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

Summary

The Director of National Intelligence must send a report to Congress by 1 year after December 27, 2020, and then at least once a year after that. The Director must work with the Secretaries of the Interior, Energy, Commerce, State, Defense, and the United States Trade Representative to make the report. The report must describe important past mineral investments tied to China’s Belt and Road Initiative, explain if and how those investments gave China more control of minerals, note any Chinese actions that affect the State Department’s Energy Resource Governance Initiative, and describe China’s strategy on mineral investments. The report must be unclassified but can include a classified annex. The Director must also give a list of minerals affected by the Belt and Road Initiative — for example, minerals where China is increasing extraction or processing, buying facilities, keeping or raising export limits, gaining big control of supply, showing big price differences at home versus world prices, or causing big price jumps or volatility. For any mineral on that list not already named critical under section 1606(c) of title 30, the Director, after consulting the same officials, must decide if it is strategic and critical to U.S. defense and recommend to the Secretary of the Interior that it be designated. Appropriate congressional committees = Senate: Energy and Natural Resources; Foreign Relations; Armed Services; Finance; Homeland Security and Governmental Affairs; Commerce, Science, and Transportation; Appropriations. House: Energy and Commerce; Foreign Affairs; Armed Services; Ways and Means; Homeland Security; Appropriations.