Summary

Creates a government-owned Strategic Resilience Reserve to strengthen U.S. supply chains for critical minerals and materials by buying, storing, financing, and selling minerals; funding domestic production, processing, recycling, and partner-country projects; and setting environmental, labor, and market risk standards. The Reserve is governed by a presidentially appointed board, gets $2.5 billion (available until expended), may make loans and equity investments, and must publish risk assessments, audits, and a public transaction database with limited national-security exceptions.

Key Points

• Creates a federal, government-owned Strategic Resilience Reserve to secure critical minerals through purchases, storage, financing, and targeted sales.
• Provides $2.5 billion (available until expended) and broad corporate authorities for loans, equity, contracts, and property transactions.
• Establishes a seven-member presidentially appointed Board with strict conflict-of-interest rules, public meeting requirements, and reporting duties.
• Requires data collection, risk/vulnerability modeling, and biennial public risk assessments with consults to multiple federal agencies.
• Maintains an annually updated eligible list of critical minerals (excluding common fuels and basic aggregates) and may not sell to foreign entities of concern.
• Allows partner-country capital participation (minimum contribution levels) held separately and creates an International Advisory Council of partners.
• Imposes auditing, recordkeeping, and inspection powers over storage facilities and requires annual independent financial audits and biennial GAO review.
• Prioritizes domestic production, recycling, and processing projects and sets standards for environmental and labor practices for foreign suppliers.
• Authorizes default remedies, conservatorship-like powers, and special exit/justification rules for equity investments to protect federal interests.
• Balances public transparency with national-security exceptions by publishing a transaction database while safeguarding sensitive items for up to 3 years.

Categories & Tags