Posted on May 18, 2012 by Minerals Make Life
Yesterday, the House Committee on Natural Resources passed H.R. 4402, the National Strategic and Critical Minerals Production Act of 2012. The bill, offered by Rep. Amodei (R-Nev.), received strong support in the committee and now heads to the full House for consideration. Three amendments that could have adversely affected the mining sector, including adding a new 12.5 percent tax on mining, were defeated during the hearing as well.
Due to an inefficient permitting process, it can take up to 10 years to secure the necessary government approvals to mine in the U.S.—stifling job creation, halting economic growth and putting our national security at risk. Rep. Amodei’s legislation aims to streamline the duplicative and unnecessary bureaucratic obstacles to mineral production.
H.R. 4402 will help revitalize the nation’s critical minerals supply chain and drive investment in a critical American industry. Help support this legislation ask your Member of Congress to co-sponsor H.R. 4402 to allow us to use our own American natural resources.