Critical Mineral Access Act

Bill: 117-hr-3896
Sponsor: full_name: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Introduced: 2021-06-15
Policy area: International Affairs
Latest action: action_date: 2021-06-15
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2021-06-15
action_desc: Introduced in House
text: <p><strong>Critical Mineral Access Act</strong></p> <p>This bill authorizes the U.S. International Development Finance Corporation to provide support to high-income economy countries for developing and processing specified critical materials if such support furthers U.S. national security interests. Critical materials include, for example, rare earth elements, aluminum, and uranium.</p> <p>A <em>high-income economy country</em> is one with a per capita gross national income (GNI) that exceeds $12,695 for 2021. Current law limits the corporation's activities to facilitating the economic development of countries with a per capita GNI below that amount.</p> <p><br> </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3896 IN THE HOUSE OF REPRESENTATIVES June 15, 2021 Mr. Carter of Georgia (for himself and Ms. Titus ) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To amend the Better Utilization of Investments Leading to Development Act of 2018 to authorize support in high-income economy countries for projects involving development or processing of covered critical materials if such support furthers the national security interests of the United States.

1. Short title This Act may be cited as the Critical Mineral Access Act . 2. Amendments to Better Utilization of Investments Leading to Development Act of 2018 Section 1412(b) of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9612(b) ) is amended— (1) by striking The purpose and inserting the following: (1) In general The purpose ; (2) by striking shall be to and inserting the following: shall be— (A) to ; (3) by striking the United States. and inserting the following: the United States; and (B) to provide support under title II in high-income economy countries for projects involving development or processing of covered critical materials if such support furthers the national security interests of the United States. ; (4) by striking In carrying out and inserting the following: (2) Consideration of certain criteria In carrying out ; and (5) by adding at the end the following: (3) Definitions In paragraph (1)(B): (A) Covered critical materials (i) In general The term covered critical materials means aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium. (ii) Rare earth elements group In clause (i), the term rare earth elements group means lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium, yttrium. (B) High-income economy country The term high-income economy country means a country with a high-income economy, as defined by the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the World Bank ). .