,,ii #aai? ,,congress #a/ ,session ,s4 #bhci ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #ag 7legislative day1 ,septemb] #af71 #bjbe,ms4 ,cortez ,ma/o 7= h]self & ,mr4 ,hag]ty7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to provide = ! e/abli%m5t ( a ,critical ,m9]als ,security ,alliance1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,re/or+ ,am]ican ,m9]al ,security ,act ( #bjbe4 #b4 ,s5se ( ,congress ,x is ! s5se ( ,congress t-- 7#a7 a reliable supply *a9 ( critical m9]als is ess5tial to meet ! def5se1 manufactur+1 & en]gy ne$s ( ! ,unit$ ,/ates2 7#b7 z ( ! date ( ! enactm5t ( ?is ,act1 ! ,unit$ ,/ates is heavily dep5d5t on ! ,p's ,republic ( ,*9a = ! production & process+ ( _m key critical m9]als2 7#c7 ! ,gov]nm5t ( ! ,p's ,republic ( ,*9a has display$ a will+ness to weaponize its dom9ance ( critical m9]al production & has int5tionally creat$ ov]capacity & sold products at bel[-m>ket rates 9 ord] to ga9 m>ket %>e & move up ! value *a92 7#d7 ! ,unit$ ,/ates mu/ use trade tools to combat ^? non-m>ket policies & practices1 & ! use ( trade tools is mo/ effective :5 und]tak5 9 coord9ation ) trad+ p>tn]s2 & 7#e7 by build+ an alliance ( tru/$ trad+ p>tn]s1 ! ,unit$ ,/ates c combat ! ov]supply & m>ket manipulation ( ! ,p's ,republic ( ,*9a & promote ! gr[? ( a robu/ dome/ic ,unit$ ,/ates critical m9]als indu/ry4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,f9ance ( ! ,s5ate2 & 7,b7 ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4 7#b7 ,critical m9]al ,! t]m critical m9]al means any m9]al-- 7,a7 on ! li/ ( critical m9]als requir$ by p>agraph 7#c7 ( section #gjjb7;c7 ( ! ,en]gy ,act ( #bjbj 7#cj ,u4,s4,c4 #afjf7;c77 on ,janu>y #a1 #bjbf2 or 7,b7 add$ to t li/ aft] ,janu>y #a1 #bjbf4 7#c7 ,d]ivative product ,! t]m d]ivative product-- 7,a7 means a good t incorporates a critical m9]al2 & 7,b7 includes-- 7i7 a semi-f9i%$ good1 su* z a semiconductor waf]1 anode1 or ca?ode2 & 7ii7 a f9al product1 su* z a p]man5t magnet1 motor1 electric vehicle1 batt]y1 sm>tphone1 microprocessor1 rad> sy/em1 w9d turb9e or a compon5t ( a w9d turb9e1 or advanc$ optical device4 7#d7 ,=eign c\ntry ( conc]n ,! t]m =eign c\ntry ( conc]n-- 7,a7 has ! mean+ giv5 t t]m 9 section #iija ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba 7#ae ,u4,s4,c4 #dfea72 & 7,b7 includes ,v5ezuela4 7#e7 ,=eign entity ( conc]n ,! t]m =eign entity ( conc]n means an entity t is organiz$ "u ! laws (1 or o!rwise subject to ! jurisdiction (1 a =eign c\ntry ( conc]n4 7#f7 ,process$ ,! t]m process$1 ) respect to a critical m9]al1 means ! m9]al has und]gone ! activities t occur aft] critical m9]al ore is extract$ f a m9e up ?r\gh its conv]sion into a metal1 metal p[d]1 or a ma/] alloy4 7#g7 ,select d]ivative product ,! t]m select d]ivative product means a p]man5t magnet1 a li?ium-ion batt]y = an electrical vehicle1 a li?ium-ion batt]y = a vehicle t is n an electrical vehicle1 or a "p = a batt]y t is