Us Congress 2023-2024 Regular Session

Us Congress House Bill HB2888 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	118THCONGRESS
3	3	1
4	4	STSESSION H. R. 2888
5	5	To require the Secretary of Energy to establish a program to incentivize
6	6	investment in facilities that carry out the metallurgy of rare earth ele-
7	7	ments and the production of finished rare earth products, and for other
8	8	purposes.
9	9	IN THE HOUSE OF REPRESENTATIVES
10	10	APRIL26, 2023
11	11	Mr. T
12	12	ONYGONZALESof Texas introduced the following bill; which was re-
13	13	ferred to the Committee on Energy and Commerce, and in addition to
14	14	the Committees on Foreign Affairs, Education and the Workforce, and
15	15	Financial Services, for a period to be subsequently determined by the
16	16	Speaker, in each case for consideration of such provisions as fall within
17	17	the jurisdiction of the committee concerned
18	18	A BILL
19	19	To require the Secretary of Energy to establish a program
20	20	to incentivize investment in facilities that carry out the
21	21	metallurgy of rare earth elements and the production
22	22	of finished rare earth products, and for other purposes.
23	23	Be it enacted by the Senate and House of Representa-1
24	24	tives of the United States of America in Congress assembled, 2
25	25	SECTION 1. SHORT TITLE. 3
26	26	This Act may be cited as the ‘‘Obtaining National 4
27	27	and Secure Homeland Operations for Rare Earth Manu-5
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30	30	•HR 2888 IH
31	31	facturing Act of 2023’’ or the ‘‘ONSHORE Manufac-1
32	32	turing Act of 2023’’. 2
33	33	SEC. 2. DEFINITIONS. 3
34	34	In this Act: 4
35	35	(1) A
36	36	PPROPRIATE COMMITTEES OF CON -5
37	37	GRESS.—The term ‘‘appropriate committees of Con-6
38	38	gress’’ means— 7
39	39	(A) the Select Committee on Intelligence, 8
40	40	the Committee on Energy and Natural Re-9
41	41	sources, the Committee on Commerce, Science, 10
42	42	and Transportation, the Committee on Foreign 11
43	43	Relations, the Committee on Armed Services, 12
44	44	the Committee on Appropriations, the Com-13
45	45	mittee on Banking, Housing, and Urban Af-14
46	46	fairs, the Committee on Homeland Security and 15
47	47	Governmental Affairs, and the Committee on 16
48	48	Finance of the Senate; and 17
49	49	(B) the Permanent Select Committee on 18
50	50	Intelligence, the Committee on Energy and 19
51	51	Commerce, the Committee on Foreign Affairs, 20
52	52	the Committee on Armed Services, the Com-21
53	53	mittee on Science, Space, and Technology, the 22
54	54	Committee on Appropriations, the Committee 23
55	55	on Financial Services, the Committee on Home-24
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58	58	•HR 2888 IH
59	59	land Security, and the Committee on Ways and 1
60	60	Means of the House of Representatives. 2
61	61	(2) C
62	62	OVERED ENTITY.—The term ‘‘covered en-3
63	63	tity’’ means a private entity, a consortium of private 4
64	64	entities, or a consortium of public and private enti-5
65	65	ties with a demonstrated ability to substantially fi-6
66	66	nance, construct, expand, or technologically upgrade 7
67	67	a covered facility. 8
68	68	(3) C
69	69	OVERED FACILITY.—The term ‘‘covered 9
70	70	facility’’ means a facility located in a State that car-10
71	71	ries out the metallurgy of rare earth elements for 11
72	72	the production of finished rare earth products. 12
73	73	(4) C
74	74	OVERED INCENTIVE.—The term ‘‘covered 13
75	75	incentive’’ means— 14
76	76	(A) an incentive offered by a Federal, 15
77	77	State, local, or Tribal governmental entity to a 16
78	78	covered entity for the purposes of— 17
79	79	(i) constructing within the jurisdiction 18
80	80	of the governmental entity a covered facil-19
81	81	ity; or 20
82	82	(ii) expanding or technologically up-21
83	83	grading an existing facility within that ju-22
84	84	risdiction to be a covered facility; and 23
85	85	(B) a workforce-related incentive (includ-24
86	86	ing a grant agreement relating to workforce 25
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89	89	•HR 2888 IH
90	90	training or vocational education), any conces-1
91	91	sion with respect to real property, funding for 2
92	92	research and development with respect to rare 3
93	93	earth elements and finished rare earth prod-4
94	94	ucts, and any other incentive determined appro-5
95	95	priate by the Secretary, in consultation with the 6
96	96	Secretary of State. 7
97	97	(5) F
98	98	INISHED RARE EARTH PRODUCT .—The 8
99	99	term ‘‘finished rare earth product’’ means a product 9
100	100	composed of significant quantities of rare earth ele-10
101	101	ments, including— 11
102	102	(A) metals; 12
103	103	(B) alloys; and 13
104	104	(C) permanent magnets. 14
105	105	(6) F
106	106	OREIGN ENTITY.— 15
107	107	(A) I
108	108	N GENERAL.—The term ‘‘foreign enti-16
109	109	ty’’ means— 17
110	110	(i) a government of a foreign country 18
111	111	and a foreign political party; 19
112	112	(ii) a natural person who is not— 20
113	113	(I) a lawful permanent resident 21
114	114	of the United States; 22
115	115	(II) a citizen or national of the 23
116	116	United States; or 24
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119	119	•HR 2888 IH
120	120	(III) any other protected indi-1
121	121	vidual (as defined in section 2
122	122	274B(a)(3) of the Immigration and 3
123	123	Nationality Act (8 U.S.C. 4
124	124	1324b(a)(3))); and 5
125	125	(iii) a partnership, association, cor-6
126	126	poration, organization, or other combina-7
127	127	tion of persons organized under the laws of 8
128	128	or having its principal place of business in 9
129	129	a foreign country. 10
130	130	(B) I
131	131	NCLUSIONS.—The term ‘‘foreign enti-11
132	132	ty’’ includes— 12
