SBA - Congressman Meuser on Rare Earth Mining

The U.S. currently has only one rare earth mining company and one processing refinery, while China controls 70% of the world's rare earth supply. Congress must implement strategies to fully unlock America's vast mineral potential. Meuser's proposed legislation takes an important step to incentivize domestic production of rare earth elements and critical minerals. It offers a tax credit for both supplying waste materials from coal mining and then extracting rare earth minerals from it. Let's prioritize American innovation, American jobs, and American security. The time for decisive action on critical minerals is now.