SECURE Minerals Act of 2026
Sponsored By: Senator Jeanne Shaheen
Introduced
Summary
Would create a Strategic Resilience Reserve Corporation to secure U.S. supplies of critical minerals and materials. It would set rules to stabilize supply and prices, prioritize domestic production and recycling, and give the board broad powers to buy, lend, and sell materials while blocking support to specified foreign entities of concern.
Show full summary
- Domestic manufacturers, miners, and recyclers: Would get prioritized access to loans, purchases, and investments to expand U.S. processing, reuse, and recycling capacity.
- Partner countries and international cooperation: Would let partner countries co-invest with a minimum $100 million contribution in separate accounts and join an International Advisory Council to advise on financing and acquisitions.
- Board governance, oversight, and transparency: Would create a seven-member presidentially appointed board with ethics rules, mandatory biennial risk and vulnerability assessments, independent annual audits, and a publicly available transaction database with limited national-security holdbacks.
*Would appropriate $2.5 billion to the Reserve, available until expended.*
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Bill Overview
Analyzed Economic Effects
7 provisions identified: 6 benefits, 0 costs, 1 mixed.
Buy, store, and sell minerals
If enacted, the bill would let the Reserve buy critical minerals and use futures, options, and direct contracts to build a physical and financial reserve. The Reserve could buy land and storage, store materials in U.S. or audited private facilities, and sell materials to address shortages or price instability. The Reserve would be barred from using tools to benefit a "foreign entity of concern" or selling to such entities.
Create strategic minerals reserve
If enacted, the bill would create a government-owned Strategic Resilience Reserve Corporation to buy, store, and finance critical minerals. The Reserve would aim to stabilize supply and prices and promote U.S. and partner-country production. The bill would authorize $2.5 billion to capitalize the Reserve and make those funds available until spent. The Reserve would seek fair returns while prioritizing domestic projects, recycling, and responsible production.
Loans and financing to intermediaries
If enacted, the bill would let the Reserve make loans and other financing to Board-approved private "authorized intermediaries" that fund producers and processors. Loan terms could include preferential rates (tied to the Federal funds rate), non-recourse project loans, advanced market commitments, and contracts for differences. Authorized intermediaries must meet ownership and expertise tests and face rules if they miss payments; after 90 days of missed repayment the Reserve could seize inventory or act as conservator with special powers. The Reserve may make limited minority equity investments only with written justification and an exit plan.
Board rules and ethics set
If enacted, the bill would create a seven-member Board of Governors, appointed by the President and confirmed by the Senate, to run the Reserve. The President must appoint the initial Board within 180 days and the Board must set approval thresholds and form Risk and Audit Committees. Board members would be paid at Executive Schedule Level III and face conflict-of-interest rules, including a ban on certain financial interests while serving and for two years after.
Partner country co-investment rules
If enacted, the bill would let approved partner countries put money into the Reserve, with a minimum contribution of $100 million indexed yearly to the Personal Consumption Expenditures index. Partner funds must be kept in separate accounts, may be returned, and cannot come from covered countries or a foreign entity of concern. An International Advisory Council would let partner representatives advise the Reserve on use of partner capital.
Risk, data, and production standards
If enacted, the bill would create Reserve divisions to track market risks, collect transaction and cost data, and set production and labor standards. The Reserve would produce a biennial Risk & Vulnerability Assessment and annual reports on methodologies and assessments. The bill would also require independent annual audits and a public transaction database with limited national-security redactions that must be released within three years.
Rules on which minerals qualify
If enacted, the bill would require the Reserve to publish and update, at least yearly, a list of eligible critical minerals and materials. A mineral would qualify only if it is a non-fuel item on USGS or DOE critical lists or designated by the Defense Logistics Agency director and judged vulnerable or highly concentrated. The law would exclude oil, gas, coal, uranium, water, ice, snow, and some common rocks.
Sponsors & CoSponsors
Sponsor
Jeanne Shaheen
NH • D
Cosponsors
Todd Young
IN • R
Sponsored 1/15/2026
Mike Rounds
SD • R
Sponsored 1/15/2026
Catherine Cortez Masto
NV • D
Sponsored 1/15/2026
Angus King
ME • I
Sponsored 2/2/2026
Tim Sheehy
MT • R
Sponsored 2/2/2026
Elissa Slotkin
MI • D
Sponsored 2/26/2026
James Justice
WV • R
Sponsored 2/26/2026
Timothy Kaine
VA • D
Sponsored 3/2/2026
David McCormick
PA • R
Sponsored 3/2/2026
Roll Call Votes
No roll call votes available for this bill.
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