,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #dggb  ,,in ,,the ,,house ,,of  
,,representatives  ,july #be1 #bjbe,mr4 
,smith of ,nebraska 7for himself1 ,mr4  
,panetta1 and ,mr4 ,reschenthaler7      
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    
adjust the percentage depletion rate for
 certain rare earths1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,critical ,minerals 
,investment ,tax ,modernization ,act of 
#bjbe4  #b4 ,adjustment of percentage   
depletion rate for certain rare earths  
7a7 #bb percent depletion rate ,section 
#fac7;b77#a77;,b7 of the ,internal      
,revenue ,code of #aihf is amended by   
inserting rare earths 7in this          
subparagraph defined as the #ae         
lanthanide elements71 scandium1 before  
tantalum4  7b7 ,effective date ,the     
amendment made by this section shall    
apply to taxable years beginning after  

the date of the enactment of this ,act4