,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #adjg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #g1 #bjag,mr4    
,hunt] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,arm$         
,s]vices1 & 9 addition to ! ,committees 
on ,f9ancial ,s]vices1 ,=eign ,affairs1 
& ,en]gy & ,comm]ce1 = a p]iod to be    
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to e/abli% a       
/rategic mat]ials inve/m5t fund1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,mat]ials ,ess5tial ,to 
,am]ican ,lead]%ip & ,security ,act or !
 ,,metals ,act4  #b4 ,s5se ( ,congress  
on dome/ic production ( r>e e>? elem5ts 
7a7 ,f9d+s ,congress f9ds ! foll[+3     
7#a7 ,9 ! wake ( increas$ t5sion betwe5 
! ,p's ,republic ( ,*9a & ! nation (    
,japan 9 #bjaj1 ! ,p's ,republic ( ,*9a 
enact$ a de facto emb>go ( all r>e e>?  
elem5ts :i* plac$ ! ,dep>tm5t ( ,def5se 
at risk ( los+ access to mat]ials us$ 9 

! manufacture ( key compon5ts ( num]\s  
major weapons sy/ems4 ,! pot5tial = !   
,p's ,republic ( ,*9a to susp5d exports 
( r>e e>? elem5ts to ! ,unit$ ,/ates    
/ill exi/s today4  7#b7 ,9 #bjae1 a     
major ,unit$ ,/ates corporation1 ! only 
major dome/ic produc] ( c]ta9 r>e e>?   
products1 fil$ = bankruptcy aft] compil+
 #a4d billion 9 debt4 ,assets f !       
company 7 sold to op]ators 9 ! ,p's     
,republic ( ,*9a to pay (f cr$itors :ile
 ! dome/ic m9e & process+ plant 7 %utt]$
 & disassembl$4  7#c7 ,! ,p's ,republic 
( ,*9a curr5tly dom9ates ! supply *a9 = 
! production ( r>e e>? elem5ts controll+
 m ?an #ij p]c5t ( ! _w's production4   
7#d7 ,r>e e>? elem5ts are us$ 9 a ho/ ( 
advanc$ def5se applications &           
te*nologies :i* w\ld l>gely be r5d]$    
ineffective )\t ^! mat]ials4  7b7 ,s5se 
( congress ,x is ! s5se ( ,congress t-- 
7#a7 9 ! int]e/ ( national security !   
,unit$ ,/ates mu/ develop a dome/ic     
indu/rial base = ! production ( /rategic
 & critical mat]ials2  7#b7 consid]+ !  

ho/ ( def5se-relat$ applications t w\ld 
be r5d]$ ineffective if ,unit$ ,/ates   
access to =eign /rategic & critical     
mat]ials 0 re/rict$1 ! ,unit$ ,/ates mu/
 ensure a safe & secure supply *a9 =    
/rategic & critical mat]ials = def5se   
purposes2  7#c7 giv5 ! curr5t supply *a9
 = /rategic & critical mat]ials ! ,unit$
 ,/ates1 & specifically ! ,dep>tm5t (   
,def5se1 is at consid]able risk = a     
supply int]ruption2  7#d7 if x is to    
dive/ itself f a dep5d5ce on            
=eign-produc$ /rategic & critical       
mat]ials1 ! ,unit$ ,/ates mu/ be will+  
to accept "s risk 9 ! =m ( aid+ dome/ic 
inve/m5t opportunities2  7#e7 ! ,unit$  
,/ates mu/ support ! dome/ic production 
( /rategic & critical mat]ials by creat+
 a fund :i* uses a small p]c5tage1 #a   
p]c5t1 ( ! int]nal programmatic         
adm9i/ration co/s ( major aircraft &    
missile weapons sy/ems to promote       
inve/m5t 9 dome/ic production ( /rategic
 & critical mat]ials2  7#f7 ! fund %\ld 
only lev]age ^? funds us$ by ! ,dep>tm5t

