SECURE Minerals Act of 2026
Sponsored By: Senator Shaheen, Jeanne [D-NH]
Introduced
Summary
A Strategic Resilience Reserve for critical minerals would create a government-owned corporation to finance, acquire, store, and sell key non-fuel minerals and boost domestic and partner-country supply chains while enforcing environmental and labor standards.
Show full summary
- Domestic producers and recyclers would gain prioritized access to loans, acquisitions, and other support for extraction, processing, refining, reuse, repurposing, and recycling projects. Projects that recover minerals from waste are explicitly prioritized.
- Supply-chain and national-security planners would get hard targets to guide action: the Board must aim for production rates of at least 25 percent and dependence rates no higher than 75 percent of domestic end-use consumption. The Reserve also maintains a list of eligible critical minerals tied to USGS, DOE, and Defense Logistics Agency listings.
- Taxpayers and oversight bodies would see transparency and controls: the bill funds the Reserve with $2.5 billion, requires annual audits by a PCAOB-registered accountant, biennial Comptroller General reviews, and a public transaction database with limited national-security exceptions.
*This bill would provide $2.5 billion in initial funding, increasing federal outlays.*
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
6 provisions identified: 2 benefits, 0 costs, 4 mixed.
New Financing for Mineral Projects
If enacted, the bill would let the Reserve use many financing tools to support producers and processors. Tools include loans to Board-approved intermediaries, non-recourse lending tied to project production, advance payments, contracts for differences, and limited minority equity investments with written exit plans. Intermediaries must prefer U.S. suppliers and meet foreign-influence limits. On a 90-day unpaid default, the Reserve could seize inventory, revoke participation, or act as conservator with broad enforcement powers.
New Strategic Minerals Reserve Fund
If enacted, the bill would create the Strategic Resilience Reserve Corporation as a wholly owned federal corporation. The Reserve would receive $2.5 billion, available until spent. It would support U.S. and partner-country production, processing, recycling, and reuse of critical minerals and set targets, including a statutory minimum production target of at least 25 percent. The Reserve would aim to stabilize prices and prioritize domestic projects while seeking fair returns to taxpayers.
Audits, Data, and Risk Reports
If enacted, the bill would require an independent audit of the Reserve within one year and annually after that. The Comptroller General would review the Reserve every two years. The Reserve would keep a public transaction database except where national security limits access; restricted details must be given to Congress and made public within three years. The Reserve would create divisions for data collection, risk and vulnerability assessments (biennial), and production standards.
Partner Country Investment Rules
If enacted, the bill would let approved partner countries contribute capital to the Reserve with a minimum of $100 million, adjusted each year by the Personal Consumption Expenditures price index and rounded to the nearest $1 million. The Reserve must keep each partner's contributions in separate accounts, may return them at any time, and may not guarantee repayment. Partner contributions must be certified not to originate from foreign entities of concern. The Reserve could form an advisory council of contributing partners.
Ban Sales to Foreign Adversaries
If enacted, the bill would prohibit the Reserve from carrying out certain sales of critical minerals or materials to a defined class of foreign entities of concern. The ban applies to the sale authorities listed in the Act and is intended to protect domestic supply chains and national security.
Board Appointments and Conflict Rules
If enacted, the bill would create a seven-member Board of Governors for the Reserve, appointed by the President with Senate confirmation. The President must appoint all members within 180 days and name a Chair and Vice-chair with four-year leadership terms. Board members would be paid at Executive Schedule level III and face strict conflict-of-interest and post-employment rules; the Comptroller General can enforce violations that must be cured within 30 days or lead to removal.
Sponsors & CoSponsors
Sponsor
Shaheen, Jeanne [D-NH]
NH • D
Cosponsors
Sen. Young, Todd [R-IN]
IN • R
Sponsored 1/15/2026
Mike Rounds
SD • R
Sponsored 1/15/2026
Sen. Cortez Masto, Catherine [D-NV]
NV • D
Sponsored 1/15/2026
Sen. King, Angus S., Jr. [I-ME]
ME • I
Sponsored 2/2/2026
Sen. Sheehy, Tim [R-MT]
MT • R
Sponsored 2/2/2026
Elissa Slotkin
MI • D
Sponsored 2/26/2026
Sen. Justice, James C. [R-WV]
WV • R
Sponsored 2/26/2026
Sen. Kaine, Tim [D-VA]
VA • D
Sponsored 3/2/2026
Sen. McCormick, David [R-PA]
PA • R
Sponsored 3/2/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov