Revitalizing America’s Offshore Critical Minerals Dominance Act
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Summary
The bill directs federal agencies to expedite the review and issuance of exploration licenses, commercial recovery permits, and outer Continental Shelf prospecting permits and leases for seabed mineral resources, with action deadlines of 60 days after enactment. It also requires the Interior Department to develop a seabed mapping plan, identify critical minerals derivable from seabed resources, and engage foreign partners on seabed mineral development. The bill states that its streamlining should not compromise environmental and transparency standards, and it requires several agency reports to Congress, including on international benefit-sharing for areas beyond national jurisdiction.
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