The "Securing Trade and Resources for Advanced Technology, Economic Growth, and International Commerce in Minerals Act," or STRATEGIC Minerals Act, is designed to enhance the economic and national security of the United States. Its primary goal is to secure a reliable supply of critical minerals and rare earth elements, which are vital for advanced technology and various industries. The bill proposes achieving this through the negotiation and implementation of specialized trade agreements and strategic partnerships. The legislation mandates that the Trade Representative provide a classified briefing to Congress on the feasibility of pursuing these "covered free trade agreements" within 120 days of enactment. Following this, the President, acting through the Trade Representative, is authorized to negotiate and enter into such agreements when deemed in the national interest. Key negotiating objectives include strengthening supply chains, reducing trade barriers, fostering economic growth, promoting sustainable practices, and ensuring respect for worker rights. These covered free trade agreements must exclusively focus on critical minerals and rare earth elements, include enforceable provisions to prevent foreign entities of concern from benefiting, and be approved by Congress. The President is prohibited from negotiating with nonmarket economy countries, though such countries may accede later under specific conditions. The authority to negotiate and enter into these agreements terminates on July 1, 2035, but the authority to enforce them continues. A significant provision of the bill amends the Defense Production Act of 1950, expanding the definition of a "domestic source" for critical minerals activities. This expansion includes the territory of a party to a covered free trade agreement, but only for specific mineral activities where the U.S. and Canada have a deficient supply. Strict conditions apply, ensuring that minerals are processed by entities not controlled by foreign entities of concern, and that no minerals or revenues are transferred to entities in the People's Republic of China or controlled by foreign entities of concern.
Read twice and referred to the Committee on Finance.
Foreign Trade and International Finance
Civil actions and liabilityCongressional-executive branch relationsCongressional oversightMaterialsMiningNormal trade relations, most-favored-nation treatmentStrategic materials and reservesTrade agreements and negotiations
STRATEGIC Minerals Act
USA119th CongressS-429| Senate
| Updated: 2/5/2025
The "Securing Trade and Resources for Advanced Technology, Economic Growth, and International Commerce in Minerals Act," or STRATEGIC Minerals Act, is designed to enhance the economic and national security of the United States. Its primary goal is to secure a reliable supply of critical minerals and rare earth elements, which are vital for advanced technology and various industries. The bill proposes achieving this through the negotiation and implementation of specialized trade agreements and strategic partnerships. The legislation mandates that the Trade Representative provide a classified briefing to Congress on the feasibility of pursuing these "covered free trade agreements" within 120 days of enactment. Following this, the President, acting through the Trade Representative, is authorized to negotiate and enter into such agreements when deemed in the national interest. Key negotiating objectives include strengthening supply chains, reducing trade barriers, fostering economic growth, promoting sustainable practices, and ensuring respect for worker rights. These covered free trade agreements must exclusively focus on critical minerals and rare earth elements, include enforceable provisions to prevent foreign entities of concern from benefiting, and be approved by Congress. The President is prohibited from negotiating with nonmarket economy countries, though such countries may accede later under specific conditions. The authority to negotiate and enter into these agreements terminates on July 1, 2035, but the authority to enforce them continues. A significant provision of the bill amends the Defense Production Act of 1950, expanding the definition of a "domestic source" for critical minerals activities. This expansion includes the territory of a party to a covered free trade agreement, but only for specific mineral activities where the U.S. and Canada have a deficient supply. Strict conditions apply, ensuring that minerals are processed by entities not controlled by foreign entities of concern, and that no minerals or revenues are transferred to entities in the People's Republic of China or controlled by foreign entities of concern.