3.0.0 6630 2023-01-11T13:43:05Z 2023-01-11T13:43:05Z House HR 2020-04-28 116 [Congressional Record Volume 166, Number 80 (Tuesday, April 28, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STAUBER:H.R. 6630.Congress has the power to enact this legislation pursuantto the following:Article 4, Section 8, Clause 18: To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H1965]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-04-28T13:04:30Z 2020-04-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-04-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-04-28 Introduced in House IntroReferral 1000 9 Library of Congress S001212 Rep. Stauber, Pete [R-MN-8] Pete Stauber R MN 8 N G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2020-04-28 True Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2020-04-28 True S000364 Rep. Shimkus, John [R-IL-15] JOHN SHIMKUS R IL M. 15 2020-05-01 False L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2020-05-01 False N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2020-05-01 False W000821 Rep. Westerman, Bruce [R-AR-4] Bruce Westerman R AR 4 2020-05-01 False B001302 Rep. Biggs, Andy [R-AZ-5] Andy Biggs R AZ 5 2020-05-12 False Taxation Buy American requirements Competitiveness, trade promotion, trade deficits Income tax deductions Metals Mining Strategic materials and reserves Taxation 00 2020-04-28 Introduced in House 2020-05-04T15:29:58Z Securing America's Critical Minerals Supply Chain Act

This bill allows a new tax deduction for 10% of the cost of specified domestically-produced materials if such materials are acquired directly from the domestic smelter or processor of the materials. The bill defines specified domestically-produced materials as materials that are smelted or processed in the United States by direct smelting of ore, from a mine product, by a taxpayer in the trade or business of smelting or processing such materials.

The term specified material includes minerals necessary for national defense and security, for U.S. energy infrastructure, for community resiliency, to support domestic manufacturing, agriculture, housing, telecommunications, healthcare, and transportation infrastructure, or for U.S. economic security and balance of trade. The term does not include fuel minerals, water, ice, or snow, or sand, stone, gravel, pumice, pumicite, cinders, or clay.

]]> Securing America’s Critical Minerals Supply Chain Act Display Title Securing America’s Critical Minerals Supply Chain Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide an additional deduction for the cost of certain materials purchased directly from a domestic smelter or processor. Introduced in House IH Short Title(s) as Introduced Securing America’s Critical Minerals Supply Chain Act Introduced in House IH Introduced in House 2020-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6630ih/xml/BILLS-116hr6630ih.xml 2020-04-28 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.