Sec. 2. Amendments to Better Utilization of Investments Leading to Development Act of 2018
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Section 1412(b) of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9612(b) ) is amended— by striking The purpose and inserting the following: The purpose ; by striking shall be to and inserting the following: shall be— to ; by striking the United States. and inserting the following: the United States; and to provide support under title II in high-income economy countries for projects involving development or processing of covered critical materials if such support furthers the national security interests of the United States. ; by striking In carrying out and inserting the following:
In carrying out ; and by adding at the end the following: In paragraph (1)(B): The term covered critical materials means aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium.
In clause (i), the term rare earth elements group means lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium, yttrium. The term high-income economy country means a country with a high-income economy, as defined by the International Bank for Reconstruction and Development and the International Development Association (collectively referred to as the World Bank ). .
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Sec. 2
Amendments to Better Utilization of Investments Leading to Development Act of 2018
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