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S. 429 119th Congress Senate

STRATEGIC Minerals Act

Official title: A bill to enhance the economic and national security of the United States by securing a reliable supply of critical minerals and rare earth elements through tr… Show full official titleShow less

Official title: A bill to enhance the economic and national security of the United States by securing a reliable supply of critical minerals and rare earth elements through trade agreements and strategic partnerships.

Introduced: February 5, 2025 Introduced by: Todd Young Republican · Indiana See on congress.gov
Foreign Trade and International Finance Civil actions and liabilityCongressional oversightCongressional-executive branch relationsMaterials
More subjectsShow fewer subjects
MiningNormal trade relations, most-favored-nation treatmentStrategic materials and reservesSupply chainTrade agreements and negotiations
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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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What's happening now February 5, 2025

Read twice and referred to the Committee on Finance.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 11

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

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 11 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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