Sec. 4. Report
244 words·~1 min read·
/bill/113/s/1468/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this section, the term rare earth monopoly means the domination of the market for rare earth elements, including— rare earth oxides, metals, alloys, and magnets; integrated systems that include rare earth components, including wind turbines, motors, and catalysts for green technology lighting and transportation in commercial products; and oxide, metal, or alloy-based rare earth materials, magnets, components and systems for guided ordinance, stealth and drone technologies, interrogating and targeting lasers, radar, sonar, and weapons systems used by the United States military.
The Secretary of Commerce shall conduct a survey that— measures the economic impact of China's rare earth monopoly on the United States and other affected nations to determine the magnitude of economic and intellectual property loss resulting from China's rare earth monopoly; and looks beyond gross economic figures of value added goods and identifies specific technologies, industries, and defense systems that are now primarily produced in, or are likely to relocate or migrate to, China.
Not later than 1 year after the date of the enactment of this Act, the Secretary of Commerce shall submit a report to Congress that contains the results of the survey conducted under subsection (a). The report shall contain recommendations on how the United States should— initiate direct dialogue with affected nations to assess the short- and long-term economic consequences of China's rare earth monopoly and related trade practices; and promote cooperative resolutions to facilitate partnership structures that will offset imbalances caused by China's rare earth monopoly.