Sec. 202. Authorization of support for critical material projects for which offtake is purchased by a United States entity
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It is the sense of Congress that— allies of the United States, such as Japan, South Korea, and European countries, provide financial support for the importation of commodities essential for national security; and given the locations of critical materials and the lack of existing mining, processing, refining, or recycling facilities for those materials, the United States must ensure that United States entities can compete for the offtake of critical materials in projects being carried out abroad, whether or not the project is operated by a United States entity.
The President of the Export-Import Bank of the United States shall develop a strategy for the issuance of guaranties, insurance, or extensions of credit, or the participation in the extension of credit, in connection with a project carried out outside the United States if the offtake of the project is critical for a United States entity. In developing the strategy required by paragraph (1), the President of the Bank shall conduct outreach to United States entities, including automotive companies, to ensure that the United States private sector can adequately compete to secure critical material supply chains abroad, including in the production of batteries necessary for the electric grid, transportation, and weapons and other defenses in the United States.