133	133	(i) any person owned by, controlled 13
134	134	by, or subject to the jurisdiction or direc-14
135	135	tion of an entity described in subparagraph 15
136	136	(A); 16
137	137	(ii) any person, wherever located, who 17
138	138	acts as an agent, representative, or em-18
139	139	ployee of an entity described in subpara-19
140	140	graph (A); 20
141	141	(iii) any person who acts in any other 21
142	142	capacity at the order, request, or under the 22
143	143	influence, direction, or control, of— 23
144	144	(I) an entity described in sub-24
145	145	paragraph (A); or 25
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148	148	•HR 2888 IH
149	149	(II) a person the activities of 1
150	150	which are directly or indirectly super-2
151	151	vised, directed, controlled, financed, or 3
152	152	subsidized in whole or in majority 4
153	153	part by an entity described in sub-5
154	154	paragraph (A); 6
155	155	(iv) any person who directly or indi-7
156	156	rectly through any contract, arrangement, 8
157	157	understanding, relationship, or otherwise, 9
158	158	owns 25 percent or more of the equity in-10
159	159	terests of an entity described in subpara-11
160	160	graph (A); 12
161	161	(v) any person with significant re-13
162	162	sponsibility to control, manage, or direct 14
163	163	an entity described in subparagraph (A); 15
164	164	(vi) any person, wherever located, who 16
165	165	is a citizen or resident of a country con-17
166	166	trolled by an entity described in subpara-18
167	167	graph (A); and 19
168	168	(vii) any corporation, partnership, as-20
169	169	sociation, or other organization organized 21
170	170	under the laws of a country controlled by 22
171	171	an entity described in subparagraph (A). 23
172	172	(7) F
173	173	OREIGN ENTITY OF CONCERN .— 24
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176	176	•HR 2888 IH
177	177	(A) IN GENERAL.—The term ‘‘foreign enti-1
178	178	ty of concern’’ means any foreign entity that 2
179	179	is— 3
180	180	(i) designated as a foreign terrorist 4
181	181	organization by the Secretary of State 5
182	182	under section 219 of the Immigration and 6
183	183	Nationality Act (8 U.S.C. 1189); 7
184	184	(ii) included on the list of specially 8
185	185	designated nationals and blocked persons 9
186	186	maintained by the Office of Foreign Assets 10
187	187	Control of the Department of the Treas-11
188	188	ury; 12
189	189	(iii) owned by, controlled by, or sub-13
190	190	ject to the jurisdiction, direction, or other-14
191	191	wise under the undue influence of a gov-15
192	192	ernment of a covered nation (as defined in 16
193	193	section 4872(d) of title 10, United States 17
194	194	Code); 18
195	195	(iv) alleged by the Attorney General 19
196	196	to have been involved in activities for 20
197	197	which a conviction was obtained under— 21
198	198	(I) chapter 37 of title 18, United 22
199	199	States Code (commonly known as the 23
200	200	‘‘Espionage Act’’); 24
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203	203	•HR 2888 IH
204	204	(II) section 951 or 1030 of title 1
205	205	18, United States Code; 2
206	206	(III) chapter 90 of title 18, 3
207	207	United States Code (commonly known 4
208	208	as the ‘‘Economic Espionage Act of 5
209	209	1996’’); 6
210	210	(IV) the Arms Export Control 7
211	211	Act (22 U.S.C. 2751 et seq.); 8
212	212	(V) section 224, 225, 226, 227, 9
213	213	or 236 of the Atomic Energy Act of 10
214	214	1954 (42 U.S.C. 2274–2278; 2284); 11
215	215	(VI) the Export Control Reform 12
216	216	Act of 2018 (50 U.S.C. 4801 et seq.); 13
217	217	or 14
218	218	(VII) the International Emer-15
219	219	gency Economic Powers Act (50 16
220	220	U.S.C. 1701 et seq.); or 17
221	221	(v) determined by the Secretary, in 18
222	222	consultation with the Secretary of Defense 19
223	223	and the Director of National Intelligence, 20
224	224	to be engaged in unauthorized conduct 21
225	225	that is detrimental to the national security 22
226	226	or foreign policy of the United States 23
227	227	under this Act. 24
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230	230	•HR 2888 IH
231	231	(B) EXCLUSION.—The term ‘‘foreign enti-1
232	232	ty of concern’’ does not include any entity with 2
233	233	respect to which 1 or more foreign entities de-3
234	234	scribed in subparagraph (A) owns less than 10 4
235	235	percent of the equity interest. 5
236	236	(8) G
237	237	OVERNMENTAL ENTITY .—The term ‘‘gov-6
238	238	ernmental entity’’ means— 7
239	239	(A) a State; and 8
240	240	(B) a local government of a State. 9
241	241	(9) I
242	242	NTELLIGENCE COMMUNITY .—The term 10
243	243	‘‘intelligence community’’ has the meaning given the 11
244	244	term in section 3 of the National Security Act of 12
245	245	1947 (50 U.S.C. 3003). 13
246	246	(10) M
247	247	ETALLURGY.—The term ‘‘metallurgy’’ 14
248	248	means the process of producing finished rare earth 15
249	249	products from purified rare earth elements. 16
250	250	(11) M
251	251	INERALS SECURITY PARTNERSHIP .—The 17
252	252	term ‘‘Minerals Security Partnership’’ means the 18
253	253	Minerals Security Partnership established in June 19
254	254	2022. 20
255	255	(12) P
256	256	ERSON.—The term ‘‘person’’ includes an 21
257	257	individual, partnership, association, corporation, or-22
258	258	ganization, or any other combination of individuals. 23
259	259	(13) P
260	260	RIVATE CAPITAL.—The term ‘‘private 24
261	261	capital’’ has the meaning given the term in section 25
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264	264	•HR 2888 IH
265	265	103 of the Small Business Investment Act of 1958 1
266	266	(15 U.S.C. 662). 2
267	267	(14) R
268	268	ARE EARTH ELEMENT .—The term ‘‘rare 3
269	269	earth element’’ means a natural element associated 4
270	270	with— 5
