Critical Mineral Independence Act of 2023

Hozzl · 2024-03-12T21:22:22Z

Explore the details of Senate Bill 2031 Critical Mineral Independence Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

3/12/2024, 9:22 PM

Summary of Bill S 2031

The Critical Mineral Independence Act of 2023, also known as Bill 118 s 2031, is a piece of legislation introduced in the US Congress with the aim of reducing America's dependence on foreign sources for critical minerals. Critical minerals are essential for a wide range of industries, including technology, defense, and renewable energy.

The bill seeks to promote domestic production of critical minerals by streamlining the permitting process for mining projects on federal lands. It also includes provisions to encourage research and development of new technologies for extracting and processing these minerals in an environmentally responsible manner.

Additionally, the Critical Mineral Independence Act of 2023 aims to strengthen partnerships with allies and trading partners to ensure a stable and secure supply chain for critical minerals. This includes provisions for information sharing and coordination on critical mineral production and trade. Overall, the bill is designed to enhance America's national security and economic competitiveness by reducing reliance on foreign sources for critical minerals. It emphasizes the importance of responsible mining practices and collaboration with international partners to ensure a stable supply of these essential resources.

Congressional Summary of S 2031

Critical Mineral Independence Act of 2023

This bill requires the Office of the Under Secretary of Defense for Acquisition and Sustainment within the Department of Defense (DOD) to submit a strategy to develop supply chains for DOD that are not dependent on mining or processing of critical minerals in or by specified countries (e.g., China) in order to achieve critical mineral supply chain independence from such countries by 2035.

The strategy must be submitted in classified form but must include an unclassified summary.

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Current Status of Bill S 2031

Bill S 2031 is currently in the status of Bill Introduced since June 15, 2023. Bill S 2031 was introduced during Congress 118 and was introduced to the Senate on June 15, 2023. Bill S 2031's most recent activity was Read twice and referred to the Committee on Armed Services. as of June 15, 2023

Bipartisan Support of Bill S 2031

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 S 2031

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill S 2031

Critical Mineral Independence Act of 2023

A bill to strengthen the national security of the United States by decreasing the reliance of the Department of Defense on critical minerals from the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of North Korea, and other geostrategic competitors and adversaries of the United States, and for other purposes.