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H.R. 7126IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 203 · H.R. 7126

Data collection

Title II — Duties and authorities of the Reserve

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There is established within the Reserve a division, to be known as the Division of Data Collection, which, to the extent practicable, shall— (1) be led by a Director selected by the Board; (2) develop and maintain a proprietary dataset sufficient to ensure the thorough analysis of global critical minerals and materials markets; (3) collect and maintain sufficient datasets, including data comprising global, domestic, and partner country markets and, to the extent possible, data derived from individual critical mineral and material projects, to inform and estimate— (A) production, extraction, infrastructure, repurposing, and recycling costs for critical minerals and materials supply chains; (B) collection and recycling rates for critical minerals and materials in domestic and partner country markets; and (C) the forecast of supply and demand of critical minerals and materials within domestic and partner country markets; (4) collect and maintain— (A) actual transaction price data for critical minerals and materials in the global market, including geographic data; and (B) any other datasets necessary to effectuate such purpose, including modeled transaction data and datasets produced by or derivative of datasets produced by the People’s Republic of China; (5) using the most current data collected under paragraphs (3) and (4), support the activities described in sections 204 and 206; (6) consult with relevant heads of Federal departments and agencies, including— (A) the Secretary of Agriculture; (B) the Secretary of Commerce; (C) the Secretary of Defense; (D) the Secretary of Energy; (E) the Secretary of the Interior; (F) the Secretary of State; (G) the Secretary of the Treasury; (H) the Chief Executive Officer of the United States International Development Finance Corporation; (I) the Director of the Central Intelligence Agency; (J) the Director of the United States Geological Survey; (K) the President of the Export-Import Bank of the United States; and (L) any other Federal department or agency head the Director determines necessary; (7) establish mechanisms when establishing loan terms, contracts, and agreements as described in this Act to collect the necessary data required by this section; and (8) to the extent practicable, carry out the responsibilities of this section using existing government data and information.

Sec. 203: Data collection · Public Law Tracker