271	271	(A) the metallic element scandium, with 6
272	272	atomic number 21; 7
273	273	(B) the metallic element yttrium, with 8
274	274	atomic number 39; or 9
275	275	(C) any of the series of 15 metallic ele-10
276	276	ments between lanthanum, with atomic number 11
277	277	57, and lutetium, with atomic number 71, on 12
278	278	the periodic table. 13
279	279	(15) S
280	280	ECRETARY.—The term ‘‘Secretary’’ 14
281	281	means the Secretary of Energy. 15
282	282	(16) S
283	283	TATE.—The term ‘‘State’’ means— 16
284	284	(A) each of the several States of the 17
285	285	United States; 18
286	286	(B) the District of Columbia; 19
287	287	(C) the Commonwealth of Puerto Rico; 20
288	288	(D) Guam; 21
289	289	(E) American Samoa; 22
290	290	(F) the Commonwealth of the Northern 23
291	291	Mariana Islands; 24
292	292	(G) the Federated States of Micronesia; 25
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295	295	•HR 2888 IH
296	296	(H) the Republic of the Marshall Islands; 1
297	297	(I) the Republic of Palau; and 2
298	298	(J) the United States Virgin Islands. 3
299	299	SEC. 3. RARE EARTH METALLURGY FINANCING. 4
300	300	(a) F
301	301	INANCIALASSISTANCEPROGRAM.— 5
302	302	(1) I
303	303	N GENERAL.—The Secretary shall establish 6
304	304	in the Department of Energy a program to provide 7
305	305	Federal financial assistance to covered entities to 8
306	306	incentivize investment in covered facilities, subject to 9
307	307	the availability of appropriations for that purpose. 10
308	308	(2) P
309	309	ROCEDURE.— 11
310	310	(A) I
311	311	N GENERAL.—A covered entity seek-12
312	312	ing financial assistance under this subsection 13
313	313	shall submit to the Secretary an application 14
314	314	that describes the project for which the covered 15
315	315	entity is seeking financial assistance. 16
316	316	(B) E
317	317	LIGIBILITY.—In order for a covered 17
318	318	entity to qualify for financial assistance under 18
319	319	this subsection, the covered entity shall dem-19
320	320	onstrate to the Secretary, in the application 20
321	321	submitted by the covered entity under subpara-21
322	322	graph (A), that— 22
323	323	(i) the covered entity has a docu-23
324	324	mented interest in— 24
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327	327	•HR 2888 IH
328	328	(I) constructing a covered facil-1
329	329	ity; or 2
330	330	(II) expanding or technologically 3
331	331	upgrading a facility owned by the cov-4
332	332	ered entity to be a covered facility; 5
333	333	and 6
334	334	(ii) with respect to the project for 7
335	335	which the covered entity is seeking finan-8
336	336	cial assistance, the covered entity has— 9
337	337	(I) been offered a covered incen-10
338	338	tive; 11
339	339	(II) made commitments to work-12
340	340	er and community investment, includ-13
341	341	ing through— 14
342	342	(aa) training and education 15
343	343	benefits paid by the covered enti-16
344	344	ty; and 17
345	345	(bb) programs to expand 18
346	346	employment opportunity for eco-19
347	347	nomically disadvantaged individ-20
348	348	uals; 21
349	349	(III) secured commitments from 22
350	350	regional educational and training enti-23
351	351	ties and institutions of higher edu-24
352	352	cation to provide workforce training, 25
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355	355	•HR 2888 IH
356	356	including programming for training 1
357	357	and job placement of economically dis-2
358	358	advantaged individuals; and 3
359	359	(IV) an executable plan to sus-4
360	360	tain a covered facility without addi-5
361	361	tional Federal financial assistance 6
362	362	under this subsection for facility sup-7
363	363	port. 8
364	364	(C) A
365	365	PPLICATION REVIEW.— 9
366	366	(i) I
367	367	N GENERAL.—The Secretary may 10
368	368	not approve an application submitted by a 11
369	369	covered entity under subparagraph (A)— 12
370	370	(I) unless the Secretary— 13
371	371	(aa) confirms that the cov-14
372	372	ered entity has satisfied the eligi-15
373	373	bility criteria under subpara-16
374	374	graph (B); 17
375	375	(bb) determines that the 18
376	376	project for which the covered en-19
377	377	tity is seeking financial assist-20
378	378	ance is in the interest of the 21
379	379	United States; and 22
380	380	(cc) has notified the appro-23
381	381	priate committees of Congress 24
382	382	not later than 15 days before 25
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385	385	•HR 2888 IH
386	386	making any commitment to pro-1
387	387	vide an award of financial assist-2
388	388	ance to any covered entity in an 3
389	389	amount that exceeds 4
390	390	$10,000,000; or 5
391	391	(II) if the Secretary determines, 6
392	392	in consultation with the Director of 7
393	393	National Intelligence, that the covered 8
394	394	entity is a foreign entity of concern. 9
395	395	(ii) C
396	396	ONSIDERATION.—In reviewing 10
397	397	an application submitted by a covered enti-11
398	398	ty under subparagraph (A), the Secretary 12
399	399	may consider whether— 13
400	400	(I) the covered entity has pre-14
401	401	viously received financial assistance 15
402	402	under this subsection; 16
403	403	(II) the governmental entity of-17
404	404	fering the applicable covered incentive 18
405	405	has benefitted from financial assist-19
406	406	ance previously provided under this 20
407	407	subsection; 21
408	408	(III) the covered entity has dem-22
409	409	onstrated that the covered entity is re-23
410	410	sponsive to the national security needs 24
411	411	or requirements established by the in-25
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414	414	•HR 2888 IH
415	415	telligence community (or an agency 1
416	416	thereof), the National Nuclear Secu-2
417	417	rity Administration, or the Depart-3
