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The STRATEGIC Minerals Act authorizes the President to negotiate and enter into free trade agreements focused exclusively on critical minerals and rare earth elements supply chains. The bill requires a classified briefing to Congress on the feasibility of such agreements and establishes negotiating objectives including strengthening supply chains, reducing trade barriers, promoting sustainable practices, protecting worker and environmental standards, and preventing foreign entities of concern from benefiting. Agreements must be approved by Congress and provide trade benefits exclusively to participating countries, with restrictions on negotiations with nonmarket economy countries.
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