STRATEGIC Minerals Act

Senate Bill

S. 429

119th Congress

STRATEGIC Minerals Act

In Committee

Introduced:Feb 5, 2025

Primary Sponsor

Todd Young

Senator

Republican

IN

Cosponsors

3

Quick Stats

Policy Area

Foreign Trade and International Finance

Summary

This bill allows the President to negotiate special trade agreements focused specifically on critical minerals and rare earth elements (materials essential for technology, defense, and manufacturing). These agreements would reduce trade barriers with partner countries while blocking benefits to countries considered security concerns, and would require Congressional approval.

Latest Action

Read twice and referred to the Committee on Finance.

SponsorTodd Young (R-IN)

Introduced2/5/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

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Vote Prediction

STRATEGIC Minerals Act

This bill allows the President to negotiate special trade agreements focused specifically on critical minerals and rare earth elements (materials essential for technology, defense, and manufacturing). These agreements would reduce trade barriers with partner c

Community Breakdown

Pass

0%

Fail

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0 predictions

This bill allows the President to negotiate special trade agreements focused specifically on critical minerals and rare earth elements (materials essential for technology, defense, and manufacturing). These agreements would reduce trade barriers with partner countries while blocking benefits to countries considered security concerns, and would require Congressional approval.

Bill Number: 429
Sponsor: Todd Young (R-IN)
Introduced: 2/5/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Foreign Trade and International Finance

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: STRATEGIC Minerals Act
Bill Number: 429
Sponsor: Todd Young (R-IN)
Status: Read twice and referred to the Committee on Finance.
Introduced: 2/5/2025
Summary: This bill allows the President to negotiate special trade agreements focused specifically on critical minerals and rare earth elements (materials essential for technology, defense, and manufacturing). These agreements would reduce trade barriers with partner countries while blocking benefits to coun

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill allows the President to negotiate special trade agreements focused specifically on critical minerals and rare earth elements (materials essential for technology, defense, and manufacturing). These agreements would reduce trade barriers with partner countries while blocking benefits to countries considered security concerns, and would require Congressional approval.

Last updated: 3/5/2026

Key Points

Main provisions of the bill

The President can negotiate trade agreements that focus exclusively on critical minerals and rare earth elements needed for technology and national defense.
Any agreement must include provisions preventing countries or companies considered foreign security threats from benefiting from the deal.
The U.S. Trade Representative must brief Congress within 120 days on whether such agreements are feasible and which countries would make good partners.
All agreements must be approved by Congress before taking effect.
The bill aims to secure reliable supplies of materials like lithium, cobalt, and rare earth elements that are essential for batteries, electronics, and military equipment.

How This Impacts Americans

Potential effects on citizens and communities

This bill primarily affects U.S. manufacturers and technology companies that depend on critical minerals for products like smartphones, electric vehicles, and defense systems. It could help reduce U.S. dependence on certain countries for these essential materials by creating new trade partnerships. Workers in mining, manufacturing, and technology sectors could see impacts depending on how supply chains shift under new trade agreements.

Policy Areas

Primary Policy Area

Foreign Trade and International Finance

Related Subjects

Civil actions and liability

Congressional oversight

Congressional-executive branch relations

Materials

Mining

Normal trade relations, most-favored-nation treatment

Strategic materials and reserves

Trade agreements and negotiations

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

429, 119th Congress (2025). "STRATEGIC Minerals Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-429

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