Sec. 4. Report on United States and allied processing of critical minerals required to achieve defense supply chain independence
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Not later than 90 days after the date of the enactment of this Act, the Under Secretary of Defense for Acquisition and Sustainment shall submit to the appropriate committees of Congress a report on the processing by the United States and allied countries of critical minerals, including rare earth elements, required to achieve supply chain independence for the United States Armed Forces and allied countries by 2027. The report required by subsection
(a)shall include the following: An estimate of the annual demand for processed critical minerals for the United States Armed Forces and allied countries. An outline of the necessary processed critical minerals value chain required to support the needs of the Department of Defense. An assessment of any gaps in the outline described in paragraph (2), indicating where sufficient United States processing capacity exists and where such capacity does not exist. An identification of any Federal funds, including any funds made available under title III of the Defense Production Act of 1950 ( 50 U.S.C. 4531 et seq. ), being deployed, as of the date of the report, to support development of United States capacity to address those gaps. An estimate of the additional capital investment required to grow and operate sufficient United States capacity to address those gaps. An estimate of the annual funding necessary for the Department of Defense to procure critical minerals processed in the United States sufficient to meet the annual needs of the Department, including consideration of increased investments from private sector capital. An estimate of the cost difference between the Department of Defense— sourcing critical minerals processed by the United States; sourcing critical minerals processed by allied countries; and sourcing critical minerals on the open market. An assessment of what changes, if any, are necessary to the acquisition policies of the Department of Defense to ensure weapon suppliers use critical minerals processed by the United States or allied countries. An assessment of what changes, if any, to authorities under title III of the Defense Production Act of 1950 are necessary to enter into a long-term offtake agreement with respect to critical minerals processed by the United States or allied countries. An assessment of the duration of potential contracts necessary to prevent the collapse of United States processing of critical minerals in the event of price fluctuations resulting from increases in the export quota of the People’s Republic of China. Recommendations for international cooperation with allied countries to jointly reduce dependence on critical minerals processed in or by the People’s Republic of China.
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Sec. 4
Report on United States and allied processing of critical minerals required to achieve defense supply chain independence
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