H.R. 3896 · 117th Congress
Critical Mineral Access Act
- Stage
- In committee
- Sponsor
- Buddy Carter
- Introduced
- 2021-06-15
- Latest action
- 2021-06-15 · Introduced in House
Summary
Critical Mineral Access Act
This bill authorizes the U.S. International Development Finance Corporation to provide support to high-income economy countries for developing and processing specified critical materials if such support furthers U.S. national security interests. Critical materials include, for example, rare earth elements, aluminum, and uranium.
A high-income economy country is one with a per capita gross national income (GNI) that exceeds $12,695 for 2021. Current law limits the corporation's activities to facilitating the economic development of countries with a per capita GNI below that amount.