Speeds up US access to critical minerals from the ocean floor.
This bill would make it faster for US companies to explore and dig for important minerals like nickel and cobalt from the ocean floor. It aims to secure these minerals for the country's defense and economy, reducing reliance on foreign suppliers. Federal agencies would need to set up these quicker processes and work with other countries within 60 days.
Today, the processes for getting permission to explore and recover minerals from the deep seabed and Outer Continental Shelf are not explicitly fast-tracked. If this bill becomes law, federal agencies would have 60 days to create expedited processes for these permits and leases, aiming to boost US access to critical minerals from the ocean floor.
S 2860 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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6 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.