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— (A) 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)) on January 1, 2026; or (B) added to that list after January 1, 2026. (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) 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 Venezuela. (5) Foreign entity of concern The term foreign entity of concern means an entity that is organized under the laws of, or otherwise subject to the jurisdiction of, a foreign country of concern. (6) 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. (7) 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. (8) Trade Representative The term Trade Representative means the United States Trade Representative.