S.Amdt. 1479

SA 1479. Mr. ROMNEY submitted an amendment intended to be proposed to
amendment SA 1407 submitted by Ms. Murkowski and intended to be
proposed to the bill S. 2657, to support innovation in advanced
geothermal research and development, and for other purposes; which was
ordered to lie on the table; as follows:

At the end of subtitle A of title II, add the following:

SEC. 2103. MONITORING MINERAL INVESTMENTS UNDER BELT AND ROAD
INITIATIVE OF PEOPLE'S REPUBLIC OF CHINA.

(a) Report Required.--Not later than one year after the
date of the enactment of this Act, the Director of National
Intelligence, in consultation with the Secretary of Interior,
the Secretary of Energy, the Secretary of Commerce, the
Secretary of State, the Secretary of Defense, and the United
States Trade Representative, shall submit to the appropriate
congressional committees a report on investments in minerals
under the Belt and Road Initiative of the People's Republic
of China that includes an assessment of--
(1) notable past mineral investments;
(2) whether and how such investments have increased the
extent of control of minerals by the People's Republic of
China;
(3) any efforts by the People's Republic of China to
counter or interfere with the goals of the Energy Resource
Governance Initiative of the Department of State; and
(4) the strategy of the People's Republic of China with
respect to mineral investments.
(b) Monitoring Mechanism.--In conjunction with each report
required by subsection (a), the Director shall submit to the
appropriate congressional committees a list of any minerals
with respect to which--
(1) the People's Republic of China, directly or through the
Belt and Road Initiative--
(A) is increasing its concentration of extraction and
processing;
(B) is acquiring significant mining and processing
facilities;
(C) is maintaining or increasing export restrictions; or
(D) has achieved substantial control of the supply of
minerals used within an industry or related minerals; or
(2) there is a significant difference between domestic
prices in the People's Republic of China as compared to
prices on international markets; or
(3) there is a significant increase or volatility in price
as a result of the Belt and Road Initiative of the People's
Republic of China.
(c) Critical Mineral Evaluation.--For any mineral included
on the list required by subsection (b) that is not already
designated as critical by the Secretary of the Interior
pursuant to section 2101, the Director shall--
(1) determine, in consultation with the Secretary of the
Interior, the Secretary of Energy, the Secretary of Commerce,
the Secretary of State, the Secretary of Defense, and the
United States Trade Representative, whether the mineral is
strategic and critical to the defense or national security of
the United States; and
(2) make a recommendation to the Secretary of the Interior
regarding the designation of the mineral under section 2101.
(d) Annual Updates.--The Director shall update the report
required by subsection (a) and list required by subsection
(b) not less frequently than annually.
(e) Form.--Each report or list required by this section
shall be submitted in unclassified form but may include a
classified annex.
(f) Appropriate Congressional Committees Defined.--In this
section, the term

[[Page S1443]]

``appropriate congressional committees'' means--
(1) the Committee on Energy and Natural Resources, the
Committee on Foreign Relations, the Committee on Armed
Services, the Committee on Finance, the Committee on Homeland
Security and Governmental Affairs, and the Committee on
Appropriations of the Senate; and
(2) the Committee on Energy and Commerce, the Committee on
Foreign Affairs, the Committee on Armed Services, the
Committee on Ways and Means, the Committee on Homeland
Security, and the Committee on Appropriations of the House of
Representatives.

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