This bill aims to reduce the United States' reliance on the People's Republic of China and other designated "covered countries" for critical minerals and rare Earth metals. Recognizing that current supply chains pose significant national security risks due to high import reliance, the legislation seeks to secure domestic mineral resources. It establishes an Intergovernmental Critical Minerals Task Force , chaired by a relevant member of the Executive Office of the President, to assess U.S. dependence on covered countries and recommend strategies to secure critical mineral supply chains for the U.S. and its allies. The task force will comprise representatives from numerous Federal agencies and consult with State, local, territorial, and Indian Tribal governments , alongside academic, industry, and labor stakeholders. The task force's duties include facilitating cooperation and data sharing to build robust domestic supply chains, and providing recommendations on increasing environmentally responsible domestic mining, processing, and recycling capacities. It will identify alternative domestic sources, suggest modifications to relevant statutes and regulations, and recommend strategies to strengthen the domestic workforce and international partnerships. The task force must prioritize recommendations based on economic costs and national security risks, regularly brief Congress, and submit a comprehensive report within two years detailing its findings and recommendations for public release. Additionally, the Comptroller General will conduct a separate study on the Federal and State regulatory landscape affecting domestic critical mineral supply chains, reporting its results to Congress within 18 months.