Authorization of appropriations

(a) Authorization of appropriations There is authorized to be appropriated to the Department of Commerce for the national center established in section 102 the following amounts for the applicable fiscal year: (1) $30,000,000 for fiscal year 2026. (2) $45,000,000 for fiscal year 2027. (3) $70,000,000 for fiscal year 2028. (4) $85,000,000 for fiscal year 2029. (5) $100,000,000 for each of fiscal years 2030 and any fiscal year thereafter before the date described in section 107. (b) Authorization of loan authority There is authorized to be appropriated to the Department of Commerce for the loan and loan guarantee program established in section 103 the following amounts for the applicable fiscal year: (1) $1,000,000,000 for fiscal year 2026. (2) $2,500,000,000 for fiscal year 2027. (3) $5,000,000,000 for fiscal year 2028. (4) $7,500,000,000 for fiscal year 2029. (5) $10,000,000,000 for fiscal year 2030 and any fiscal year thereafter before the date described in section 107. (c) Limitation and minimum thresholds for loan authority Of the amounts appropriated pursuant to the authorization under subsection (b) for any fiscal year, other than amounts provided to the Investment Fund established under section 105(b)(1), the Secretary shall ensure to the greatest extent practicable that— (1) a maximum of 30 percent of the available amounts are provided with respect to investments into facilities in foreign countries of interest that— (A) relate to the extraction of critical materials significantly unavailable for domestic extraction; and (B) prioritize secondary impacts to the United States, including through purchase agreements with domestic manufacturers; (2) a maximum of 20 percent of the available amounts are provided with respect to investment into facilities within the United States relating to the extraction of domestically available critical materials in the United States; (3) a minimum of 5 percent of the available amounts are provided with respect to investment into facilities related to the manufacturing of necessary equipment for the manufacturing of critical materials; and (4) a minimum of 10 percent of the available amounts are provided with respect to facilities located within the United States related to— (A) the reclamation of critical materials from spent and damaged end-use components through recycling processes; or (B) the demonstration, deployment, or commercialization of innovative technologies such as qualified substitutes.