S. 596 · In committee · Energy

Critical Materials Future Act of 2025

What it does

Establishes a Domestic Critical Material Processing Pilot Program within 180 days to support at least three domestic critical material processing projects using innovative financial tools.
Requires the Secretary of Energy to issue regulations within 180 days and select eligible projects within one year of enactment.
Directs the program to provide support for processing at least three different critical materials, with no single material receiving more than 50 percent of program funding.
Terminates the Pilot Program not later than five years after establishment.
Prioritizes eligible projects that use feedstock from domestic or reliable sources and have the greatest domestic feedstock use.

Mar 12, 2025: Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 119-46.

Committee: Senate Energy and Natural Resources