WASHINGTON, D.C. – Reps. Earl L. “Buddy” Carter (R-GA) and Dina Titus (D-NV) today introduced the Critical Mineral Access Act, a bipartisan bill that will help U.S. companies invest in critical minerals and compete with China’s growing power over this crucial industry.
The Critical Mineral Access Act would allow the U.S. International Development Finance Corporation to provide loans for companies to invest in global critical minerals projects, supporting U.S. companies that are attempting to compete with Chinese ownership of some of the world’s largest and most promising critical minerals deposits.
Among other priorities, critical minerals are necessary to produce renewable energy technologies, electric vehicles, and advanced military gear.
“Securing our critical minerals supply chain is a national security priority,” said Rep. Carter. “We cannot rely on China for materials that fuel our renewable energy technology and provide safety for our military. Georgia’s First Congressional District is a national leader in critical mineral production, and we must continue investing in these resources so that the world can get out from under the Chinese Communist Party’s thumb.”
“Critical minerals are an essential part of our daily life, powering everything from cell phones to the clean energy transition. This bill gives more flexibility to U.S. companies to mine these rare earth minerals around the world, boosts our economic power, and seizes upon another avenue of responsible competition with China,” said Rep. Titus.
Read the full bill text here.
###
