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ONSHORE Manufacturing Act of 2023

Source: Congress.gov  ·  6,927 words in original text
This bill requires the Secretary of Energy to create a federal funding program that gives money to private companies and groups to build or improve factories that process rare earth elements (special metals used in defense and technology) into finished products. The bill also establishes an international partnership fund to help secure rare earth supplies from countries that are allies of the United States. ##
- Private companies and business partnerships that want to build or upgrade rare earth processing facilities - The Department of Energy and other federal agencies involved in national security - States and local governments offering business incentives - Educational institutions providing workforce training - International partner countries participating in the rare earth supply chain effort - American workers in mining, manufacturing and technical fields ##
- The Secretary of Energy must establish a program to provide federal money to companies building or expanding rare earth processing facilities in the United States (Sec. 3(a)(1)) - Companies seeking federal funding must show they have received state or local business incentives, made commitments to worker training, secured partnerships with educational institutions, and have a plan to operate without additional federal money (Sec. 3(a)(2)(B)) - Federal funding for any single project must be at least $100,000,000 but cannot exceed $500,000,000, unless the Secretary and President certify a larger amount is necessary for national security (Sec. 3(a)(3)(C) and (D)) - Companies that receive federal money cannot enter into partnerships with foreign entities that raise national security concerns without Secretary approval, or the government can recover the full funding amount (Sec. 3(a)(5)(B)) - The Secretary of State must work with partner countries to establish a shared funding mechanism to develop secure rare earth supply chains, including research efforts and agreements to prevent foreign entities of concern from gaining control of facilities built with this funding (Sec. 4(b)(1) and (3)) ##
If enacted, the bill creates a new federal funding opportunity for companies to build or expand domestic rare earth processing facilities. Companies that receive this funding must meet strict requirements including worker training commitments and restrictions on foreign business partnerships. The bill authorizes approximately $1.5 billion in 2024 and $200 million annually through 2028 for these programs. The government can recover funding if companies fail to meet project deadlines without acceptable reasons or if they engage in prohibited foreign partnerships. A new international partnership fund is also created to coordinate with allied countries on rare earth supply chain security. ##
- **Rare earth elements**: Natural metals including scandium, yttrium, and 15 other specific metallic elements used in advanced technology - **Metallurgy**: The process of producing finished rare earth products from purified rare earth elements - **Covered facility**: A factory located in a U.S. state that processes rare earth elements into finished products - **Finished rare earth products**: Products made from significant quantities of rare earth elements, including metals, alloys and permanent magnets - **Foreign entity of concern**: A foreign government, organization or person that poses a national security risk, including entities involved in espionage, terrorism, or controlled by hostile governments - **Covered entity**: A private company, group of companies, or mixed public-private partnership able to build or upgrade a rare earth processing facility ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.