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Republican and Democrat join forces to break US reliance on China for critical materials

Republican and Democrat join forces to break US reliance on China for critical materials

Abby Smith of The Washington Examiner reports that a bipartisan bill has been introduced to break America’s reliance on China for critical minerals.

The C3 Take
  • Texas Reps. Lance Gooden, a Republican, and Vicente Gonzalez, a Democrat, have introduced legislation to bolster our domestic supply of critical minerals.
  • Critical minerals are vital for the production of renewable energy sources and military equipment.
  • The legislation would create tax incentives for domestic mining and recycling of critical minerals and establish a grant program in the Department of Interior to produce critical minerals.

“The bill would also create a grant program at the Interior Department to fund pilot projects to produce critical minerals, offering $50 million each year for three years starting in fiscal year 2022, according to the bill text.”

Read the full article.

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