Intergovernmental Critical Minerals Task Force Act

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Bill 119 s 823, also known as the "Critical Minerals and Rare Earth Metals Act," aims to address the United States' dependence on countries like the People's Republic of China for critical minerals and rare earth metals. These minerals are essential for various industries, including technology, defense, and energy.

The bill focuses on creating better coordination between different levels of government - State, local, Tribal, and territorial jurisdictions - and the Federal Government to develop strategies for reducing reliance on foreign sources for these critical minerals. By working together, the goal is to increase domestic production and ensure a stable supply chain for these essential resources.

In addition to promoting domestic production, the bill also aims to enhance research and development efforts to find alternative sources of critical minerals and rare earth metals. This includes investing in new technologies and innovation to reduce the United States' vulnerability to disruptions in the global supply chain. Overall, the Critical Minerals and Rare Earth Metals Act seeks to strengthen national security and economic competitiveness by reducing dependence on foreign countries for critical minerals and rare earth metals. By fostering intergovernmental cooperation and investing in domestic production and research, the bill aims to secure a stable and reliable supply of these essential resources for the United States.