Restricting Taliban Critical Mineral Trade Act

To impose sanctions with respect to Chinese and Russian companies that sign contracts or otherwise do business with the Taliban in strategic resource sectors, and for other purposes. 1. Short title This Act may be cited as the Restricting Taliban Critical Mineral Trade Act 2. Imposition of sanctions with respect to Chinese and Russian companies that sign contracts or otherwise do business with the Taliban in strategic resource sectors (a) In general The President shall impose the sanctions described in subsection (b) with respect to any covered foreign entity that, on or after the date of the enactment of this Act— (1) signs a contract with the Taliban with respect to a strategic resource sector; or (2) otherwise agrees to do business with the Taliban in a strategic resource sector. (b) Sanctions (1) Blocking of property (A) In general The President shall exercise all of the powers granted to the President under the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. (B) Penalties The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 (C) Implementation The President may exercise all authorities under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this paragraph. (2) Inclusion on entity list The President shall include any covered foreign entity described in subsection (a) on the entity list maintained by the Bureau of Industry and Security and set forth in Supplement No. 4 to part 744 of title 15, Code of Federal Regulations. (c) Definitions In this section: (1) Covered foreign entity The term covered foreign entity (A) an entity organized under the laws of the People's Republic of China or the Russian Federation, including any jurisdiction within either such country; or (B) a significant subsidiary (as defined in section 210.1–02(w) of title 17, Code of Federal Regulations, or successor regulations) of an entity described in subparagraph (A). (2) Critical mineral The term critical mineral (A) included in the final list of critical minerals published by the Secretary of the Interior in the Federal Register on May 18, 2018 (83 Fed. Reg. 23295); or (B) as defined in section 7002(a) of the Energy Act of 2020 ( 30 U.S.C. 1606(a) (3) Strategic resource sector The term strategic resource sector (4) United States person the term United States person (A) a United States citizen or an alien lawfully admitted to the United States for permanent residence; and (B) an entity organized under the laws of the United States or any jurisdiction within the United States (including any foreign branch of such an entity).

Summary: Restricting Taliban Critical Mineral Trade Act This bill requires the President to impose sanctions on companies that are organized under the laws of China or Russia and agree to do business with the Taliban in a sector involving specified critical minerals, such as rare earth elements. The President must impose property-blocking sanctions on such companies. Such companies must also be subject to certain export licensing requirements.