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House subcommittee hears competing plans to speed permitting and build a strategic mineral reserve
Summary
A House subcommittee reviewed several bills to expand FAST-41 permitting, authorize U.S. Geological Survey international mapping, create a $2.5 billion strategic minerals reserve, and raise notice-level exploration from 5 to 25 acres; members and witnesses debated trade competition, environmental safeguards and oversight.
Chairman Stauber opened the hearing by saying the bills under review would “expand bilateral international cooperation on mineral development, counter foreign manipulation of key markets, and streamline domestic permitting to unleash our vast natural resources.”
The subcommittee considered a package of measures, including legislation to codify mining as a covered sector under the FAST Act, the Rescue Act (to treat recovery and processing projects as covered projects), HR 5929 to enroll Defense Production Act–backed mineral projects in FAST-41, the Finding Ore Act to formalize USGS partnerships for international…
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