418	418	ment of Defense; 4
419	419	(IV) if practicable, a consortium 5
420	420	that is considered a covered entity in-6
421	421	cludes a small business concern (as 7
422	422	defined under section 3 of the Small 8
423	423	Business Act (15 U.S.C. 632)), not-9
424	424	withstanding section 121.103 of title 10
425	425	13, Code of Federal Regulations (or 11
426	426	successor regulations); and 12
427	427	(V) the covered entity intends to 13
428	428	produce finished products for use by 14
429	429	the Department of Defense, the de-15
430	430	fense industry of the United States, 16
431	431	or critical energy infrastructure. 17
432	432	(iii) P
433	433	RIORITIZATION.—To the max-18
434	434	imum extent practicable, the Secretary 19
435	435	shall prioritize awarding financial assist-20
436	436	ance under this subsection to a covered en-21
437	437	tity that intends to make finished products 22
438	438	available for use by the Department of De-23
439	439	fense, the defense industry of the United 24
440	440	States, or critical energy infrastructure. 25
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443	443	•HR 2888 IH
444	444	(D) RECORDS.— 1
445	445	(i) I
446	446	N GENERAL.—The Secretary may 2
447	447	request records and information from a 3
448	448	covered entity that submitted an applica-4
449	449	tion under subparagraph (A) to review the 5
450	450	status of a covered entity. 6
451	451	(ii) R
452	452	EQUIREMENT.—The covered en-7
453	453	tity shall provide the records and informa-8
454	454	tion requested by the Secretary under 9
455	455	clause (i). 10
456	456	(3) A
457	457	MOUNT.— 11
458	458	(A) I
459	459	N GENERAL.—The Secretary shall de-12
460	460	termine the appropriate amount and funding 13
461	461	type for each financial assistance award pro-14
462	462	vided to a covered entity under this subsection. 15
463	463	(B) C
464	464	OST-SHARING REQUIREMENT .—The 16
465	465	total amount of financial assistance that may be 17
466	466	guaranteed by the Secretary under this sub-18
467	467	section shall be not more than 100 percent of 19
468	468	the private capital investment available to a 20
469	469	covered entity for any individual project. 21
470	470	(C) M
471	471	INIMUM INVESTMENT .—The total 22
472	472	Federal investment in any individual project re-23
473	473	ceiving a financial assistance award under this 24
474	474	subsection shall be not less than $100,000,000. 25
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477	477	•HR 2888 IH
478	478	(D) LARGER INVESTMENT .—The total 1
479	479	Federal investment in any individual project re-2
480	480	ceiving a financial assistance award under this 3
481	481	subsection shall not exceed $500,000,000, un-4
482	482	less the Secretary, in consultation with the Sec-5
483	483	retary of Defense and the Director of National 6
484	484	Intelligence, recommends to the President, and 7
485	485	the President certifies and reports to the appro-8
486	486	priate committees of Congress, that a larger in-9
487	487	vestment is necessary— 10
488	488	(i) to significantly increase the pro-11
489	489	portion of reliable domestic supply of fin-12
490	490	ished rare earth products relevant for na-13
491	491	tional security and economic competitive-14
492	492	ness that can be met through domestic 15
493	493	production; and 16
494	494	(ii) to meet the needs of national se-17
495	495	curity. 18
496	496	(4) U
497	497	SE OF FUNDS.—A covered entity that re-19
498	498	ceives a financial assistance award under this sub-20
499	499	section may only use the financial assistance award 21
500	500	amounts— 22
501	501	(A) to finance the construction of a cov-23
502	502	ered facility (including equipment) or the ex-24
503	503	pansion or technological upgrade of a facility 25
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505	505	pbinns on DSKJLVW7X2PROD with $$_JOB 18
506	506	•HR 2888 IH
507	507	(including equipment) of the covered entity to 1
508	508	be a covered facility, as documented in the ap-2
509	509	plication submitted by the covered entity under 3
510	510	paragraph (2)(A), as determined necessary by 4
511	511	the Secretary for purposes relating to the na-5
512	512	tional security and economic competitiveness of 6
513	513	the United States; 7
514	514	(B) to support workforce development for 8
515	515	a covered facility; and 9
516	516	(C) to support site development and tech-10
517	517	nological upgrade for a covered facility. 11
518	518	(5) C
519	519	LAWBACK.— 12
520	520	(A) M
521	521	AJOR AWARDS.— 13
522	522	(i) I
523	523	N GENERAL.—For all financial as-14
524	524	sistance awards provided to covered enti-15
525	525	ties under this subsection, the Secretary 16
526	526	shall, at the time of making the award, de-17
527	527	termine the target dates by which a cov-18
528	528	ered entity shall commence and complete 19
529	529	the applicable project. 20
530	530	(ii) P
531	531	ROGRESSIVE RECOVERY FOR 21
532	532	DELAYS.—If the covered entity receiving a 22
533	533	financial assistance award under this sub-23
534	534	section does not complete the applicable 24
535	535	project by the applicable target date deter-25
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537	537	pbinns on DSKJLVW7X2PROD with $$_JOB 19
538	538	•HR 2888 IH
539	539	mined under clause (i), the Secretary shall 1
540	540	progressively recover up to the full amount 2
541	541	of the award. 3
542	542	(iii) W
543	543	AIVER.—In the case of projects 4
544	544	that do not meet the applicable target date 5
545	545	determined under clause (i), the Secretary 6
546	546	may waive the requirement to recover the 7
547	547	financial award provided for the project 8
548	548	under clause (ii) after making a formal de-9
