A Capitol idea: This U.S. bipartisan bill aims to reduce America’s critical minerals dependency (Resource Clips – May 7, 2019)

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This won’t be the first time Washington has seen such a proposal. Announced last week, the American Mineral Security Act encourages the development of domestic resources and supply chains to produce minerals considered essential to the country’s well-being.

But the chief backer, Alaska Republican Senator Lisa Murkowski, acknowledges having introduced similar standalone legislation previously, as well as addressing the topic in a previous energy bill.

This time, however, the proposal takes place amid growing concern. In late 2017, following a U.S. Geological Survey report that provided the first comprehensive review of the subject since 1973, President Donald Trump called for a “federal strategy to ensure secure and reliable supplies of critical minerals.”

In early 2018 the U.S. Department of the Interior formally classified 35 minerals as critical. A September 2018 report responded to the presidential order, urging programs to address supply chain challenges that leave the U.S. relying heavily on countries like Russia and especially China. Even so, Murkowski and the other three senators think Washington needs a little push.

“I greatly appreciate the administration’s actions to address this issue but congress needs to complement them with legislation,” she said. “Our bill takes steps that are long overdue to reverse our damaging foreign dependence and position ourselves to compete in growth industries like electric vehicles and energy storage.”

For the rest of this article: http://resourceclips.com/2019/05/07/a-capitol-idea/

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