Eli Lehrer of R Street writes in The Hill on Biden’s Defense Production Act power grab.
- President Biden recently invoked the Defense Production Act to increase domestic production of rare earth minerals.
- Increasing the production of these metals is important, but it should not be accomplished by giving the executive branch more power.
- If policymakers want to truly address this issue, they should reduce regulations for mining and making permitting more efficient.
“But with the president authorized to act unilaterally, Congress has no incentive to work on the harder issues it will eventually have to confront if it is serious about the increased production the United States will need to lead on technological innovations.”
Read the full article here.