Critical materials and critical minerals

Act 57 of 2023, § 6, under RESTRICTIONS FOR ASSOCIATIONS WITH RUSSIA AND BELARUS ACT - ENACTMENT.

Act 57 of 2023, § 6

Section 6. Critical materials and critical minerals.

The Treasury Department shall develop a list of critical materials and critical minerals as identified as critical by the United States Department of the Interior under Executive Order 13817. A person who provides, obtains or supplies a mineral identified as critical minerals or materials to the Federal Government or United States domiciled business shall, upon notification to the Treasury Department, be removed from the list and exempted from any restrictions imposed by this act. The list shall be reviewed annually and updated by the Treasury Department.