Establishment

(a) Entity formation (1) In general There is established a wholly owned government corporation, to be known as the Strategic Resilience Reserve Corporation of the United States. (2) Conforming amendment Section 9101(3) of title 31, United States Code, is amended by adding at the end the following: (Q) the Strategic Resilience Reserve Corporation of the United States.. (b) Purposes The purposes of the Reserve are— (1) to support a free, fair, and competitive market for critical minerals and materials in which domestic and partner country producers and processors can compete and innovate; (2) to support domestic and partner country production, extraction, processing, refining, reuse, repurposing, and recycling of, and capabilities and infrastructure with respect to, critical minerals and materials; (3) to support and protect stable and economically sustainable prices of critical minerals and materials, including price levels consistent with competitive market economies and reliable supply; (4) to support responsible production of critical minerals and materials with respect to standards for transparency, environmental, and labor practices, and to ensure a competitive market for producers meeting those standards; (5) to assist in maintaining balanced and adequate supplies of critical minerals and materials to the United States, as determined by the Board; (6) to the maximum extent practicable, to ensure that, at each stage of the supply chain— (A) the production rate of each critical mineral or material is equal to or greater than a percentage determined to be reasonable by the Board, in coordination with appropriate Federal agencies, but not less than 25 percent; and (B) the dependence rate for each critical mineral or material is equal to or less than a percentage determined to be reasonable by the Board, in coordination with appropriate Federal agencies, but not less than 75 percent; (7) to prioritize— (A) domestic projects and supply chains, including processing capacity, for critical minerals and materials; (B) projects that— (i) recycle, reuse, or repurpose critical minerals or materials; or (ii) extract or produce critical minerals or materials from mine or industrial waste, including mining tailings, industrial waste, or non-conventional waste streams; and (C) projects for critical minerals or materials the dependence rate of which is 100 percent; and (8) to ensure the efficient use of government funds to support critical mineral and material projects and, to the maximum extent practicable, ensure fair returns to taxpayers and investments made by the Reserve. (c) Authorization of appropriations There is authorized to be appropriated to the Reserve to carry out the requirements of this Act $2,500,000,000, to remain available until expended.