Revitalizing America’s Offshore Critical Minerals Dominance Act — S. 2860

TL;DR (AI)

• This bill directs the Secretary of the Interior to establish a program to lease areas of the Outer Continental Shelf for critical mineral exploration and extraction.
• It establishes a royalty rate of 5% for the extraction of critical minerals from the Outer Continental Shelf.
• The bill requires the Secretary of Energy to develop a strategic plan to support the domestic processing and refining of critical minerals extracted from the Outer Continental Shelf.