Sec. 3. Definitions
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In this Act: The term appropriate congressional committees means— the Committee on Agriculture, Nutrition, and Forestry of the Senate; the Committee on Agriculture of the House of Representatives; the Committee on Armed Services of the Senate; the Committee on Armed Services of the House of Representatives; the Committee on Banking, Housing, and Urban Affairs of the Senate; the Committee on Financial Services of the House of Representatives; the Committee on Commerce, Science, and Transportation of the Senate; the Committee on Energy and Commerce of the House of Representatives; the Committee on Energy and Natural Resources of the Senate; the Committee on Natural Resources of the House of Representatives; the Committee on Foreign Relations of the Senate; and the Committee on Foreign Affairs of the House of Representatives.
The term authorized intermediary means an entity that— is a private entity; has expertise in more than 1 critical mineral or material; has expertise in commodities trading, market making, capital management, or finance; does not have any management influenced by a foreign entity of concern or a citizen of a covered country, including any entities affiliated with the private entity or the ownership of the private entity; is not owned, controlled, directed, financed, or otherwise influenced, directly or indirectly, in whole or in any part greater than 25 percent, by a foreign entity of concern, a citizen of a covered country, or the government of a covered country; and has been approved to be an authorized intermediary by the Board.
The term Board means the board of governors of the Reserve established by section 102(a). The term Chairperson means the Chairperson of the Board. The term covered country means a country that— is a covered nation (as defined in section 4872(f) of title 10, United States Code); or the Secretary of Energy, in consultation with the Secretary of Defense, the Secretary of State, and the Director of National Intelligence, determines to be engaged in conduct that is detrimental to the national security or foreign policy of the United States.
The term critical mineral or material means mineral or material included in the list of eligible critical minerals and materials established by the Reserve under section 202(a). The term dependence rate means the percentage of domestic end-use consumption of a critical mineral or material that is supplied by production by a foreign entity of concern or in a covered country, in aggregate. The term foreign entity of concern means a foreign entity that— meets the requirements described in subparagraphs (A), (B), (D), or
(E)of section 10638(3) of the Research and Development, Competition, and Innovation Act ( 42 U.S.C. 19237(3) ); or is owned, controlled, directed, financed, or otherwise influenced, directly or indirectly, in whole or in any part greater than 25 percent, by the government of a foreign country that is a covered country; or is otherwise subject to the jurisdiction or direction of a government of a covered country. The term partner country means— a member country of the North Atlantic Treaty Organization; a country that has been designated as a major non-NATO ally under section 517 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2321k ); or a foreign country, including any market or any producer in a foreign country— with which the United States has entered into a mutual defense treaty or other mutual defense agreement, but not including Venezuela; that is recognized by the Secretary of State and the Secretary of Defense as a strategic partner due to an established bilateral agreement that emphasizes mutual interests in security, defense, and critical mineral supply chains, including countries designated under United States strategic frameworks and agreements; with which the United States has entered into a comprehensive economic and trade agreement that includes provisions for the collaboration on critical mineral resources and to safeguard supply chains critical to national security and economic stability; with which the United States Geological Survey has in effect a memorandum of understanding concerning scientific and technical cooperation in earth sciences, unless that country is a covered country; or with which the Department of State, the United States International Development Finance Corporation, the Export-Import Bank of the United States, or the United States Trade and Development Agency is working to advance an active critical mineral project. The term production rate means the percentage of domestic end-use consumption of a critical mineral or material that is supplied by domestic and partner country production in aggregate. The term purposes of the Reserve means the purposes of the Reserve described in section 101(b). The term recycle means an action or process to convert a critical mineral or material contained within a finished or semi-finished product into a form suitable for repurposing or reuse of the critical mineral or material. The term repurpose means any operation that results, in whole or in part, in a critical mineral or material being used for a different purpose or application than the purpose or application for which the critical mineral or material, or the product into which the critical mineral or material is manufactured into, was originally intended. The term Reserve means the Strategic Resilience Reserve Corporation of the United States established by section 101(a)(1). The term reuse means the complete or partial direct reuse of a critical mineral or material after use for the original purposes for which the critical mineral or material was intended. The term Vice-chairperson means the Vice-chairperson of the Board.
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