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Critical Mineral Consistency Act of 2025
5/1/2025, 11:48 AM
Summary of Bill S 714
Bill 119 s 714, also known as the Critical Minerals Policy Act of 2021, aims to amend the Energy Act of 2020 by expanding the definition of critical minerals to include critical materials. This bill is designed to address the growing concern over the United States' reliance on foreign sources for essential minerals and materials that are crucial for various industries, including national security, technology, and infrastructure.
The bill seeks to promote domestic production of critical materials by streamlining the permitting process for mining projects and providing incentives for companies to invest in domestic production. By including critical materials in the definition of critical minerals, the bill aims to ensure that the United States has a stable and secure supply of these essential resources.
In addition to promoting domestic production, the bill also aims to improve coordination between federal agencies, industry stakeholders, and research institutions to develop a comprehensive strategy for addressing the United States' critical mineral and material needs. This includes conducting research and development to identify new sources of critical materials, as well as promoting recycling and reuse of these resources to reduce waste and reliance on foreign sources. Overall, Bill 119 s 714 is a bipartisan effort to strengthen the United States' critical mineral and material supply chain, enhance national security, and promote economic growth and innovation in key industries.
The bill seeks to promote domestic production of critical materials by streamlining the permitting process for mining projects and providing incentives for companies to invest in domestic production. By including critical materials in the definition of critical minerals, the bill aims to ensure that the United States has a stable and secure supply of these essential resources.
In addition to promoting domestic production, the bill also aims to improve coordination between federal agencies, industry stakeholders, and research institutions to develop a comprehensive strategy for addressing the United States' critical mineral and material needs. This includes conducting research and development to identify new sources of critical materials, as well as promoting recycling and reuse of these resources to reduce waste and reliance on foreign sources. Overall, Bill 119 s 714 is a bipartisan effort to strengthen the United States' critical mineral and material supply chain, enhance national security, and promote economic growth and innovation in key industries.
Read the Full Bill
Current Status of Bill S 714
Bill S 714 is currently in the status of Bill Introduced since February 25, 2025. Bill S 714 was introduced during Congress 119 and was introduced to the Senate on February 25, 2025. Bill S 714's most recent activity was Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably. as of April 30, 2025
Bipartisan Support of Bill S 714
Total Number of Sponsors
5Democrat Sponsors
0Republican Sponsors
5Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
2Republican Cosponsors
3Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 714
Primary Policy Focus
EnergyAlternate Title(s) of Bill S 714
A bill to amend the Energy Act of 2020 to include critical materials in the definition of critical mineral, and for other purposes.
A bill to amend the Energy Act of 2020 to include critical materials in the definition of critical mineral, and for other purposes.
Comments
Sponsors and Cosponsors of S 714
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