549	549	termination that circumstances beyond the 10
550	550	ability of the covered entity to foresee or 11
551	551	control are responsible for the delay. 12
552	552	(iv) C
553	553	ONGRESSIONAL NOTIFICA -13
554	554	TION.— 14
555	555	(I) I
556	556	N GENERAL.—Not later than 15
557	557	15 days after making a determination 16
558	558	to recover an award under clause (ii), 17
559	559	the Secretary shall notify the appro-18
560	560	priate committees of Congress of the 19
561	561	intent of the Secretary to recover the 20
562	562	award. 21
563	563	(II) W
564	564	AIVERS.—Not later than 22
565	565	15 days after the date on which the 23
566	566	Secretary provides a waiver under 24
567	567	clause (iii), the Secretary shall notify 25
568	568	VerDate Sep 11 2014 02:41 May 05, 2023 Jkt 039200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\H2888.IH H2888
569	569	pbinns on DSKJLVW7X2PROD with $$_JOB 20
570	570	•HR 2888 IH
571	571	the appropriate committees of Con-1
572	572	gress of the waiver. 2
573	573	(B) J
574	574	OINT RESEARCH, TECHNOLOGY LI-3
575	575	CENSING, AND INTELLECTUAL PROPERTY RE -4
576	576	PORTING.— 5
577	577	(i) I
578	578	N GENERAL.—Before entering 6
579	579	into an agreement with a foreign entity to 7
580	580	conduct joint research or technology licens-8
581	581	ing, or to share intellectual property, a 9
582	582	covered entity that has received a financial 10
583	583	assistance award under this subsection— 11
584	584	(I) shall notify the Secretary of 12
585	585	the intent to enter into such an agree-13
586	586	ment; and 14
587	587	(II) may only enter into such an 15
588	588	agreement if the Secretary determines 16
589	589	the foreign entity is not a foreign en-17
590	590	tity of concern. 18
591	591	(ii) D
592	592	ETERMINATION.—On receiving a 19
593	593	notification under clause (i), the Secretary, 20
594	594	in consultation with the Director of Na-21
595	595	tional Intelligence, the Director of the Na-22
596	596	tional Counterintelligence and Security 23
597	597	Center, and the Director of the Federal 24
598	598	Bureau of Investigation, shall make a de-25
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600	600	pbinns on DSKJLVW7X2PROD with $$_JOB 21
601	601	•HR 2888 IH
602	602	termination of whether the applicable for-1
603	603	eign entity is a foreign entity of concern. 2
604	604	(iii) T
605	605	ECHNOLOGY CLAWBACK .—The 3
606	606	Secretary shall recover the full amount of 4
607	607	a financial assistance award provided to a 5
608	608	covered entity under this subsection if, 6
609	609	during the applicable term of the award, 7
610	610	the covered entity knowingly engages in 8
611	611	any joint research, technology licensing, or 9
612	612	intellectual property sharing effort with a 10
613	613	foreign entity of concern that relates to a 11
614	614	technology or product that raises national 12
615	615	security concerns, as determined by the 13
616	616	Secretary, in consultation with the Direc-14
617	617	tor of National Intelligence, the Director of 15
618	618	the National Counterintelligence and Secu-16
619	619	rity Center, and the Director of the Fed-17
620	620	eral Bureau of Investigation, on the condi-18
621	621	tion that the determination of the Sec-19
622	622	retary shall have been communicated to 20
623	623	the covered entity before the covered entity 21
624	624	engaged in the joint research, technology 22
625	625	licensing, or intellectual property sharing. 23
626	626	(6) C
627	627	ONDITION OF RECEIPT.—A covered entity 24
628	628	to which the Secretary awards Federal financial as-25
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630	630	pbinns on DSKJLVW7X2PROD with $$_JOB 22
631	631	•HR 2888 IH
632	632	sistance under this subsection shall enter into an 1
633	633	agreement that specifies that, during the 5-year pe-2
634	634	riod immediately following the award of the Federal 3
635	635	financial assistance, the covered entity will not make 4
636	636	shareholder distributions in excess of profits. 5
637	637	(b) C
638	638	OORDINATIONREQUIRED.—In carrying out the 6
639	639	program established under subsection (a), the Secretary 7
640	640	shall coordinate with the Secretary of State, the Secretary 8
641	641	of Defense, the Secretary of Homeland Security, and the 9
642	642	Director of National Intelligence. 10
643	643	(c) GAO R
644	644	EVIEWS.—The Comptroller General of the 11
645	645	United States shall— 12
646	646	(1) not later than 2 years after the date of dis-13
647	647	bursement of the first financial award under the 14
648	648	program established under subsection (a), and bien-15
649	649	nially thereafter for 10 years, conduct a review of 16
650	650	the program, which shall include, at a minimum— 17
651	651	(A) a determination of the number of fi-18
652	652	nancial assistance awards provided under the 19
653	653	program during the period covered by the re-20
654	654	view; 21
655	655	(B) an evaluation of how— 22
656	656	(i) the program is being carried out, 23
657	657	including how recipients of financial assist-24
658	658	VerDate Sep 11 2014 02:41 May 05, 2023 Jkt 039200 PO 00000 Frm 00022 Fmt 6652 Sfmt 6201 E:\BILLS\H2888.IH H2888
659	659	pbinns on DSKJLVW7X2PROD with $$_JOB 23
660	660	•HR 2888 IH
661	661	ance awards are being selected under the 1
662	662	program; and 2
663	663	(ii) other Federal programs are lever-3
664	664	aged for manufacturing, research, and 4
665	665	training to complement the financial assist-5
666	666	ance awards provided under the program; 6
667	667	and 7
668	668	(C) a description of the outcomes of 8
669	669	projects supported by financial assistance 9
670	670	awards provided under the program, including a 10
671	671	description of— 11
672	672	(i) covered facilities that were con-12
