Securing America’s Critical Minerals Supply Chain Act

Summary

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.

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Timeline

1. 28 April 2020

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 28 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 April 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 April 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 April 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 28 April 2020

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Stauber, Pete [R-MN-8] · R · Sponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Sponsor
• Rep. Young, Don [R-AK-At Large] · R · Sponsor
• Rep. Shimkus, John [R-IL-15] · R · Cosponsor
• Rep. LaMalfa, Doug [R-CA-1] · R · Cosponsor
• Rep. Newhouse, Dan [R-WA-4] · R · Cosponsor
• Rep. Westerman, Bruce [R-AR-4] · R · Cosponsor
• Rep. Biggs, Andy [R-AZ-5] · R · Cosponsor
• · hswm00 · Standing

Related records

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