Bills/H.R. 4772

Critical Minerals Investment Tax Modernization Act of 2025

Critical Minerals Investment Tax Modernization Act of 2025

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# Critical Minerals Investment Tax Modernization Act of 2025 (HR 4772) **What It Would Do** This bill would modernize tax incentives related to investments in critical minerals—materials essential for electronics, renewable energy, defense, and other industries. While specific provisions aren't detailed in the available summary, bills with this title typically aim to update tax credits or deductions to encourage domestic mining, processing, or recycling of minerals like lithium, cobalt, and rare earths that the U.S. currently relies on imports for. **Who It Affects** The bill would primarily affect mining and mineral processing companies, investors in these industries, and potentially manufacturers who use critical minerals. Broader impacts could include energy sector development, supply chain resilience, and consumers of products dependent on these materials. Domestic workers in mining and related industries could also be affected. **Current Status** As of now, the bill is in committee review and has not yet been voted on by the full House.

It was introduced by Rep. Adrian Smith (R-NE). No further action has been recorded. For current details on specific tax provisions or recent developments, you can check Congress.gov or the bill's official page.

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Latest Action

July 25, 2025

Referred to the House Committee on Ways and Means.

Sponsor

3 cosponsors

Key Dates

Introduced
July 25, 2025
Last Updated
July 25, 2025
Read Full Text on Congress.gov →
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