 ( ,def5se = int]nal programmatic       
adm9i/ration co/s & %\ld n decrease     
quantities to be procur$ by ! ,dep>tm5t 
( ,def5se2  7#g7 ! fund %\ld be manag$  
by ! ,def5se ,logi/ics ,ag5cy ,/rategic 
,mat]ials2  7#h7 ! purpose ( ! fund %\ld
 be to provide #e-ye>1 int]e/-free loans
 to dome/ic produc]s ( /rategic &       
critical mat]ials 9 an attempt to r$uce 
,am]ican dep5d5ce on =eign s\rces ( ^!  
mat]ials & ! loans %\ld be paid back to 
! fund at ! t]m9ation ( ! loan p]iod2 & 
7#i7 9 ^? cases :]e dome/ic mat]ials are
 m exp5sive ?an mat]ials available f    
int]national s\rces1 (t5 ow+ to unfair  
trade & labor practices 9 =eign         
c\ntries1 ! fund %\ld reimburse weapons 
sy/ems programs = co/ increases z a     
result ( procur+ /rategic & critical    
mat]ials f dome/ic s\rces4  #c4         
,/rategic mat]ials inve/m5t fund  7a7   
,e/abli%m5t ,!re is e/abli%$ 9 !        
,treasury ( ! ,unit$ ,/ates a sep>ate   
fund to be kn[n z ! ,/rategic ,mat]ials 
,inve/m5t ,fund 79 ?is section ref]r$ to

 z ! ,fund74 ,! ,fund %all consi/ (     
am\nts deposit$ to x "u subsection 7e74 
7b7 ,fund op]ations ,! ,secret>y (      
,def5se1 act+ ?r\gh ! ,adm9i/rator ( !  
,def5se ,logi/ics ,ag5cy ,/rategic      
,mat]ials1 may make exp5ditures f !     
,fund to develop ! dome/ic /rategic &   
critical mat]ials indu/rial base1       
includ+ by--  7#a7 mak+ loans to dome/ic
 produc]s ( /rategic & critical mat]ials
 9 accordance ) subsection 7c7 = !      
purposes (--  7,a7 con/ruct+1 upgrad+1 &
 op]at+ facilities inside ! ,unit$      
,/ates = ! smelt+1 s9t]+1 lea*+1        
process+1 sep>ation1 b5eficiation1 or   
production ( /rategic & critical        
mat]ials2 &  7,b7 develop+ new          
te*nologies = ! m effici5t smelt+1      
s9t]+1 lea*+1 process+1 sep>ation1      
b5eficiation1 or production ( /rategic &
 critical mat]ials2 &  7#b7 reimburs+   
orig9al equipm5t manufactur]s 9         
accordance ) subsection 7d74  7c7 ,loans
 to dome/ic produc]s  7#a7 ,9 g5]al     
,am\nts f ! ,fund may be us$ to make    

loans to dome/ic produc]s ( /rategic &  
critical mat]ials = ! purposes describ$ 
9 subp>agraphs 7,a7 & 7,b7 ( subsection 
7b77#a74  7#b7 ,eligibility ,a dome/ic  
produc] ( /rategic & critical mat]ials  
%all n be eligible to receive a loan f !
 ,fund if su* produc]--  7,a7 is c>ry+  
out an activity describ$ 9 subsection   
7f72  7,b7 has a hi/ory ( f9ancial      
insolv5cy or bankruptcy2 or  7,c7 is    
controll$ by or act+ on behalf ( ! ,p's 
,republic ( ,*9a or ! ,russian          
,f$]ation4  7#c7 ,loan t]ms  7,a7       
,int]e/ ,int]e/ %all n accrue on any    
loan made "u p>agraph 7#a74  7,b7       
,repaym5t  7i7 ,repaym5t requir$ ,n lat]
 ?an #e ye>s aft] receiv+ a loan "u     
p>agraph 7#a71 ! recipi5t ( ! loan %all 
repay ! full am\nt ( ! loan--  7,i7 to !
 ,fund2 or  7,,ii7 if ! ,fund has       
t]m9at$ "u subsection 7h71 to !         
,treasury ( ! ,unit$ ,/ates  7ii7       
,p5alty ,if a recipi5t does n repay !   
full am\nt ( ! loan 9 ! "t p]iod        
describ$ 9 clause 7i71 ! recipi5t--     