n a li?ium-ion batt]y4 7#h7 ,trade ,repres5tative ,! t]m ,trade ,repres5tative means ! ,unit$ ,/ates ,trade ,repres5tative4 #d4 ,critical ,m9]als ,security ,alliance 7a7 ,au?orization = negotiations 7#a7 ,9 g5]al ,! ,trade ,repres5tative may ent] into negotiations ) c\ntries to ent] into an alliance1 to be kn[n z ! ,critical ,m9]als ,security ,alliance 79 ?is section ref]r$ to z ! ,alliance71 to e/abli% a reliable supply *a9 ( critical m9]als4 7#b7 ,consultations ,:ile conduct+ negotiations "u p>agraph 7#a71 ! ,trade ,repres5tative %all consult ) ! ,secret>y ( ,comm]ce1 ! ,secret>y ( ! ,treasury1 & ! ,secret>y ( ,/ate4 7b7 ,eligibility crit]ia ,a c\ntry is eligible to ent] into ! ,alliance if ! gov]nm5t ( ! c\ntry agrees-- 7#a7 to increase ! rates ( duty ! c\ntry *>ges = m9$ & process$ critical m9]als & select d]ivative products s\rc$ f =eign c\ntries ( conc]n & =eign entities ( conc]n to rates t are n less ?an ! rates ( duty = m9$ & process$ critical m9]als & select d]ivative products1 respectively1 s\rc$ f ! ,p's ,republic ( ,*9a impos$ by ! ,unit$ ,/ates pursuant to section #cja ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bdaa7 & 9 effect on ,janu>y #a1 #bjbf2 7#b7 to meet & p>ticipate 9 regul> meet+s ( ! ,alliance2 7#c7 to cont9ually review ! capacity ( ! c\ntry to extract & process critical m9]als & %>e ! results ( ^? reviews ) o!r c\ntries t are memb]s ( ! ,alliance2 7#d7 to elim9ate duties on imports ( m9$ & process$ critical m9]als & select d]ivative products f c\ntries t are memb]s ( ! ,alliance 7o!r ?an antidump+ & c\nt]vail+ duties impos$ "u title ,,vii ( ! ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4 #afga et seq4772 & 7#e7 to take actions t are complem5t>y to ! actions ( ! ,unit$ ,/ates to address unfair trade policies ( a c\ntry t is n a memb] ( ! ,alliance1 includ+ actions-- 7,a7 to address ! pot5tial illicit %ipm5t ( critical m9]als & d]ivative products1 specifically trans%ipm5t t is int5d$ to circumv5t duties1 evade cu/oms en=cem5t1 or obfuscate ! orig9 ( products produc$ 9 :ole or 9 "p ) =c$ labor2 7,b7 to e/abli% or ma9ta9 robu/ inve/m5t scre5+ me*anisms1 includ+ = scre5+ inve/m5ts 9 entities t produce critical m9]als & d]ivative products2 & 7,c7 to ensure effective trade rem$ies aga9/ imports ( critical m9]als & d]ivative products s\rc$ f =eign c\ntries ( conc]n or =eign entities ( conc]n4 7c7 ,engagem5t2 implem5tation ,! ,trade ,repres5tative-- 7#a7 %all engage ) c\ntries t are trad+ p>tn]s ( ! ,unit$ ,/ates & enc\rage ^? c\ntries to take ! measures necess>y to comply ) ! eligibility crit]ia describ$ 9 subsection 7b72 & 7#b7 may all[ su* a c\ntry-- 7,a7 to phase 91 ov] a p]iod ( n m ?an #e ye>s1 ! increases 9 ! rates ( duty describ$ 9 subsection 7b77#a72 or 7,b7 in/ead ( increases to su* rates1 to adopt measures comp>able to1 or great] 9 effect ?an1 ! trade rem$ies available "u title ,,iii ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bdaa