(B) to establish processes similar to the 
process of the Committee on Foreign Invest-
ment in the United States under section 721 of 
the Defense Production Act of 1950 (50 U.S.C. 
4565) for intervening to preempt foreign enti-
ties of concern from investing in, purchasing, or 
assuming control of entities, intellectual prop-
erty, and equipment that are created by or ben-
efit from investments by the mechanism; 
(C) to establish consistent policies with re-
spect to countries that— 
(i) are not participating in the mecha-
nism; and 
(ii) do not meet transparency require-
ments established under subparagraph (A); 
(D) to promote harmonized treatment of 
finished rare earth products and verification 
processes for raw materials or products being 
exported to a country considered a national se-
curity risk by the government of a country par-
ticipating in the mechanism; 
(E) to establish consistent policies among 
the governments of countries participating in 
the mechanism and common policies among 
countries that are not participating to address 
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nonmarket economy countries as the behavior 
of such countries pertains to rare earth ele-
ments; 
(F) to align policies with respect to supply 
chain integrity and security, including with re-
spect to protection and enforcement of intellec-
tual property rights; and 
(G) to promote harmonized foreign direct 
investment screening measures and export con-
trol policies with respect to rare earth elements 
to 
align 
with 
national, 
multilateral, 
and 
plurilateral security priorities. 
(c) ANNUAL REPORT TO CONGRESS.—Not later than 
1 year after the date on which the Fund is established, 
and annually thereafter for each fiscal year during which 
amounts in the Fund are available under subsection 
(a)(4), the Secretary of State shall submit to the appro-
priate committees of Congress a report on the status of 
the implementation of this section that includes a descrip-
tion of— 
(1) any commitments made by the governments 
of countries that have entered into an arrangement 
or agreement with the United States to provide 
funding for the Minerals Security Partnership com-
mon funding mechanism described in subsection 
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(b)(1) and the specific amount so committed and 
other cooperative measures being taken by such 
countries as part of the mechanism; 
(2) the criteria established for expenditure of 
funds through the mechanism; 
(3) how, and to whom, amounts have been ex-
pended from the Fund and a description of progress 
made in utilizing the Fund to support the objectives 
described in subsection (b)(1); 
(4) amounts remaining in the Fund; 
(5) the progress of the Secretary of State to-
ward entering into an arrangement or agreement 
with the governments of countries that are partners 
of the United States to participate in the Minerals 
Security Partnership common funding mechanism 
and the commitments described in subsection (b)(3); 
and 
(6) any additional authorities needed to en-
hance the effectiveness of the Fund in achieving the 
security goals of the United States. 
(d) NOTIFICATIONS TO BE PROVIDED
BY
THE 
FUND.— 
(1) IN GENERAL.—Not later than 15 days prior 
to the Fund making a financial commitment associ-
ated with the provision of expenditures under sub-
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section (a)(4)(A) in an amount in excess of 
$1,000,000, the Secretary of State shall submit to 
the appropriate committees of Congress a report in 
writing that includes the information described in 
paragraph (2). 
(2) INFORMATION REQUIRED.—The information 
described in this paragraph is— 
(A) the amount of each expenditure de-
scribed in paragraph (1); 
(B) an identification of the recipient or 
beneficiary of each such expenditure; and 
(C) a description of the project or activity 
to be carried out and the purpose to be 
achieved by each such expenditure. 
(3) ARRANGEMENTS
OR
AGREEMENTS.—The 
Secretary of State shall notify the appropriate com-
mittees of Congress not later than 30 days after en-
tering into a new bilateral or multilateral arrange-
ment 
or 
agreement 
described 
in 
subsection 
(a)(4)(B). 
(e) FOREIGN ENTITIES OF CONCERN.—A foreign en-
tity of concern may not be a participant or beneficiary of 
the Minerals Security Partnership common funding mech-
anism described in subsection (b)(1). 
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(f) APPLICABILITY TO EXISTING FUND OF THE MIN-
ERALS
SECURITY
PARTNERSHIP.—This section shall 
apply to any fund in the Treasury that has been estab-
lished before the date of enactment of this Act for use 
of the Minerals Security Partnership. 
SEC. 5. WORKFORCE DEVELOPMENT INITIATIVE. 
As soon as practicable after the date of enactment 
of this Act, the Secretary shall establish an initiative 
under which the Secretary shall work with the Secretary 
of Labor, the Director of the National Science Founda-
tion, the Critical Minerals Subcommittee of the National 
Science and Technology Council, the private sector, insti-
tutions of higher education, and workforce training enti-
ties to incentivize and expand participation in graduate 
and undergraduate programs, and to develop workforce 
training programs and apprenticeships, relating to ad-
vanced rare earth element mining, separation, processing, 
metallurgy, and advanced equipment maintenance capa-
bilities. 
SEC. 6. SUPPORT FOR FREELY ASSOCIATED STATES. 
Section 1412(c) of the Better Utilization of Invest-
ments Leading to Development Act of 2018 (22 U.S.C. 
9612(c)) is amended by adding at the end the following: 
‘‘(3) 
SUPPORT
FOR
FREELY
ASSOCIATED 
STATES.—Notwithstanding the income classification 
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