To amend the Better Utilization of Investments Leading to Development Act of 2018 to authorize support in high-income economy countries for projects involving development or processing of covered critical materials if such support furthers the national security interests of the United States.
Critical Mineral Access Act
This bill authorizes the U.S. International Development Finance Corporation to provide support to high-income economy countries for developing and processing specified critical materials if such support furthers U.S. national security interests. Critical materials include, for example, rare earth elements, aluminum, and uranium.
A high-income economy country is one with a per capita gross national income (GNI) that exceeds $12,695 for 2021. Current law limits the corporation's activities to facilitating the economic development of countries with a per capita GNI below that amount.
Introduced in House
Introduced in House
Referred to the House Committee on Foreign Affairs.
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