium manufacturing, as well as investments in infrastructure and workforce development. It also calls for the establishment of a national strategy to promote the growth of the domestic titanium industry and ensure its competitiveness in the global market.
Additionally, the bill includes measures to enhance supply chain security and resilience, including the development of a secure supply of raw materials and the promotion of domestic production of titanium. It also aims to address environmental concerns related to titanium manufacturing, such as reducing waste and emissions.
Overall, the Securing America's Titanium Manufacturing Act of 2024 seeks to strengthen the United States' position as a leader in titanium manufacturing and ensure the country's national security and economic competitiveness in the years to come.