Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act

Summary

Creates a U.S. strategy and new diplomatic, programmatic, and staffing tools to reduce dependence on strategic competitors for critical minerals and related energy technologies. It directs the State Department to lead U.S. participation in an international Minerals Security Partnership, authorizes multi‑year “Energy Security Compacts” with partner countries supported by a new Office and Director, establishes an Assistant Secretary and Bureau for Energy Security and Diplomacy, sets rules for funding transfers and project eligibility, and adds two Fulbright mining education programs. Adds reporting, monitoring, environmental and labor standards, consultation requirements with Congress, and GAO evaluations; restricts certain activities (no military assistance, no projects causing major U.S. job loss or unmitigable harms). Some authorities and funding actions are tied to FY2026 or later, and several deliverables (diplomatic strategy, briefings, staffing reports) have 180–210 day deadlines after enactment.

• Creates a U.S. diplomatic and programmatic framework to reduce reliance on strategic competitors for critical minerals and energy technologies.
• Authorizes U.S. participation and leadership in an international Minerals Security Partnership to coordinate mining, processing, finance, and information sharing with allies.
• Establishes multi‑year Energy Security Compacts with partner countries, backed by a new Office and Director with authority to coordinate funding across agencies.
• Creates an Assistant Secretary and a Bureau for Energy Security and Diplomacy at the State Department with expedited hiring authorities.
• Permits transfers of FY2026+ appropriated funds into development/export finance accounts (DFC, Ex‑Im, USTDA, MCC) subject to consultation and congressional notifications.
• Sets eligibility, environmental/labor safeguards, procurement and transparency requirements, and prohibits military assistance and projects causing major U.S. job loss or unmitigable harms.
• Adds two Fulbright mining exchange programs for U.S. students and visiting mining scholars, with reporting requirements.
• Requires diplomatic strategy deliverables within 180–210 days, congressional briefings, and annual GAO evaluations starting two years after enactment.