STRATEGIC Minerals Act

Todd Young

Republican · IN · Senator

Source: Congress.gov · FEC

• Christopher A. Coons (D-DE)Original· 2025-02-05
• John Cornyn (R-TX)Original· 2025-02-05
• John W. Hickenlooper (D-CO)Original· 2025-02-05

Read twice and referred to the Committee on Finance.

2025-02-05

Source: Congress.gov

Securing Trade and Resources for Advanced Technology, Economic Growth, and International Commerce in Minerals Act or STRATEGIC Minerals Act This bill authorizes actions to facilitate trade and increase U.S. access to critical minerals and rare earth elements (REEs). Under the bill, critical minerals are any mineral, element, substance, or material designated as critical by the U.S. Geological Survey (e.g., aluminum and cobalt). Additionally, the bill includes a group of 17 elements within the definition of REEs , including elements used in permanent magnets (e.g., dysprosium and neodymium). Specifically, the bill authorizes the President, acting through the Office of the U.S. Trade Representative, to (1) negotiate, enter into, and enforce a free trade agreement with a country or countries with respect to critical minerals and REEs when the President determines it is in the national interest; and (2) proclaim a modification or continuance of any existing duty, or continuance of existing duty-free or excise treatment, as the President determines necessary to carry out the agreement. The bill prohibits agreements with nonmarket economy countries that are designated as foreign countries of concern (e.g., China and Russia). The bill outlines procedures for congressional notification, consultation, and review of these trade agreements. The bill also expands the definition of domestic source under the Defense Production Act, thereby making certain businesses from countries that are party to free trade agreements under this bill eligible for financial incentives to increase production of critical components, critical technology items, materials, and industrial resources needed for U.S. national security.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

• S4657A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.
  Referred to Committee · 2026-06-02
• S4653A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
  Referred to Committee · 2026-06-02
• S4629A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.
  Referred to Committee · 2026-05-21
• S4539Protecting Charitable Giving Act
  Referred to Committee · 2026-05-14