A bill to enhance the economic and national security of the United States by securing a reliable supply of critical minerals and rare earth elements through trade agreements and strategic partnerships.

12/6/2024, 11:56 AM

Summary of Bill S 5451

Bill 118 s 5451, also known as the "Critical Minerals and Rare Earth Elements Supply Chain Act of 2021," aims to strengthen the economic and national security of the United States by ensuring a steady and secure supply of critical minerals and rare earth elements. These minerals and elements are essential for a wide range of industries, including defense, technology, and renewable energy.

The bill proposes to achieve this goal through the negotiation of trade agreements and strategic partnerships with other countries that are rich in these resources. By diversifying and expanding the sources of critical minerals and rare earth elements, the United States can reduce its dependence on a few key suppliers and mitigate the risks of supply chain disruptions.

In addition, the bill calls for the development of a comprehensive strategy to promote domestic production of critical minerals and rare earth elements. This includes streamlining the permitting process for mining projects, investing in research and development, and supporting workforce training programs in the mining and processing industries. Overall, Bill 118 s 5451 seeks to bolster the United States' resilience and competitiveness in the global market by ensuring a stable and secure supply of critical minerals and rare earth elements. By fostering international cooperation and domestic production, the bill aims to strengthen the country's economic and national security in the face of increasing global competition and geopolitical challenges.

Current Status of Bill S 5451

Bill S 5451 is currently in the status of Bill Introduced since December 5, 2024. Bill S 5451 was introduced during Congress 118 and was introduced to the Senate on December 5, 2024. Bill S 5451's most recent activity was Read twice and referred to the Committee on Finance. as of December 5, 2024

Bipartisan Support of Bill S 5451

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Policy Area and Potential Impact of Bill S 5451

Primary Policy Focus

Alternate Title(s) of Bill S 5451

A bill to enhance the economic and national security of the United States by securing a reliable supply of critical minerals and rare earth elements through trade agreements and strategic partnerships.A bill to enhance the economic and national security of the United States by securing a reliable supply of critical minerals and rare earth elements through trade agreements and strategic partnerships.

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