673	673	structed or facilities that were expanded or 13
674	674	technologically upgraded to be covered fa-14
675	675	cilities as a result of financial assistance 15
676	676	awards provided under the program; 16
677	677	(ii) workforce training programs car-17
678	678	ried out with financial assistance awards 18
679	679	provided under the program, including ef-19
680	680	forts to hire individuals from disadvan-20
681	681	taged populations; and 21
682	682	(iii) the impact of projects receiving 22
683	683	financial assistance awards under the pro-23
684	684	gram on the United States share of global 24
685	685	finished rare earth product production; and 25
686	686	VerDate Sep 11 2014 02:41 May 05, 2023 Jkt 039200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\H2888.IH H2888
687	687	pbinns on DSKJLVW7X2PROD with $$_JOB 24
688	688	•HR 2888 IH
689	689	(2) submit to the appropriate committees of 1
690	690	Congress the results of each review conducted under 2
691	691	paragraph (1). 3
692	692	(d) A
693	693	UTHORIZATION OF APPROPRIATIONS.—There 4
694	694	are authorized to be appropriated to carry out this sec-5
695	695	tion— 6
696	696	(1) $1,500,000,000 for fiscal year 2024; and 7
697	697	(2) $200,000,000 for each of fiscal years 2025 8
698	698	through 2028. 9
699	699	SEC. 4. FUNDING FOR DEVELOPMENT OF SECURE RARE 10
700	700	EARTH SUPPLY CHAINS. 11
701	701	(a) M
702	702	INERALSSECURITYPARTNERSHIPFUND.— 12
703	703	(1) E
704	704	STABLISHMENT OF FUND .—The Secretary 13
705	705	of the Treasury may establish a trust fund, to be 14
706	706	known as the ‘‘Minerals Security Partnership Fund’’ 15
707	707	(referred to in this section as the ‘‘Fund’’), con-16
708	708	sisting of such amounts as are appropriated to the 17
709	709	Fund or credited to the Fund under paragraph (3). 18
710	710	(2) R
711	711	EPORTING REQUIREMENT .—If the Fund is 19
712	712	not established by not later than 180 days after the 20
713	713	date of enactment of this Act, on that date, and an-21
714	714	nually thereafter until the Fund is established, the 22
715	715	Secretary of the Treasury, in coordination with the 23
716	716	Secretary of State, shall provide, in writing, to the 24
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718	718	pbinns on DSKJLVW7X2PROD with $$_JOB 25
719	719	•HR 2888 IH
720	720	appropriate committees of Congress a rationale for 1
721	721	not establishing the Fund. 2
722	722	(3) I
723	723	NVESTMENT OF AMOUNTS .— 3
724	724	(A) I
725	725	NVESTMENT OF AMOUNTS .—If the 4
726	726	Fund is established, the Secretary of the Treas-5
727	727	ury may invest such portion of the Fund as is 6
728	728	not required to meet current withdrawals in in-7
729	729	terest-bearing obligations of the United States 8
730	730	or in obligations guaranteed as to both prin-9
731	731	cipal and interest by the United States. 10
732	732	(B) I
733	733	NTEREST AND PROCEEDS .—The in-11
734	734	terest on, and the proceeds from the sale or re-12
735	735	demption of, any obligations held in the Fund 13
736	736	shall be credited to and form a part of the 14
737	737	Fund. 15
738	738	(4) U
739	739	SE OF FUND.— 16
740	740	(A) I
741	741	N GENERAL.—Subject to subpara-17
742	742	graph (B), amounts in the Fund shall be avail-18
743	743	able, as provided in advance in an appropria-19
744	744	tions Act, to the Secretary of State— 20
745	745	(i) to provide funding through the 21
746	746	Minerals Security Partnership common 22
747	747	funding mechanism described in subsection 23
748	748	(b)(1) to support the development and 24
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750	750	pbinns on DSKJLVW7X2PROD with $$_JOB 26
751	751	•HR 2888 IH
752	752	adoption of secure rare earth supply 1
753	753	chains; and 2
754	754	(ii) to otherwise carry out this section. 3
755	755	(B) A
756	756	VAILABILITY CONTINGENT ON INTER -4
757	757	NATIONAL ARRANGEMENT OR AGREEMENT .— 5
758	758	(i) I
759	759	N GENERAL.—Amounts in the 6
760	760	Fund shall be available to the Secretary of 7
761	761	State, as provided in advance in an appro-8
762	762	priations Act, on and after the date on 9
763	763	which the Secretary of State enters into an 10
764	764	arrangement or agreement with the gov-11
765	765	ernments of countries that are partners of 12
766	766	the United States, as determined by the 13
767	767	Secretary of State, to participate in the 14
768	768	Minerals Security Partnership common 15
769	769	funding mechanism under subsection 16
770	770	(b)(1). 17
771	771	(ii) C
772	772	ONSULTATION.—Before entering 18
773	773	into an arrangement or agreement as de-19
774	774	scribed in clause (i), the Secretary of 20
775	775	State, in consultation with the Secretary of 21
776	776	Commerce, shall ensure that any govern-22
777	777	ment that will participate in the arrange-23
778	778	ment or agreement maintains export con-24
779	779	trol licensing policies with respect to ex-25
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781	781	pbinns on DSKJLVW7X2PROD with $$_JOB 27
782	782	•HR 2888 IH
783	783	ports of finished rare earth products sub-1
784	784	stantively equivalent to the United States 2
785	785	with respect to restrictions on such exports 3
786	786	to the People’s Republic of China. 4
787	787	(b) M
788	788	INERALSSECURITYPARTNERSHIPCOMMON 5
789	789	F
790	790	UNDINGMECHANISM FOR DEVELOPMENT OF SECURE 6
791	791	R
792	792	AREEARTHSUPPLYCHAINS.— 7
793	793	(1) I
794	794	N GENERAL.—The Secretary of State, in 8
795	795	consultation with the Secretary of Commerce, the 9
796	796	Secretary of Defense, the Secretary of Homeland Se-10
797	797	curity, the Secretary of the Treasury, the Director 11
798	798	of National Intelligence, and the Chief Executive Of-12
799	799	ficer of the United States International Development 13
