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BillHR 7037 · 119

Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act

Introduced
Jan 13, 2026
Cosponsors
30
Traction
0
Last Action
Jun 9, 2026

Bill Summary

Establishes a program to support the development of critical mineral resources in allied countries, Funds efforts to reduce reliance on foreign mineral imports.

Sponsored By

Young Kim
Republican · California · House

Bill Journey

  1. Jan 13, 2026
  5. Jun 9, 2026You Are Here

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

Affects US companies that rely on imported minerals, as well as foreign countries that produce these minerals, by potentially increasing investment and cooperation in the mineral sector.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
29backers
  • Democratic10
  • Republican19
Cross-party cosponsors10 · 36%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (30)

Show all 24 more

2 more not shown here — see the full list on congress.gov.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMilitary & Foreign
CommitteeCommittee on Foreign Relations
IntroducedJan 13, 2026
Last UpdatedJun 9, 2026
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Foreign Relations.
Subjects
  • Military

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.