et seq471 su* z prohibitions or quotas on ! importation into ! c\ntry ( m9$ & process$ critical m9]als & select d]ivative products s\rc$ f =eign c\ntries ( conc]n & =eign entities ( conc]n4 7d7 ,c]tifications ( eligibility 7#a7 ,9 g5]al ,if ! ,trade ,repres5tative det]m9es t a c\ntry complies ) ! eligibility crit]ia describ$ 9 subsection 7b71 ! ,trade ,repres5tative %all c]tify to ! appropriate congressional committees t ! c\ntry is eligible = admittance into ! ,alliance4 7#b7 ,notice ,! submission ( a c]tification "u p>agraph 7#a7 ) respect to a c\ntry %all be consid]$ notice ( ! int5tion ( ! ,trade ,repres5tative to ent] into an agreem5t provid+ = ! admittance ( ! c\ntry 9 ! ,alliance = purposes ( subsection 7i74 7e7 ,negotiat+ objectives ,9 conduct+ negotiations "u subsection 7a7 = an agreem5t to e/abli% ! ,alliance1 ! ,trade ,repres5tative %all include 9 ! agreem5t provisions to e/abli% a reliable supply *a9 =-- 7#a7 n less ?an #ij p]c5t ( ! critical m9]als on ! li/ requir$ by section #gjjb7;c77#a7 ( ! ,en]gy ,act ( #bjbj 7#cj ,u4,s4,c4 #afjf7;c77#a772 & 7#b7 #ajj p]c5t ( select d]ivative products4 7f7 ,entry into =ce ,an agreem5t = ! admittance ( a c\ntry into ! ,alliance may ent] into =ce if-- 7#a7 a jo9t resolution ( approval is enact$ into law "u subsection 7i7 aft] ! submission ( a c]tification t ! c\ntry is eligible = admittance into ! ,alliance "u subsection 7d72 or 7#b7 a p]iod ( #ij days has elaps$ aft] ! submission ( a c]tification t ! c\ntry is eligible = admittance into ! ,alliance "u subsection 7d7 & a jo9t resolution ( disapproval is n enact$ into law "u subsection 7i7 dur+ t #ij-;day p]iod4 7g7 ,duty-,free treatm5t aft] entry into =ce ,^u ! entry into =ce ( an agreem5t provid+ = ! admittance ( a c\ntry into ! ,alliance1 m9$ & process$ critical m9]als & select d]ivative products import$ f ! c\ntry %all-- 7#a7 ent] ! ,unit$ ,/ates free ( duty2 & 7#b7 be exempt f any duties impos$ "u section #cja ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bdaa7 or section #bcb ( ! ,trade ,expansion ,act ( #aifb 7#ai ,u4,s4,c4 #ahfb7 on or aft] ! date ( entry into =ce ( ! agreem5t4 7h7 ,modifications to agreem5ts ,a modification to an agreem5t provid+ = ! admittance ( a c\ntry into ! ,alliance %all take effect if-- 7#a7 ! ,trade ,repres5tative submits to ! appropriate congressional committees notice ( ! int5tion ( ! ,trade ,repres5tative to agree to ! modification2 & 7#b7 7,a7 a jo9t resolution ( approval is enact$ into law "u subsection 7h7 aft] ! submission ( t notice2 or 7,b7 a p]iod ( #ij days has elaps$ aft] ! submission ( t notice & a jo9t resolution ( disapproval is n enact$ into law "u subsection 7h7 dur+ t #ij-;day p]iod4 7i7 ,jo9t resolutions 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ action ,! t]m cov]$ action means-- 7i7 ! entry into an agreem5t provid+ = ! admittance ( a c\ntry into ! ,alliance2 or 7ii7 a modification to su* an agreem5t4 7,b7 ,cov]$ jo9t resolution ,! t]m cov]$ jo9t resolution means a jo9t resolution ( approval or a jo9t resolution ( disapproval4 7,c7 ,jo9t resolution ( approval ,! t]m jo9t resolution ( approval means a jo9t resolution ! sole matt] aft] ! resolv+ clause ( :i* is ! foll[+3 ,t ,congress approves ! cov]$ action relat+ to 1 notice ( :i* 0 submitt$ to ,congress on "u section #d ( ! ,re/or+ ,am]ican ,m9]al ,security ,act ( #bjbe41 ) ! fir/ blank space be+ fill$ ) a brief description ( ! cov]$ action & ! second blank space be+ fill$ ) ! appropriate date4 7,d7 ,jo9t resolution ( disapproval ,! t]m jo9t resolution ( disapproval means a jo9t resolution ! sole matt] aft] ! resolv+ clause ( :i* is ! foll[+3 ,t ,congress does n approve ! cov]$ action relat+ to 1 notice ( :i* 0 submitt$ to ,congress on "u section #d ( ! ,re/or+ ,am]ican ,m9]al ,security ,act ( #bjbe41 ) ! fir/ blank space be+ fill$ ) a brief description ( ! cov]$ action & ! second blank space be+ fill$ ) ! appropriate date4 7#b7 ,introduction ,a cov]$ jo9t resolution may be introduc$ 9 ! ,s5ate or ! ,h\se ( ,repres5tatives by any ,memb] ( ! ,s5ate or ! ,h\se1 respectively4 7#c7 ,consid]ation ,! provisions ( subsections 7b7 ?r\gh 7f7 ( section #aeb ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #baib7 %all apply to a cov]$ jo9t resolution to ! same ext5t & 9 ! same mann] z su* subsections apply to resolutions describ$ 9 su* section #aeb4 7#d7 ,rules ( s5ate & h\se ( repres5tatives ,?is subsection is enact$ by ,congress-- 7,a7 z an ex]cise ( ! rulemak+ p[] ( ! ,s5ate & ! ,h\se ( ,repres5tatives1 respectively1 & z su* is deem$ a "p ( ! rules ( ea* ,h\se1 respectively1 b applicable only ) respect to ! proc$ure to be foll[$ 9 t ,h\se 9 ! case ( a jo9t resolution "u ?is subsection1 & sup]s$es o!r rules only to ! ext5t t x is inconsi/5t ) su* rules2 & 7,b7 ) full recognition ( ! con/itutional "r ( ei!r ,h\se to *ange ! rules 7s f> z relat+ to ! proc$ure ( t ,h\se7 at any "t1 9 ! same mann]1 & to ! same ext5t z 9 ! case ( any o!r rule ( t ,h\se4 7j7 ,reviews by ,unit$ ,/ates 7#a7 ,9 g5]al ,n lat] ?an #e ye>s aft] ! entry into =ce ( ! fir/ agreem5t provid+ = ! admittance ( a c\ntry into ! ,alliance1 & e #e ye>s !reaft] :ile ! ,alliance rema9s 9 effect1 ! ,trade ,repres5tative1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 %all-- 7,a7 review ! capacity ( ! ,unit$ ,/ates to extract & process critical m9]als to det]m9e :e!r x is appropriate to t]m9ate or modify ! ,alliance2 & 7,b7 if comm]cially significant quantities ( a critical m9]al are produc$ 9 ! ,unit$ ,/ates1 consid] seek+ ! removal ( t critical m9]al f ! products cov]$ by ! ,alliance4 7#b7 ,fir/ review ,z "p ( ! fir/ review conduct$ "u p>agraph 7#a71 ! ,trade ,repres5tative %all assess ! feasibility & advisability (-- 7,a7 exp&+ ! scope ( products cov]$ by ! ,alliance to include d]ivative products2 or 7,b7 o!rwise exp&+ or re/rict+ ! scope ( products cov]$ by ! ,alliance4 