HB4977: Critical Mineral Access Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Better Utilization of Investments Leading to Development Act of 2018 to provide support in high-income economy countries for projects involving development or processing of certain critical materials.
Plain-language summary
This bill would expand a 2018 international development law to allow US support for projects in wealthy countries that develop or process critical materials. Critical materials are rare or hard-to-find substances needed for technology, defense, and energy. The bill focuses on helping high-income countries access these materials through better development and processing projects. The bill was recently introduced in Congress and is currently under review.
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HB4977: Critical Mineral Access Act