Creates an alliance to boost U.S. access to vital minerals and reduce reliance on certain foreign countries.
This bill would create a 'Critical Minerals Security Alliance' with other countries to ensure a steady supply of minerals needed for defense, manufacturing, and energy. It aims to lessen the U.S.'s dependence on countries like China for these minerals. It does this by encouraging allies to impose similar tariffs and by funding domestic mineral projects. The bill would also establish a trust fund. This fund would use money from duties collected on all imported critical minerals to support U.S. mining and processing of these key minerals.
Today, the United States is heavily dependent on countries like China for many critical minerals, which are vital for various industries. After this bill, the U.S. would work with allied nations to create a secure supply chain. This would involve imposing higher tariffs on minerals from certain foreign countries of concern. The money from duties collected on all imported critical minerals would then be used to invest in and boost domestic U.S. production of critical minerals and related products.
HR 6696 · 119th Congress · December 12, 2025 · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.