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S 429 119th Congress Senate Foreign Trade and International Finance Civil actions and liability Congressional oversight Congressional-executive branch relations Materials Mining Normal trade relations, most-favored-nation treatment Strategic materials and reserves Supply chain Trade agreements and negotiations

STRATEGIC Minerals Act

Introduced: February 5, 2025 Introduced by: Young, Todd Republican · Indiana See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2025
Read twice and referred to the Committee on Finance.
Feb 5, 2025
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now February 5, 2025

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 9 filings →
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Coons, Christopher A.
Delaware · Feb 5, 2025
 R
Cornyn, John
Texas · Feb 5, 2025
 D
Hickenlooper, John W.
Colorado · Feb 5, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 429: STRATEGIC Minerals Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-429/
MLA
"S. 429: STRATEGIC Minerals Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-429/.
Bluebook (legal)
S. 429, 119th Cong. (2026), https://openamerica.io/bill/119-S-429/.
Markdown link
[S. 429: STRATEGIC Minerals Act](https://openamerica.io/bill/119-S-429/)
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