800	800	Finance Corporation shall ensure that the Minerals 14
801	801	Security Partnership is a mutually beneficial funding 15
802	802	mechanism that, in coordination with the govern-16
803	803	ments of countries that are partners of the United 17
804	804	States, uses amounts from the Fund, or any other 18
805	805	available Federal funds, to support the development 19
806	806	and adoption of secure rare earth supply chains, in-20
807	807	cluding for— 21
808	808	(A) research and development collabora-22
809	809	tions among countries participating in the 23
810	810	mechanism; and 24
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813	813	•HR 2888 IH
814	814	(B) supplementing bids by foreign entities 1
815	815	that are not foreign entities of concern to se-2
816	816	cure offtake agreements with entities that mine 3
817	817	rare earth elements. 4
818	818	(2) C
819	819	ONTRIBUTIONS FROM PARTICIPATING 5
820	820	COUNTRIES.—In creating and sustaining the Min-6
821	821	erals Security Partnership common funding mecha-7
822	822	nism described in paragraph (1), the Secretary of 8
823	823	State shall seek to leverage amounts from the Fund 9
824	824	to secure contributions to the mechanism from the 10
825	825	governments of countries participating in the mecha-11
826	826	nism, including with respect to cost sharing and 12
827	827	other cooperative measures leading to the develop-13
828	828	ment and adoption of secure rare earth supply 14
829	829	chains. 15
830	830	(3) C
831	831	OMMITMENTS.—In creating and sustaining 16
832	832	the Minerals Security Partnership common funding 17
833	833	mechanism described in paragraph (1), the Sec-18
834	834	retary of State shall promote efforts among coun-19
835	835	tries participating in the mechanism— 20
836	836	(A) to establish transparency requirements 21
837	837	for any subsidies or other financial benefits (in-22
838	838	cluding revenue foregone) provided to rare 23
839	839	earth firms located in or outside such countries; 24
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842	842	•HR 2888 IH
843	843	(B) to establish processes similar to the 1
844	844	process of the Committee on Foreign Invest-2
845	845	ment in the United States under section 721 of 3
846	846	the Defense Production Act of 1950 (50 U.S.C. 4
847	847	4565) for intervening to preempt foreign enti-5
848	848	ties of concern from investing in, purchasing, or 6
849	849	assuming control of entities, intellectual prop-7
850	850	erty, and equipment that are created by or ben-8
851	851	efit from investments by the mechanism; 9
852	852	(C) to establish consistent policies with re-10
853	853	spect to countries that— 11
854	854	(i) are not participating in the mecha-12
855	855	nism; and 13
856	856	(ii) do not meet transparency require-14
857	857	ments established under subparagraph (A); 15
858	858	(D) to promote harmonized treatment of 16
859	859	finished rare earth products and verification 17
860	860	processes for raw materials or products being 18
861	861	exported to a country considered a national se-19
862	862	curity risk by the government of a country par-20
863	863	ticipating in the mechanism; 21
864	864	(E) to establish consistent policies among 22
865	865	the governments of countries participating in 23
866	866	the mechanism and common policies among 24
867	867	countries that are not participating to address 25
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870	870	•HR 2888 IH
871	871	nonmarket economy countries as the behavior 1
872	872	of such countries pertains to rare earth ele-2
873	873	ments; 3
874	874	(F) to align policies with respect to supply 4
875	875	chain integrity and security, including with re-5
876	876	spect to protection and enforcement of intellec-6
877	877	tual property rights; and 7
878	878	(G) to promote harmonized foreign direct 8
879	879	investment screening measures and export con-9
880	880	trol policies with respect to rare earth elements 10
881	881	to align with national, multilateral, and 11
882	882	plurilateral security priorities. 12
883	883	(c) A
884	884	NNUALREPORT TOCONGRESS.—Not later than 13
885	885	1 year after the date on which the Fund is established, 14
886	886	and annually thereafter for each fiscal year during which 15
887	887	amounts in the Fund are available under subsection 16
888	888	(a)(4), the Secretary of State shall submit to the appro-17
889	889	priate committees of Congress a report on the status of 18
890	890	the implementation of this section that includes a descrip-19
891	891	tion of— 20
892	892	(1) any commitments made by the governments 21
893	893	of countries that have entered into an arrangement 22
894	894	or agreement with the United States to provide 23
895	895	funding for the Minerals Security Partnership com-24
896	896	mon funding mechanism described in subsection 25
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899	899	•HR 2888 IH
900	900	(b)(1) and the specific amount so committed and 1
901	901	other cooperative measures being taken by such 2
902	902	countries as part of the mechanism; 3
903	903	(2) the criteria established for expenditure of 4
904	904	funds through the mechanism; 5
905	905	(3) how, and to whom, amounts have been ex-6
906	906	pended from the Fund and a description of progress 7
907	907	made in utilizing the Fund to support the objectives 8
908	908	described in subsection (b)(1); 9
909	909	(4) amounts remaining in the Fund; 10
910	910	(5) the progress of the Secretary of State to-11
911	911	ward entering into an arrangement or agreement 12
912	912	with the governments of countries that are partners 13
913	913	of the United States to participate in the Minerals 14
914	914	Security Partnership common funding mechanism 15
