Sec. 3. Definitions
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In this Act: The term actinide means all elements with atomic numbers of 89 or greater on the periodic table. The term consumer member means a member of the Cooperative that is— an entity that is part of, or has a role in, the value chain for rare-earth materials or rare-earth products, including from the refined oxide state to the stage in which the rare-earth elements are finished in any physical or chemical form (including oxides, metals, alloys, catalysts, or component); or a consumer of rare-earth products.
The term consumer member includes— a producer of or other entity that is part of the value chain for rare-earth materials, including original equipment manufacturer producers, whose place of business is located in or outside the United States; a defense contractor or contractors in the United States; and any government agency in the United States or outside the United States that invests in the Cooperative. The term Cooperative means the Thorium-Bearing Rare-Earth Refinery Cooperative established by section 4(a)(1).
The term Cooperative Board means the Board of Directors of the Cooperative established under section 4(b)(2). The term Corporation means the Thorium Storage, Energy, and Industrial Products Corporation established under section 5(a)(1). The term Corporation Board means the Board of Directors of the Corporation established under section 5(b)(1). The term Executive Committee means the executive committee established under section 5(b)(2). The term Initial Board of Directors means the initial Board of Directors for the Cooperative established under section 4(b)(1)(A).
The term institution of higher education has the meaning given that term in section 101(a) of the Higher Education Act of 1965 (20 U.S.C. 1001(a)). The term national laboratory has the meaning given that term in section 2 of the Energy Policy Act of 2005 ( 42 U.S.C. 15801 ). The term Secretary means the Secretary of Defense. The term supplier member means a rare-earth producer that enters into a contract to supply the Cooperative with rare-earth ores. The term Tolling means a fee-for-services contract between the Cooperative and a primary rare-earth producer under which— the producer retains ownership and control of the finished product; and pays to the Cooperative a fee for services rendered by the Cooperative.
The term unprocessed and refined ore includes any ores or residual ores resulting from the mining, extraction, beneficiation, and processing of other natural resources.
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