§3372 Monitoring Mineral Investments Under Belt and Road Initiative of People’s Republic of China

Summary

The Director of National Intelligence must, within 1 year after December 27, 2020, send a report to Congress after consulting the Secretaries of the Interior, Energy, Commerce, State, Defense, and the U.S. Trade Representative. The report must review notable past mineral investments under China’s Belt and Road Initiative, say if and how those investments gave China more control of minerals, note any efforts by China to oppose the State Department’s Energy Resource Governance Initiative, and describe China’s strategy on mineral investments. With each report the Director must also give a list of minerals where China, directly or through the Belt and Road Initiative, is concentrating extraction or processing, buying large facilities, keeping or raising export limits, controlling supply in an industry, showing big domestic-versus-world price gaps, or causing price spikes or volatility. For any mineral on that list not already labeled critical under section 1606(c) of title 30, the Director must decide—after consulting the same agencies—whether it is strategic and critical to U.S. defense or national security and recommend whether the Secretary of the Interior should designate it. The report and list must be updated at least once a year, be unclassified with an optional classified annex, and go to the specified Senate and House committees named in the law.