November 15, 2024
Legislation Directly Targets Supply Chain
Constraints of Critical Minerals That Hinder Electrification Expansion
ARLINGTON, Va. — The National Electrical
Manufacturers Association (NEMA) applauds the House passage of the Critical Mineral Consistency Act of 2024
(H.R. 8446) introduced by Rep. Juan Ciscomani (R-AZ). This legislation adds
critical materials, as defined by the Department of Energy, to the statutory
definition of critical minerals as defined by the U.S. Geological Survey. The
bill will ensure consistency between the two lists to help expedite the
permitting process for various critical minerals and bolster domestic supply
chains that are critical to accelerating electrification.
“The
passage of the Critical
Mineral Consistency Act of 2024 brings us one step closer to
removing our dependence on China for the raw materials that are essential to
the electrical industry,” said
NEMA Senior Vice President of Public Affairs Spencer Pederson.
“Critical minerals play a crucial role in everything from renewables to
electric vehicles to energy storage that are helping us rapidly electrify and
digitize. NEMA applauds the passage of this legislation that will create a
reliable domestic supply of critical minerals through easing supply chain
constraints and preventing bottlenecks in the permitting process. We urge the
Senate to quickly follow the U.S. House of Representatives' lead and pass this
legislation."
The
legislation specifically ensures critical mineral projects, including copper
mine projects, are eligible for the FAST-41 permitting process – a program that
improves agency coordination and establishes two-year completion goals, to
create a more efficient, predictable, and timely federal environmental review
process for covered projects. Adding critical materials to the statutory
definition of critical minerals will ensure parity between the two lists,
streamline permitting, and cut through supply chain constraints of various
critical minerals that are integral in energy generation, transmission,
distribution and storage.