7,i7 %all n be eligible to receive      
additional disbursem5ts f ! ,fund2 &    
7,,ii7 %all be liable to ! ,unit$ ,/ates
 = ! full am\nt ( ! loan plus a p5alty 9
 an am\nt equal to #ej p]c5t ( ! am\nt (
 ! loan4  7,c7 ,prohibition on transf]  
to =eign entity  7i7 ,prohibition on    
transf] ,a recipi5t ( a loan f ! ,fund  
%all n transf] to a =eign gov]nm5t or an
 entity controll$ by or act+ on behalf (
 a =eign gov]nm5t1 any int]e/ 9--  7,i7 
any facilities con/ruct$1 upgrad$1 or   
op]at$ by ! recipi5t2 or  7,,ii7 any new
 te*nologies develop$ by ! recipi5t = ! 
m effici5t smelt+1 s9t]+1 lea*+1        
process+1 sep>ation1 b5efaction1 or     
production ( /rategic & critical        
mat]ials4  7ii7 ,p5alty ,if ! recipi5t (
 a loan f ! ,fund makes a transf]       
prohibit$ "u clause 7i71 ! recipi5t %all
 be liable to ! ,unit$ ,/ates = ! full  
am\nt ( ! loan plus a p5alty 9 an am\nt 
equal to #ejj p]c5t ( ! am\nt ( ! loan4 
7d7 ,reimbursem5t ( orig9al equipm5t    
manufactur]s  7#a7 ,9 g5]al ,subject to 

p>agraph 7#b71 am\nts f ! ,fund may be  
us$ to reimburse orig9al equipm5t       
manufactur]s = ! increas$ co/s t result 
f su* manufactur]s pur*as+ /rategic &   
critical mat]ials produc$ 9 ! ,unit$    
,/ates f produc]s t h receiv$           
disbursem5ts f ! ,fund4  7#b7           
,limitations  7,a7 ,limitation on am\nts
 available = reimbursem5t ,n m ?an #ej  
p]c5t ( ! am\nts deposit$ 9 ! ,fund = a 
fiscal ye> %all be available = reimburs+
 orig9al equipm5t manufactur]s "u       
p>agraph 7#a7 9 su* fiscal ye>4  7,b7   
,limitation on reimbursem5t ( excessive 
co/s ,excessive co/s1 z det]m9$ by !    
s5ior acquisition executive = ! program 
conc]n$1 %all n be reimburs$ "u p>agraph
 7#a74  7e7 ,deposits to ,fund  7#a7 ,9 
g5]al ,except z provid$ 9 p>agraph 7#b71
 = ea* ( fiscal ye>s #bjah ?r\gh #bjbc1 
"o t5? ( "o p]c5t ( ! am\nts appropriat$
 = cov]$ programs %all be deposit$ to ! 
,fund4 ,su* deposits %all be tak5 f     
am\nts allocat$ = ! int]nal adm9i/ration
 ( ! cov]$ programs & %all n r$uce !    

quantities ( items procur$ "u !         
programs4  7#b7 ,exception  7,a7        
,c]tification ,! requirem5t "u p>agraph 
7#a7 %all n apply to a cov]$ program if 
! prime contractor = su* program        
c]tifies to ! s5ior acquisition         
executive conc]n$ t no /rategic or      
critical mat]ials f ! ,p's ,republic (  
,*9a or ! ,russian ,f$]ation are includ$
 9 ! f9al item deliv]$ to ! ,gov]nm5t or
 9 any compon5t !re(4  7,b7 ,support+   
docum5ts ,n lat] ?an #cj days aft] a    
prime contractor makes a c]tification "u
 subp>agraph 7,a71 ! s5ior acquisition  
executive conc]n$ may require ! prime   
contractor to provide support+ docum5ts 
v]ify+ t ! f9al item deliv]$ to !       
,gov]nm5t meets ! requirem5ts ( su*     
subp>agraph4  7,c7 ,civil p5alty ,a     
prime contractor :o makes a false       
c]tification "u ?is p>agraph %all be    
subject to a civil f9e ( n m ?an #a     
p]c5t ( ! value ( ! contract conc]n$4   
7f7 ,prohibit$ uses ( funds ,no am\nt   
may be exp5d$ f ! ,fund-- 7#a7 to       

