Sec. 5. Comprehensive strategy
306 words·~1 min read·
/bill/117/s/3962/is/section-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The President shall establish a comprehensive strategy to address the national security threat posed by the People’s Republic of China’s control of nearly 2/3 of the global supply of critical minerals by developing a more reliable and secure supply chain of critical minerals. The strategy required by subsection
(a)shall include efforts to develop a more reliable and secure supply chain of critical minerals, including the following: Plans to partner, consult, and coordinate with the governments of the other countries in the Quadrilateral Security Dialogue in a concerted effort to make significant strategic investments in development projects, production technologies, and refining facilities. A strategy to leverage the partnership of the United States International Development Finance Corporation and its counterpart entities in those countries. A strategy to decrease trade barriers for the development, production, refinement, and shipment of critical minerals among those countries. Not later than 180 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report on the strategy required by subsection (a). The report required in paragraph
(1)shall include— a description of the extent of the engagement of the United States International Development Finance Corporation with the governments of the other countries of the Quadrilateral Security Dialogue to promote shared investment and development of critical minerals; and a description of the work of the United States Trade Representative to engage with the government of those countries to decrease trade barriers for the development, production, refinement, and transportation of critical minerals. In this section, the term appropriate congressional committees means— the Committee on Finance, the Committee on Foreign Relations, and the Committee on Energy and Natural Resources of the Senate; and the Committee on Ways and Means, the Committee on Foreign Affairs, and the Committee on Energy and Commerce of the House of Representatives.