H.R. 7126: Securing Essential and Critical U.S. Resources and Elements Minerals Act of 2026
The Securing Essential and Critical U.S. Resources and Elements Minerals Act is designed to strengthen the domestic supply chain for critical minerals. The bill introduces a Strategic Resilience Reserve with a budget of $2.5 billion aimed at supporting projects related to these minerals. The key objectives include reducing reliance on foreign sources and promoting sustainable practices in mineral management.
Authority and Oversight
The Strategic Resilience Reserve will have the authority to:
- Establish compensation packages for staff and personnel.
- Oversee contracts related to mineral resources and manage property associated with these ventures.
- Engage in equity investments in mineral-related projects.
- Perform various administrative duties while adhering to federal laws.
Additionally, the Reserve will form committees and divisions dedicated to risk assessment and data collection to enhance management of critical minerals.
Restrictions and Compliance
The legislation places specific restrictions on the Reserve, notably:
- The Reserve is prohibited from selling to foreign entities that are deemed a concern, thereby prioritizing domestic integrity.
- It can engage in various transactions, including contracts and property management, while ensuring compliance with established rules.
- Regular audits and reporting to governmental entities are mandated to maintain transparency and accountability.
Implications
This approach aims to create a more resilient and self-sufficient U.S. supply chain for critical minerals, addressing national security concerns and fostering a sustainable environment for resource management.
Relevant Companies
- MP Materials Corp (MP) - This company could be impacted as it is a significant producer of rare earth materials which are classified as critical minerals.
- Albemarle Corporation (ALB) - As a major lithium producer, Albemarle may benefit from increased domestic production and support for mineral projects.
- Vale S.A. (VALE) - Operating in the mining sector, Vale may see implications regarding its operations and contracts with regard to U.S. minerals.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
5 bill sponsors
Actions
4 actions
| Date | Action |
|---|---|
| Feb. 24, 2026 | Subcommittee Hearings Held |
| Feb. 17, 2026 | Referred to the Subcommittee on Energy and Mineral Resources. |
| Jan. 15, 2026 | Introduced in House |
| Jan. 15, 2026 | Referred to the Committee on Natural Resources, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Corporate Lobbying
0 companies lobbying
None found.
* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.
