Securing America’s Critical Minerals Supply Act

Hozzl · 2023-12-15T15:54:43Z

Explore the details of House Bill 1068 Securing America’s Critical Minerals Supply Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:54 PM

Summary of Bill HR 1068

Bill 118 hr 1068, also known as the Securing America’s Critical Minerals Supply Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to address the issue of securing a stable and reliable supply of critical minerals for the United States.

Critical minerals are essential for a wide range of industries, including technology, defense, and energy. However, the US currently relies heavily on imports for many of these minerals, which can pose a risk to national security and economic stability.

The Securing America’s Critical Minerals Supply Act aims to reduce this reliance on foreign sources by promoting domestic production of critical minerals. The bill includes provisions to streamline the permitting process for mining projects, encourage research and development of new technologies for mineral extraction, and establish a national strategy for critical minerals. Additionally, the bill seeks to improve coordination between federal agencies, industry stakeholders, and other countries to ensure a stable supply chain for critical minerals. This includes efforts to identify potential sources of critical minerals within the US and develop partnerships with other countries to secure access to these resources. Overall, the Securing America’s Critical Minerals Supply Act is designed to strengthen the US’s position in the global market for critical minerals and reduce the country’s vulnerability to supply chain disruptions. By promoting domestic production and strategic partnerships, the bill aims to ensure a stable and reliable supply of critical minerals for the US economy and national security.

Congressional Summary of HR 1068

Securing America's Critical Minerals Supply Act

This bill requires the Department of Energy (DOE) to secure the supply of critical energy resources that are essential to the energy security of the United States.

As part of its duties, DOE must

conduct ongoing assessments of the supply of critical energy resources,
strengthen the supply chains for those resources,
develop substitutes and alternatives to those resources,
improve technology that reuses and recycles critical energy resources, and
assess how energy security is affected by the reliance of the United States on the importation of critical energy resources.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 1068

Bill HR 1068 is currently in the status of Bill Introduced since February 17, 2023. Bill HR 1068 was introduced during Congress 118 and was introduced to the House on February 17, 2023. Bill HR 1068's most recent activity was Placed on the Union Calendar, Calendar No. 14. as of March 23, 2023

Bipartisan Support of Bill HR 1068

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1068

Primary Policy Focus

Energy

Potential Impact Areas

Energy researchEnergy storage, supplies, demandGovernment information and archivesGovernment studies and investigationsMiningResearch and developmentStrategic materials and reserves

Alternate Title(s) of Bill HR 1068

Securing America’s Critical Minerals Supply ActSecuring America’s Critical Minerals Supply ActSecuring America’s Critical Minerals Supply ActTo amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes.

Start holding our government accountable!