develop te*nologies t w\ld decrease !   
capacity ( ! dome/ic indu/rial base =   
/rategic & critical mat]ials2 or  7#b7  
to r$esign te*nologies to r$uce ! use ( 
/rategic & critical mat]ials 9 su*      
te*nologies4  7g7 ,def9itions ,9 ?is    
section3 7#a7 ,cov]$ programs ,! t]m    
cov]$ programs means all major def5se   
acquisition programs 7z t t]m is def9$ 9
 section #bdcj ( title #aj1 ,unit$      
,/ates ,code7 = ! developm5t or         
procurem5t ( aircraft or missiles4  7#b7
 ,orig9al equipm5t manufactur] ,! t]m   
orig9al equipm5t manufactur] means a    
contractor or subcontractor 9 ! supply  
*a9 t integrates /rategic & critical    
mat]ials into a compon5t us$ 9 a product
 t is sold to ! ,f$]al ,gov]nm5t4  7#c7 
,/rategic & critical mat]ials ,! t]m    
/rategic & critical mat]ials means--    
7,a7 ! lan?anide elem5ts1 yttrium1 &    
sc&ium2  7,b7 titanium & titanium       
alloys2  7,c7 magnesium2  7,d7 antimony2
  7,e7 tung/52  7,f7 uranium2  7,g7     
tantalum2  7,h7 fluorsp>2  7,i7 li?ium2 

7,j7 /rontium2  7,k7 vanadium2  7,l7    
/eel-- 7i7 ) a maximum alloy cont5t     
exce$+ "o or m ( ! foll[+ limits3  7,i7 
manganese1 #a4fe p]c5t2  7,,ii7 silicon1
 #j4fj p]c5t2 or  7,,iii7 copp]1 #j4fj  
p]c5t2 or  7ii7 conta9+ m ?an #j4be     
p]c5t ( any ( ! foll[+ elem5ts3 alum9um1
 *romium1 cobalt1 columbium1 molybd5um1 
nickel1 titanium1 tung/51 or vanadium2  
7,m7 zirconium & zirconium base alloys2 
7,n7 metal alloys consi/+ ( nickel1     
iron-nickel1 & cobalt base alloys       
conta9+ a total ( o!r alloy+ metals     
7except iron7 9 excess ( #aj p]c5t2     
7,o7 ?orium2 &  7,p7 any o!r mat]ials   
det]m9$ to be mat]ials critical to      
national security by ! ,/rategic        
,mat]ials ,protection ,bo>d e/abli%$ "u 
section #ahg ( title #aj1 ,unit$ ,/ates 
,code4  7h7 ,sunset ,! ,fund %all       
t]m9ate on ,septemb] #cj1 #bjbc1 & any  
am\nts rema9+ 9 ! ,fund on su* date %all
 be deposit$ 9 ! ,treasury ( ! ,unit$   
,/ates4  #d4 ,nucle> reactors assessm5t 
7a7 ,f9d+ ,congress f9ds t section #ajab

 ( ! ,national ,def5se ,au?orization    
,act = #bjjh 7,public ,law #aaj-aha2    
#abb ,/at4 #cjc7 requir$ t ! ,unit$     
,/ates con/ruct all major combatant     
vessels ( ! /rike =ces ( ! ,navy )      
integrat$ nucle> p[] sy/ems4  7b7       
,assessm5t ,! ,secret>y ( ,def5se1 9    
consultation ) ! ,secret>y ( ,en]gy1    
%all assess ! ability ( ?orium-fuel$    
nucle> reactors to meet ! p[] g5]ation  
ne$s ( ! ,navy4  7c7 ,elem5ts ,!        
assessm5t "u subsection 7b7 %all        
include-- 7#a7 an id5tification ( !     
b5efits to naval op]ations ( incorporat+
 ?orium-liquid-fuel$ nucle> reactors or 
uranium reactors into a range ( naval   
vessels 7includ+ major surface          
combatants & conv5tionally fuel$ %ips71 
includ+ id5tification ( any su* b5efits 
) respect to--  7,a7 fuel cycle1 f m9+ (
 fuel to disposal ( fuel wa/e2  7,b7    
security ( ! fuel supply2  7,c7 p[] ne$s
 = advanc$ weapons & s5sors2  7,d7      
safety & op]ations1 wa/e h&l+ &         
disposal1 & prolif]ation issues comp>$  

