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119-hr-7126119th CongressWALLET

SECURE Minerals Act of 2026

Sponsored By: Representative Wittman, Robert J. [R-VA-1]

In Committee

Summary

Creates a government-owned Strategic Resilience Reserve to finance, buy, store, and support critical minerals and materials to strengthen U.S. supply chains. It would set up a seven-member Board, divisions for data, risk, and production standards, and authorize funding to run the Reserve.

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 3 benefits, 0 costs, 2 mixed.

Foreign partner contributions and council

If enacted, the Reserve could accept capital contributions from approved partner countries of at least $100,000,000. The minimum would be adjusted each year by the percentage increase in the Personal Consumption Expenditures Price Index, rounded to the nearest $1,000,000. The Reserve must keep each partner's money in a separate account, may return contributions at any time, and may not guarantee repayment. The Reserve could create an International Advisory Council with one representative from each contributing country.

Governance, audits, and public reports

If enacted, the Reserve would have a required risk committee and audit committee within one year. It would get annual independent audits by a state‑licensed accountant registered with the Public Company Accounting and Oversight Board. The Reserve must send an annual report to the President, the Comptroller General, OMB, and Congress, and maintain a user‑friendly public transaction database subject to national security exceptions. Withheld transaction details must be available to congressional committees and made public within three years. The Comptroller General would do a biennial review and the Reserve could inspect records and storage facilities.

New Reserve data and risk teams

If enacted, the Reserve would create three internal divisions for data, production standards, and risk analysis. The Data Division would collect global and domestic production, cost, recycling, and transaction price data and keep geographic and modeled datasets. The Production Standards Division would rate environmental and labor practices and publish an annual summary of methods and results without revealing trade secrets. The Risk Division would keep price and capacity databases and send a biennial unclassified risk assessment (with an optional classified annex) to Congress and the President.

Loans and rules for intermediaries

If enacted, the Reserve would be allowed to lend to Board‑approved private intermediaries to finance purchases of critical minerals. Loan terms could be preferential and may use a Federal funds rate benchmark, and intermediaries would be asked to prioritize U.S. suppliers when practicable. Intermediary applicants must show trading and finance expertise, cover more than one critical mineral, and meet foreign‑influence limits (no more than 25 percent ownership or control by a covered foreign interest). If an intermediary misses required repayments for 90 days, the Reserve could seize inventory, place liens, revoke participation, adjust terms, or act as conservator or receiver and stop bankruptcy proceedings while in that role.

Reserve market powers and contracts

If enacted, the Reserve would be allowed to buy, finance, and sell critical minerals and materials to address supply shortages or price instability. Sales could use auctions, direct contracts, futures, options, or other instruments through authorized intermediaries. The Reserve would not be allowed to use these tools to benefit a foreign entity of concern. The Reserve could also make limited minority equity investments only with written justification and an exit plan. The Reserve would get corporate powers to enter contracts, lease or buy property, indemnify officers, collect or compromise debts, and sell its direct investments to private buyers on terms it sets.

Sponsors & CoSponsors

Sponsor

Wittman, Robert J. [R-VA-1]

VA • R

Cosponsors

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 10/6/2026

  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

    Sponsored 1/15/2026

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 2/3/2026

  • Rep. Shreve, Jefferson [R-IN-6]

    IN • R

    Sponsored 2/3/2026

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 2/23/2026

  • Rep. Kiggans, Jennifer A. [R-VA-2]

    VA • R

    Sponsored 4/20/2026

Roll Call Votes

No roll call votes available for this bill.

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