Congress Unveils Plan for a U.S. Critical Minerals Reserve
TL;DR Summary
A bipartisan group of lawmakers will introduce the SECURE Minerals Act to create a $2.5 billion Strategic Resilience Reserve for critical minerals, overseen by a seven‑member board and backed by storage facilities, aiming to stabilize the domestic supply, diversify away from China’s dominance, and spur domestic production for tech sectors like semiconductors and EVs. The plan would establish a federal clearinghouse and is intended as an initial investment with potential for more funding, drawing parallels to the Strategic Petroleum Reserve and existing CHIPS Act investments.
- Exclusive: Bipartisan plan in Congress aims to create U.S. reserve for critical minerals Axios
- Reps. Kim, Bera Lead DOMINANCE Act to Break China’s Chokehold and Secure America’s Energy Future Congresswoman Young Kim (.gov)
- US lawmakers introduce bill to create $2.5 billion critical-minerals stockpile Reuters
- Shaheen promotes bipartisan bill to expand US development of critical minerals UnionLeader.com
- Lawmakers propose $2.5B agency to boost production of rare earths and other critical minerals AP News
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