to uranium reactors2  7,e7 refuel+ &    
logi/ics2  7,f7 %ip upgrades &          
retr(itt+2  7,g7 mann+ levels2  7,h7    
global range at flank spe$1 great] =w>d 
pres5ce1 & ext5d$ combat op]ations2     
7,i7 p[] = advanc$ s5sors & weapons1    
includ+ electromagnetic guns & las]s2   
7,j7 survivability due to increas$      
p]=mance & r$uc$ signatures2  7,k7      
high-p[] d5sity propulsion2  7,l7       
op]ational tempo2  7,m7 op]ational      
effectiv5ess2 &  7,n7 e/imat$ co/       
effectiv5ess2 &  7#b7 an analysis ( !   
dome/ic supply *a9 ( ?orium1 includ+ a  
description (-- 7,a7 dome/ic res]ves2   
7,b7 op]ational m9es2  7,c7 sep>ation & 
ref9em5t capabilities2 &  7,d7 ! ability
 = ! dome/ic supply *a9 to meet !       
requirem5ts ( ! ,dep>tm5t ( ,def5se =   
?orium4  7d7 ,submission to ,congress ,n
 lat] ?an ,decemb] #ca1 #bjbj1 !        
,secret>y ( ,def5se %all submit to !    
congressional def5se committees a report
 on ! results ( ! assessm5t "u          
subsection 7b74  7e7 ,congressional     

def5se committees def9$ ,9 ?is ,act1 !  
t]m congressional def5se committees has 
! mean+ giv5 t t]m 9 section            
#aja7;a77#af7 ( title #aj1 ,unit$ ,/ates
 ,code4  #e4 ,limitation on ammonium    
p]*lorate f =eign s\rces  7a7           
,limitation ,beg9n+ n lat] ?an #ahj days
 aft] ! date ( ! enactm5t ( ?is ,act1 ! 
,secret>y ( ,def5se %all ensure t any   
cov]$ ammonium p]*lorate is obta9$ f    
s\rces inside ! ,unit$ ,/ates4  7b7     
,cov]$ ammonium p]*lorate  7#a7 ,except 
z provid$ 9 p>agraph 7#b71 ! t]m cov]$  
ammonium p]*lorate means any ammonium   
p]*lorate 7or any sodium p]*lorate us$ z
 a precursor to ammonium p]*lorate7 t-- 
7,a7 is incorporat$ into any item       
procur$ by ! ,dep>tm5t ( ,def5se2 or    
7,b7 is us$ to laun* a national security
 payload into space4  7#b7 ,! t]m does n
 include ammonium p]*lorate obta9$ f    
s\rces outside ! ,unit$ ,/ates = use 9  
an air-to-air missile program & qualifi$
 = su* use z ( ! date ( ! enactm5t ( ?is
 ,act4  7c7 ,waiv] ,! ,secret>y (       

,def5se may waive ! limitation 9        
subsection 7a7 if ! ,secret>y makes a   
det]m9ation 9 writ+ t obta9+ cov]$      
ammonium p]*lorate f s\rces outside !   
,unit$ ,/ates is 9 ! national security  
int]e/s ( ! ,unit$ ,/ates4  #f4         
,prohibition on sale ( dome/ic r>e e>?  
m9es  7a7 ,prohibition ,! ,committee on 
,=eign ,inve/m5t 9 ! ,unit$ ,/ates %all 
n approve any =eign gov]nm5t-controll$  
transaction relat+ to a dome/ic r>e e>? 
facility if a p>ty to su* transaction is
 controll$ by or act+ on behalf (--     
7#a7 ! ,p's ,republic ( ,*9a2 or  7#b7 !
 ,russian ,f$]ation4  7b7 ,c]tification 
,be=e approv+ a =eign gov]nm5t-controll$
 transaction relat+ to a dome/ic r>e e>?
 facility1 ! ,committee %all submit to  
,congress a writt5 c]tification t !     
transaction--  7#a7 does n violate !    
prohibition "u subsection 7a72 &  7#b7 w
 n compromise ! national security ( !   
,unit$ ,/ates4  7c7 ,def9itions ,9 ?is  
section3 7#a7 ,! t]m ,committee on      
,=eign ,inve/m5t 9 ! ,unit$ ,/ates means

 ! committee e/abli%$ "u section #gba7k7
 ( ! ,def5se ,production ,act ( #aiej   
7#ej ,u4,s4,c4 #defe7k774  7#b7 ,! t]m  
dome/ic r>e e>? facility means any      
facility inside ! ,unit$ ,/ates at :i*  
r>e e>? elem5ts are m9$1 produc$1 or    
process$1 reg>dless ( :e!r su* facility 
is op]ational4  7#c7 ,! t]m =eign       
gov]nm5t-controll$ transaction has !    
mean+ giv5 ! t]m 9 section #gba7;a7 ( ! 
,def5se ,production ,act ( #aiej 7#ej   
,u4,s4,c4 #defe7;a774