Shaheen, Young Statement on Trump Administration’s Critical Minerals Stockpile Announcement

**Bipartisan pair introduced theSECURE Minerals Actto support domestic supply chains for critical minerals to meet national and economic security needs**
(Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Todd Young (R-IN),lead sponsors of theSECURE Minerals Actto create a new Strategic Resilience Reserve that ensures a domestic supply of critical minerals, released the following statement on theannouncementthat the Trump Administration is launching a $12 billion stockpile of critical and rare earth minerals:
“We are pleased to see the Administration take steps to stockpile critical minerals for economic purposes. It’s a clear sign that there is bipartisan support for securing a robust domestic supply of critical minerals that both reduces our reliance on China and stabilizes the market.
“Beyond this effort, we should ensure a reliable, long-term supply and provide the durability needed to grow and maintain a domestic critical minerals industry in order to stabilize prices and diversify our most important supply chains away from China. Our bipartisan, bicameralSECURE Minerals Actwill give American companies and consumers the certainty we need to fend off supply chain disruptions, volatile prices and economic coercion from our most important economic adversary.
“With this announcement in mind, we look forward to working with our colleagues to earn more support and pass our bill through Congress to advance long-term American leadership to secure the materials and good jobs that strengthen our national security and grow our economy.”
ClickHEREto view a one-pager on theSECURE Minerals Act.
ClickHEREto view a Section by Section of theSECURE Minerals Act.
ClickHEREto view bill text.
ClickHEREto view “What They’re Saying” about theSECURE Minerals Act.
Last month, Shaheen and Young introduced the newSecuring Essential and Critical U.S. Resources and Elements (SECURE) Minerals Actto establish a Strategic Resilience Reserve in an independent government corporation to focus on supporting the critical minerals market. The House companion is led by Representatives Rob Wittman (R-VA-01) and John Moolenaar (R-MI-02). In the Senate, the bipartisanSECURE Minerals Actis cosponsored by U.S. Senators Mike Rounds (R-SD), Catherine Cortez Masto (D-NV), Tim Sheehy (R-MT) and Angus King (I-ME).
Last year, Shaheen and U.S. Senator John Curtis (R-UT)introduced bipartisan legislationto bolster partnerships with allies to secure the global supply of critical minerals. The bill both authorizes U.S. participation in the Mineral Security Partnership and authorizes the President to form an international coalition focused on securing reliable critical mineral supply chains and the components that depend on them.
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