Summary of Bill S 1871
Bill 118 s 1871, also known as the Intergovernmental Critical Minerals Task Force Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a task force that will focus on critical minerals, which are essential for various industries such as technology, defense, and energy.
The task force will be made up of representatives from federal, state, and tribal governments, as well as industry experts. Their main responsibilities will include identifying critical minerals that are important for national security and economic competitiveness, assessing the availability of these minerals in the US, and developing strategies to ensure a stable supply of these minerals.
Additionally, the task force will work to streamline the permitting process for critical mineral projects, promote research and development in the critical minerals sector, and coordinate with other countries to address global supply chain issues.
Overall, the Intergovernmental Critical Minerals Task Force Act aims to strengthen the US's position in the critical minerals market and reduce its dependence on foreign sources. It is seen as a bipartisan effort to support domestic production and innovation in this important sector.
Congressional Summary of S 1871
Intergovernmental Critical Minerals Task Force Act
This bill directs the Office of Management and Budget (OMB) to establish a task force to facilitate cooperation, coordination, and mutual accountability among each level of the federal government and state, local, tribal, and territorial governments on a holistic response to the dependence on covered countries for critical minerals across the United States.
Covered country includes any country determined by the task force to be a geostrategic competitor or adversary of the United States with respect to critical minerals.
The bill specifies duties for the task force, including
- addressing the homeland and national security risks associated with the current critical mineral supply chains of the United States;
- identifying a list of critical minerals most important for securing U.S. homeland and national security; and
- providing recommendations addressing research and development, mining, and strengthening the domestic workforce to support, and improving partnerships with allied countries to improve, critical mineral supply chains.