Portions of the Republicans’ party-line spending and tax bill released over the weekend includes $2.5 billion to boost the nation’s stockpile of critical minerals.
The House Armed Services Committee’s section of the GOP’s budget reconciliation package, up for markup Tuesday, would spend $150 billion on President Donald Trump’s defense agenda. Part of that is countering China’s dominance over materials needed for military equipment.
The bill would specifically dole out more than $20 billion for munitions and supply chain resilience, including $2.5 billion to improve the U.S. production of critical minerals through the National Defense Stockpile.
The legislation would spend an additional $500 million for loan programs for “the development of reliable sources of critical minerals.”
