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US SB2839
Bill
Status
Introduced
9/17/2025
Primary Sponsor
Catherine Cortez Masto
Click for details
AI Summary
- Establishes a Critical Minerals Security Alliance with trusted trading partners to reduce U.S. dependence on China for critical mineral production and processing
- Requires alliance member countries to raise tariffs on critical minerals and select derivative products from foreign countries of concern (including China and Venezuela) to match U.S. Section 301 tariff rates, while eliminating duties on minerals traded between alliance members
- Grants duty-free treatment to critical minerals and select derivative products (permanent magnets, lithium-ion batteries, battery parts) imported from alliance member countries, with exemptions from Section 301 and Section 232 duties
- Creates a trust fund from duties collected on imported critical minerals, allocating 60% to DOE Loan Programs Office, 20% to Department of Defense, and 20% to U.S. International Development Finance Corporation for supporting domestic and allied critical mineral mining, processing, and manufacturing projects
- Requires 5-year reviews of U.S. critical mineral extraction capacity and annual reports to Congress on alliance engagement, with provisions for congressional approval or disapproval of new member admissions through joint resolutions within 90 days
Legislative Description
Restoring American Mineral Security Act of 2025
Last Action
Read twice and referred to the Committee on Finance.
9/17/2025
Committee Referrals
Finance9/17/2025
Full Bill Text
No bill text available