915	915	and the commitments described in subsection (b)(3); 16
916	916	and 17
917	917	(6) any additional authorities needed to en-18
918	918	hance the effectiveness of the Fund in achieving the 19
919	919	security goals of the United States. 20
920	920	(d) N
921	921	OTIFICATIONSTOBEPROVIDED BY THE 21
922	922	F
923	923	UND.— 22
924	924	(1) I
925	925	N GENERAL.—Not later than 15 days prior 23
926	926	to the Fund making a financial commitment associ-24
927	927	ated with the provision of expenditures under sub-25
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930	930	•HR 2888 IH
931	931	section (a)(4)(A) in an amount in excess of 1
932	932	$1,000,000, the Secretary of State shall submit to 2
933	933	the appropriate committees of Congress a report in 3
934	934	writing that includes the information described in 4
935	935	paragraph (2). 5
936	936	(2) I
937	937	NFORMATION REQUIRED .—The information 6
938	938	described in this paragraph is— 7
939	939	(A) the amount of each expenditure de-8
940	940	scribed in paragraph (1); 9
941	941	(B) an identification of the recipient or 10
942	942	beneficiary of each such expenditure; and 11
943	943	(C) a description of the project or activity 12
944	944	to be carried out and the purpose to be 13
945	945	achieved by each such expenditure. 14
946	946	(3) A
947	947	RRANGEMENTS OR AGREEMENTS .—The 15
948	948	Secretary of State shall notify the appropriate com-16
949	949	mittees of Congress not later than 30 days after en-17
950	950	tering into a new bilateral or multilateral arrange-18
951	951	ment or agreement described in subsection 19
952	952	(a)(4)(B). 20
953	953	(e) F
954	954	OREIGNENTITIES OFCONCERN.—A foreign en-21
955	955	tity of concern may not be a participant or beneficiary of 22
956	956	the Minerals Security Partnership common funding mech-23
957	957	anism described in subsection (b)(1). 24
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960	960	•HR 2888 IH
961	961	(f) APPLICABILITY TOEXISTINGFUND OF THEMIN-1
962	962	ERALSSECURITYPARTNERSHIP.—This section shall 2
963	963	apply to any fund in the Treasury that has been estab-3
964	964	lished before the date of enactment of this Act for use 4
965	965	of the Minerals Security Partnership. 5
966	966	SEC. 5. WORKFORCE DEVELOPMENT INITIATIVE. 6
967	967	As soon as practicable after the date of enactment 7
968	968	of this Act, the Secretary shall establish an initiative 8
969	969	under which the Secretary shall work with the Secretary 9
970	970	of Labor, the Director of the National Science Founda-10
971	971	tion, the Critical Minerals Subcommittee of the National 11
972	972	Science and Technology Council, the private sector, insti-12
973	973	tutions of higher education, and workforce training enti-13
974	974	ties to incentivize and expand participation in graduate 14
975	975	and undergraduate programs, and to develop workforce 15
976	976	training programs and apprenticeships, relating to ad-16
977	977	vanced rare earth element mining, separation, processing, 17
978	978	metallurgy, and advanced equipment maintenance capa-18
979	979	bilities. 19
980	980	SEC. 6. SUPPORT FOR FREELY ASSOCIATED STATES. 20
981	981	Section 1412(c) of the Better Utilization of Invest-21
982	982	ments Leading to Development Act of 2018 (22 U.S.C. 22
983	983	9612(c)) is amended by adding at the end the following: 23
984	984	‘‘(3) S
985	985	UPPORT FOR FREELY ASSOCIATED 24
986	986	STATES.—Notwithstanding the income classification 25
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989	989	•HR 2888 IH
990	990	of the country with which the geopolitical entity is 1
991	991	associated, the Corporation may provide support 2
992	992	under title II to a geopolitical entity that is included, 3
993	993	as of the date on which support is provided, on the 4
994	994	list of dependencies and areas of special sovereignty 5
995	995	prepared by the Department of State.’’. 6
996	996	SEC. 7. PROHIBITION RELATING TO FOREIGN ENTITIES OF 7
997	997	CONCERN. 8
998	998	None of the funds authorized to be appropriated to 9
999	999	carry out this Act may be provided to a foreign entity of 10
1000	1000	concern. 11
1001	1001	SEC. 8. DEFENSE PRODUCTION ACT OF 1950 EFFORTS. 12
1002	1002	(a) I
1003	1003	NGENERAL.—Not later than 180 days after the 13
1004	1004	date of enactment of this Act, the President shall submit 14
1005	1005	to Congress a report on a plan of action for any use of 15
1006	1006	authorities available in title III of the Defense Production 16
1007	1007	Act of 1950 (50 U.S.C. 4531 et seq.) to establish or en-17
1008	1008	hance a domestic production capability for finished rare 18
1009	1009	earth products and related technologies, subject to— 19
1010	1010	(1) the availability of appropriations for that 20
1011	1011	purpose; and 21
1012	1012	(2) a determination made under the plan pursu-22
1013	1013	ant to that title that— 23
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1016	1016	•HR 2888 IH
1017	1017	(A) finished rare earth products and re-1
1018	1018	lated technologies are essential to the national 2
1019	1019	defense; and 3
1020	1020	(B) domestic industrial capabilities are in-4
1021	1021	sufficient to meet those needs. 5
1022	1022	(b) C
1023	1023	OORDINATION.—The President shall develop the 6
1024	1024	plan of action required by subsection (a) in consultation 7
1025	1025	with any relevant head of a Federal agency, an advisory 8
1026	1026	committee established under section 708(d) of the Defense 9
1027	1027	Production Act of 1950 (50 U.S.C. 4558(d)), and appro-10
1028	1028	priate stakeholders in the private sector. 11
1029	1029	Æ
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1031	1031	pbinns on DSKJLVW7X2PROD with $$_JOB