Sponsors (7)
The bill improves U.S. strategic and economic resilience by producing detailed critical-minerals supply-chain data and encouraging allied capacity, but it brings reporting costs, confidentiality risks, potential diplomatic friction, and the danger of overreliance on imperfect metrics.
Policymakers and state governments: receive detailed, up-to-date mine-level and aggregate data on critical minerals and rare earth supplies, improving strategic planning and risk awareness.
Utilities, energy companies, small business owners, and financial institutions: can more easily identify supply-chain risks from designated foreign entities, helping firms reduce disruptions and strengthen domestic industry resilience.
Allied partner countries and U.S. energy/mining firms: encouraged allied cooperation and tech sharing to expand allied mining and processing capacity, which can reduce U.S. reliance on hostile or single-source suppliers.
Taxpayers and federal/state agencies: will incur additional administrative costs to compile, update, and analyze global mine-level data on a regular basis.
Financial institutions, small businesses, and energy companies: disclosure of mine ownership and beneficial owners may expose commercially sensitive information and raise confidentiality and competitive concerns.
State and local governments and diplomatic relationships: publicly designating and publishing lists of 'foreign entities of concern' could strain diplomatic ties and commercial relations with some countries and firms.
Based on analysis of 2 sections of legislative text.
Requires the Interior Secretary to produce a global biennial report on critical minerals and rare earths with mine-level output, reserve, and ownership data and assessments of foreign control.
Introduced February 27, 2025 by John Cornyn · Last progress February 27, 2025
Requires the Secretary of the Interior, working with the Secretary of Energy and other federal agencies, to produce a global report on critical minerals and rare earth elements within one year of enactment and every two years after. The report must map which resources are controlled by foreign entities of concern, which are controlled by the U.S. or its allies/partners, and which are not controlled by either, and must include detailed mine-level data, ownership disclosure, and aggregate estimates for less-documented sites.