“Expressing support for the strengthening of United States-Africa partnerships in critical minerals development.”
No CRS summary available for this bill.
This section expresses the sense of the House of Representatives that United States policy should seek to diversify sources of critical minerals supplies to prevent Foreign Entities of Concerns (FEOCs) from restricting or increasing the cost of United States access, improve the efficacy and coordination of Federal agencies implementing commitments under the Minerals Security Partnership (MSP), and enhance partnerships with African countries that produce or hold reserves of critical minerals by mobilizing investments in production and processing projects, providing financing and technical assistance incentives to United States and African businesses, and transforming the existing United States–Democratic Republic of the Congo–Republic of Zambia Memorandum of Understanding on electric vehicle battery value chains into a broader investment program. The section further urges the Secretary of State, in consultation with the Secretaries of Commerce, Energy, the Interior, Treasury, and Defense, the United States Agency for International Development, the Development Finance Corporation, the Export-Import Bank, and other relevant agencies, to develop a 5-year strategy that strengthens commercial diplomacy, provides financing and technical assistance to expand African critical minerals production and processing capacities, supports diversified equity funds and investment platforms for United States private-sector mining projects, and enhances economic cooperation with eligible African producers.