A bill to unleash United States offshore critical minerals and resources, and for other purposes.
This bill, titled the Revitalizing America's Offshore Critical Minerals Dominance Act, aims to accelerate the United States’ access to offshore seabed mineral resources and to strengthen domestic leadership in seabed mineral exploration, extraction, processing, and related technologies. It directs agencies to fast-track licensing and permitting for deep-sea mineral activities on the outer continental shelf (OCS) and in areas governed by the Deep Seabed Hard Mineral Resources Act, while also funding mapping of priority seabed areas and identifying critical minerals that could be derived from seabed resources. The act emphasizes building a secure domestic supply chain for critical minerals, reducing dependency on foreign suppliers (notably adversaries), and fostering alliances and partnerships to support exploration, development, and environmental monitoring. It includes reporting requirements to Congress and envisions an international benefit-sharing mechanism for seabed resources beyond national jurisdictions. Key features include: (1) 60-day timelines to expedite exploration licenses and leases under existing seabed and OCS authorities; (2) a plan to map priority seabed areas; (3) a process to identify seabed-derived critical minerals essential for defense, manufacturing, and energy; (4) outreach to allies and partners for scientific collaboration, development opportunities, and a prioritized engagement list; (5) mandatory reports to Congress on private-sector interest and on the feasibility of an international benefit-sharing mechanism. The bill signals a strong emphasis on rapid but environmentally mindful development and on strengthening U.S. competitiveness, while preserving Agency authority and environmental/transparency standards.