H.R. 2873: To continue Executive Order 14220 in effect indefinitely.

This bill, identified as H.R. 2873, seeks to extend the effects of Executive Order 14220 indefinitely. Executive Order 14220 is focused on addressing concerns related to national security linked to imports of copper. This order allows for actions and regulations to be implemented by various government agencies to monitor, restrict, or regulate the importation of copper into the United States.

Key Provisions of the Bill

• The bill continues the existing protections and regulatory framework established by Executive Order 14220.
• It emphasizes the security risks posed by copper imports, although specific details on those risks are not reiterated in the bill.
• Agencies will have the authority to maintain current actions and regulations associated with this Executive Order without a set expiration date.

Implications

The indefinite continuation of this Executive Order means that measures to control copper imports are likely to remain stringent, which could affect international trade relationships related to copper commodities. This could potentially lead to shifts in pricing and availability of copper within the U.S. market.

Relevant Companies

• BHP (BHP Group) - One of the largest mining companies in the world, could face potential restrictions on its copper exports to the United States.
• FCX (Freeport-McMoRan Inc.) - A major player in the copper mining industry, this company may be impacted by new regulations governing its copper exports.
• TECK (Teck Resources Limited) - Engaged in the extraction of copper, this company may be subject to heightened scrutiny or trade restrictions due to the ongoing effects of the Executive Order.