,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #ffcj  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bh1 #bjbj,mr4
 ,stauber 7for himself1 ,mr4 ,gosar1 and
 ,mr4 ,young7 introduced the following  
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide an additional
 deduction for the cost of certain      
materials purchased directly from a     
domestic smelter or processor4  #a4     
,short title ,this ,act may be cited as 
the ,securing ,america's ,critical      
,minerals ,supply ,chain ,act4  #b4     
,findings ,congress finds the following3
 7#a7 ,it is in ,america's best interest
 to ensure a robust and secure domestic 
supply chain for ,u4,s4 manufacturers4  
7#b7 ,the ,united ,states increasing    
reliance on foreign sources of metals   
and minerals threatens our economic and 
national security while providing our   
geopolitical rivals1 such as ,china and 
,russia1 leverage over our economy4     

7#c7 ,incentivizing domestic mineral and
 metal production and the purchase of   
these materials will make our nation's  
supply chains more secure and resilient4
  #c4 ,additional deduction for cost of 
certain materials purchased directly    
from a domestic smelter or processor    
7a7 ,in general ,part ,,vi of subchapter
 ,b of chapter #a of the ,internal      
,revenue ,code of #aihf is amended by   
inserting after section #aha the        
following new section3  #ahb4           
,additional deduction for cost of       
certain materials purchased directly    
from a domestic smelter or processor    
7a7 ,in general ,there shall be allowed 
as a deduction 7in addition to any other
 deduction allowed under this chapter   
for the cost of specified               
domestically-produced materials7 an     
amount equal to #aj percent of the cost 
of specified domestically-produced      
materials if such materials are acquired
 by the taxpayer directly from the      
domestic smelter or processor of such   

material4  7b7 ,specified               
domestically-produced materials ,for    
purposes of this section-- 7#a7 ,in     
general ,the term specified             
domestically-produced materials means   
any specified material if such material 
is smelted or processed in the ,united  
,states by direct smelting of ore1 from 
a mine product1 such as that extracted  
from mined ore2 from beneficiation2 from
 reprocessing mine tailings2 or from    
reprocessing smelter or refinery slags  
or residues1 by a taxpayer in the trade 
or business of smelting or processing   
such material4  7#b7 ,specified material
  7,a7 ,in general ,the term specified  
material means minerals that are        
necessary-- 7i7 for the national defense
 and national security requirements2    
7ii7 for the energy infrastructure of   
the ,united ,states1 including-- 7,i7   
pipelines2  7,,ii7 refining capacity2   
7,,iii7 electrical power generation and 
transmission2 and  7,,iv7 renewable     
energy production2  7iii7 for community 

resiliency1 coastal restoration1 and    
ecological sustainability for the       
coastal ,united ,states2  7iv7 to       
support domestic manufacturing1         
agriculture1 housing1                   
telecommunications1 healthcare1 and     
transportation infrastructure2 or  7v7  
for the economic security of1 and       
balance of trade in1 the ,united        
,states4  7,b7 ,exceptions ,such term   
shall not include-- 7i7 fuel minerals1  
including oil1 natural gas1 or any other
 fossil fuels2  7ii7 water1 ice1 or     
snow2 or  7iii7 sand1 stone1 gravel1    
pumice1 pumicite1 cinders1 or clay4  7c7
 ,domestic smelter or processor ,for    
purposes of this section1 the term      
domestic smelter or processor means1    
with respect to any specified material1 
the taxpayer described in subsection    
7b77#a7 with respect to such material4  
4  7b7 ,clerical amendment ,the table of
 sections for part ,,vi of subchapter ,b
 of chapter #a of such ,code is amended 
by inserting after the item relating to 

section #aha the following new item3    
,sec4 #ahb4 ,additional deduction for   
cost of certain materials purchased     
directly from a domestic smelter or     
processor4  4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
the date of the enactment of this ,act4