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The Responsible Use of Seafloor Resources Act of 2024 directs the President to coordinate federal agencies to provide financial, diplomatic, and other support for seafloor polymetallic nodule collection, processing, and refining as a means to diversify the U.S. critical mineral supply chain and reduce dependence on China. The bill requires the Office of Science and Technology Policy to submit annual reports analyzing the benefits and environmental impacts of seafloor nodule sourcing compared to land-based mining, and directs the Department of Commerce to report on relevant federal legislation and tariff classifications for imported seafloor nodules and derived products.
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