3.0.0 1537 2023-01-11T13:49:25Z 2023-01-11T13:49:25Z Senate S 2021-05-10 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-05-10T21:39:32Z 2021-05-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-05-10 Introduced in Senate IntroReferral 10000 9 Library of Congress M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK N Foreign Trade and International Finance Coal Competitiveness, trade promotion, trade deficits Electric power generation and transmission Energy Energy storage, supplies, demand Government lending and loan guarantees International Affairs International organizations and cooperation Metals Mining Multilateral development programs Nuclear power Oil and gas Strategic materials and reserves Technology transfer and commercialization Trade agreements and negotiations Foreign Trade and International Finance 00 2021-05-10 Introduced in Senate 2022-03-28T23:17:37Z Strategic Energy and Minerals Initiative Act of 2021

This bill requires federal actions to increase competition in global energy and critical minerals markets. It also reauthorizes through December 31, 2031, the Export-Import Bank.

Specifically, the bill authorizes the U.S. International Development Finance Corporation to provide support for energy projects and for producing, processing, manufacturing, or recycling critical minerals. The corporation may not prohibit or restrict its support based on the type of energy involved in a project.

The Department of the Treasury must direct the U.S. executive directors at multilateral development banks to oppose restricting assistance to developing countries based on the type of energy involved.

Additionally, the bill includes provisions related to the Export-Import Bank, including to

  • direct the bank to establish a strategic energy and minerals portfolio focused on providing financing for projects related to civil nuclear energy infrastructure, natural gas infrastructure, and critical minerals;
  • increase, for each of FY2021-FY2031, the authorized aggregate amount of loans, guarantees, and insurance that the bank may have outstanding; and
  • prohibit the bank from guaranteeing, insuring, or extending credit for the purchase of any nuclear material, equipment, or technology not provided for under a specified agreement.

The Department of Energy may make guarantees for projects that increase the domestic supply of critical minerals.

The federal government must fully implement the recommendations made in the Department of Commerce's report titled A Federal Strategy to Ensure the Secure and Reliable Supplies of Critical Minerals, published in June 2019.

]]> Strategic Energy and Minerals Initiative Act of 2021 Display Title Strategic Energy and Minerals Initiative Act of 2021 Official Title as Introduced A bill to modernize certain Federal agencies for an era of strategic energy and mineral competition, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Strategic Energy and Minerals Initiative Act of 2021 Introduced in Senate IS Introduced in Senate 2021-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1537is/xml/BILLS-117s1537is.xml 2021-05-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.