7#c7 ,review ( duty rates ,z "p ( ea* review conduct$ "u p>agraph 7#a71 ! ,trade ,repres5tative %all assess :e!r c\ntries t are memb]s ( ! ,alliance %\ld adju/ ! rates ( duty impos$ on m9$ & process$ critical m9]als t are s\rc$ f =eign c\ntries ( conc]n or =eign entities ( conc]n4 7k7 ,annual reports ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,trade ,repres5tative %all submit to ! appropriate congressional committees a report t includes-- 7#a7 a description ( engagem5t ) c\ntries t are trad+ p>tn]s "u subsection 7c72 7#b7 ) respect to ea* su* c\ntry t ! ,trade ,repres5tative det]m9es does n meet ! eligibility crit]ia "u subsection 7b71 a detail$ description ( ! defici5cies ( ! gov]nm5t ( ! c\ntry 9 comply+ ) ! crit]ia2 & 7#c7 ! in=mation provid$ by c\ntries t are memb]s ( ! ,alliance ) respect to _! capacity to extract & process critical m9]als4 #e4 ,increase 9 duties on imports ( m9$ & process$ critical m9]als & select d]ivative products f =eign c\ntries & entities ( conc]n ,^u ! entry into =ce ( ! fir/ agreem5t provid+ = ! admittance ( a c\ntry into ! ,alliance "u section #d1 m9$ & process$ critical m9]als & select d]ivative products import$ into ! ,unit$ ,/ates & s\rc$ f a =eign c\ntry ( conc]n or =eign entity ( conc]n %all be subject to ! rate ( duty 9 effect on ,janu>y #a1 #bjbf1 & applicable to su* products s\rc$ f ! ,p's ,republic ( ,*9a pursuant to section #cja ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bdaa74 #f4 ,tru/ fund to support ,unit$ ,/ates critical m9]al m9+ & process+ projects 7a7 ,e/abli%m5t ( tru/ fund ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a tru/ fund1 consi/+ (-- 7#a7 am\nts transf]r$ to ! tru/ fund "u subsection 7b72 & 7#b7 any am\nts t may be cr$it$ to ! tru/ fund "u subsection 7c74 7b7 ,transf] ( am\nts 7#a7 ,9 g5]al ,= ! fir/ fiscal ye> 9 :i* a c\ntry has be5 admitt$ to ! ,critical ,m9]als ,security ,alliance "u section #d & ea* fiscal ye> !reaft] dur+ :i* ! ,alliance rema9s 9 effect1 ! ,secret>y ( ! ,treasury %all transf] to ! tru/ fund e/abli%$ "u subsection 7a71 f ! g5]al fund ( ! ,treasury1 an am\nt equival5t to ! am\nt receiv$ into ! g5]al fund dur+ t fiscal ye> & attributable to duties collect$ on m9$ & process$ critical m9]als import$ into ! ,unit$ ,/ates4 7#b7 ,frequ5cy ( transf]s ,! ,secret>y %all transf] am\nts requir$ by p>agraph 7#a7 to ! tru/ fund e/abli%$ "u subsection 7a7 n less frequ5tly ?an qu>t]ly4 7c7 ,inve/m5t ( am\nts 7#a7 ,inve/m5t ( am\nts ,! ,secret>y %all inve/ su* portion ( ! tru/ fund e/abli%$ "u subsection 7a7 z is n requir$ to meet curr5t )drawals 9 int]e/-be>+ obligations ( ! ,unit$ ,/ates or 9 obligations gu>ante$ z to bo? pr9cipal & int]e/ by ! ,unit$ ,/ates4 7#b7 ,int]e/ & proce$s ,! int]e/ on1 & ! proce$s f ! sale or r$emption (1 any obligations held 9 ! tru/ fund e/abli%$ "u subsection 7a7 %all be cr$it$ to & =m a "p ( ! tru/ fund4 7d7 ,availability ( am\nts 9 tru/ fund 7#a7 ,9 g5]al ,am\nts 9 ! tru/ fund e/abli%$ "u subsection 7a7 %all be available1 )\t fur!r appropriation1 z foll[s3 7,a7 #fj p]c5t ( su* am\nts %all be available to ! ,loan ,programs ,(fice ( ! ,dep>tm5t ( ,en]gy = activities to support projects relat+ to-- 7i7 m9+ or process+ critical m9]als2 or 7ii7 manufactur+ ( select d]ivative products4 7,b7 #bj p]c5t ( su* am\nts %all be available to ! ,dep>tm5t ( ,def5se = activities to support projects relat+ to-- 7i7 m9+ or process+ critical m9]als2 or 7ii7 manufactur+ ( select d]ivative products4 7,c7 #bj p]c5t ( su* am\nts %all be available to ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation to support int]national critical m9]al projects 9 c\ntries t are memb]s ( ! ,alliance4 7#b7 ,rule ( con/ruction ,no?+ 9 ?is subsection precludes a p]son f seek+ support = a project "u bo? subp>agraphs 7,a7 & 7,b7 ( p>agraph 7#a74 7e7 ,exception f c]ta9 limitation "u ,,build ,act ( #bjah 7#a7 ,9 g5]al ,= purposes ( provid+ support = projects "u subsection 7d77#b7-- 7,a7 ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation may provide support = projects 9 c\ntries ) upp]-middle-income economies or high-income economies 7z ^? t]ms are def9$ by ! ,_w ,bank72 7,b7 ! re/riction "u section #adab7;c77#b7 ( ! ,bett] ,utilization ( ,inve/m5ts ,lead+ to ,developm5t ,act ( #bjah 7#bb ,u4,s4,c4 #ifab7;c77#b77 %all n apply2 & 7,c7 ! ,corporation %all re/rict ! provision ( su* support 9 a c\ntry describ$ 9 subp>agraph 7,a7 unless ! ,presid5t c]tifies to ! appropriate committees ( ,congress t-- 7i7 su* support fur!rs ! national economic or =eign policy int]e/s ( ! ,unit$ ,/ates2 7ii7 su* support is-- 7,i7 design$ to produce significant developm5tal outcomes or provide developm5tal b5efits to ! poore/ population ( t c\ntry2 or 7,,ii7 necess>y to preempt or c\nt] ef=ts by a /rategic competitor ( ! ,unit$ ,/ates to secure significant political or economic lev]age or acquire national security-s5sitive te*nologies or infra/ructure 9 a c\ntry t is an ally or p>tn] ( ! ,unit$ ,/ates2 & 7iii7 7,i7 a ,unit$ ,/ates entity is p>ticipat+ 9 ! project = :i* ! support is provid$2 or 7,,ii7 n less ?an #ej p]c5t ( ! critical m9]als produc$ by ! project w be (f]$ = sale to ! ,dep>tm5t ( ,def5se & ,unit$ ,/ates entities be=e be+ (f]$ = sale to o!r entities4 7#b7 ,def9itions ,9 ?is subsection3 7,a7 ,appropriate committees ( ,congress ,! t]m appropriate committees ( ,congress means-- 7i7 ! ,committee on ,=eign ,relations & ! ,committee on ,f9ance ( ! ,s5ate2 & 7ii7 ! ,committee on ,=eign ,affairs & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4 7,b7 ,less develop$ c\ntry ,! t]m less develop$ c\ntry has ! mean+ giv5 t t]m 9 section #adjb ( ! ,bett] ,utilization ( ,inve/m5ts ,lead+ to ,developm5t ,act ( #bjah 7#bb ,u4,s4,c4 #ifja74 7,c7 ,unit$ ,/ates entity ,! t]m ,unit$ ,/ates entity means an entity organiz$ "u ! laws ( ! ,unit$ ,/ates or any jurisdiction )9 ! ,unit$ ,/ates4