Definitions

In this Act: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Finance of the Senate; and (B) the Committee on Ways and Means of the House of Representatives. (2) Critical mineral The term critical mineral means any mineral on the list of critical minerals required by paragraph (3) of section 7002(c) of the Energy Act of 2020 (30 U.S.C. 1606(c)). (3) Derivative product The term derivative product — (A) means a good that incorporates a critical mineral; and (B) includes— (i) a semi-finished good, such as a semiconductor wafer, anode, or cathode; and (ii) a final product, such as a permanent magnet, motor, electric vehicle, battery, smartphone, microprocessor, radar system, wind turbine or a component of a wind turbine, or advanced optical device. (4) Excluded duty The term excluded duty means— (A) antidumping and countervailing duties imposed under title VII of the Tariff Act of 1930 (19 U.S.C. 1671 et seq.); (B) duties, quotas, and tariff-rate quotas imposed under chapter 1 of title II of the Trade Act of 1974 (19 U.S.C. 2251 et seq.); and (C) duties imposed consistent with a ruling authorizing the suspension of benefits or concessions on the part of the United States, issued by— (i) a dispute settlement panel constituted under a bilateral or plurilateral free trade agreement for which explicit congressional approval pursuant to the requirements of section 151 of the Trade Act of 1974 (19 U.S.C. 2191) has been enacted before the date of the enactment of this Act, before which the United States is a party; or (ii) a dispute settlement panel described in section 123 of the Uruguay Rounds Agreement Act (19 U.S.C. 3533) before which the United States is a party. (5) Foreign country of concern The term foreign country of concern — (A) has the meaning given that term in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651); and (B) includes the Bolivarian Republic of Venezuela. (6) Foreign entity of concern The term foreign entity of concern has the meaning given that term in section 9901 of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651), except that subparagraph (C) of that section shall be applied and administered by substituting a foreign country of concern for a foreign country and all that follows through title 10, United States Code. (7) Processed The term processed, with respect to a critical mineral, means the mineral has undergone the activities that occur after critical mineral ore is extracted from a mine up through its conversion into a metal, metal powder, or a master alloy. (8) Select derivative product The term select derivative product means a permanent magnet, a lithium-ion battery for an electrical vehicle, a lithium-ion battery for a vehicle that is not an electrical vehicle, or a part for a battery that is not a lithium-ion battery. (9) Trade Representative The term Trade Representative means the United States Trade Representative.