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.

2/7/2025, 11:56 AM

Summary of Bill S 429

Bill 119 s 429, 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 dependable supply of critical minerals and rare earth elements. These minerals and elements are essential for a wide range of industries, including defense, technology, and energy.

The bill proposes to achieve this goal through the establishment of trade agreements and strategic partnerships with other countries that have significant reserves of these critical minerals and rare earth elements. By diversifying and securing the supply chain for these resources, the United States can reduce its dependence on foreign sources and mitigate the risks of supply disruptions.

Additionally, 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 of new extraction technologies, and supporting workforce training programs in the mining industry. Overall, Bill 119 s 429 seeks to address the vulnerabilities in the United States' supply chain for critical minerals and rare earth elements, and to ensure that the country remains competitive in key industries that rely on these resources. By fostering international partnerships and promoting domestic production, the bill aims to enhance the economic and national security of the United States.

Current Status of Bill S 429

Bill S 429 is currently in the status of Bill Introduced since February 5, 2025. Bill S 429 was introduced during Congress 119 and was introduced to the Senate on February 5, 2025. Bill S 429's most recent activity was Read twice and referred to the Committee on Finance. as of February 5, 2025

Bipartisan Support of Bill S 429

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Policy Area and Potential Impact of Bill S 429

Primary Policy Focus

Alternate Title(s) of Bill S 429

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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