Finding ORE Act

HR 2969, the Finding ORE Act, authorizes the U.S. Secretary of the Interior to enter into memorandums of understanding (MOUs) with partner countries that supply critical minerals and rare earth elements. The bill requires these MOUs to include cooperative mapping of mineral reserves, give U.S. or allied foreign country companies the "right of first refusal" for development, and facilitate U.S. private-sector investment through financial institutions like the Development Finance Corporation. It also mandates data protection for mapping information against unauthorized access by non-partner or non-allied countries. This legislation directly affects partner foreign countries (mineral sources), U.S. companies, and the U.S. Geological Survey, focusing on securing supply chains through international scientific collaboration.