hold on there's just too much going on in Congress lmao...
Adds copper to critical mineral list; gives tax credit for mining costs.
Rep. Schweikert (R-AZ), Rep. Carey (R-OH)
Introduced in the House, no vote yet.
This bill proposes two main changes to tax law. First, it would add copper to the list of 'applicable critical minerals' that qualify for a special advanced manufacturing production tax credit. Second, it would expand this tax credit to include the costs of extracting ore that is later refined into these critical minerals, with certain conditions on where the ore comes from. The bill was introduced by Rep. Schweikert from Arizona and Rep. Carey from Ohio and is currently awaiting review in a House committee.
Introduced Apr 14, 2026
This bill was introduced in the House of Representatives on April 14, 2026, and referred to the Committee on Ways and Means. For it to become law, it must first pass out of this committee, then be approved by a full vote in the House. After that, it would move to the Senate for their review and vote, and finally, if passed by both chambers, it would go to the President for signature.
If this bill passes, companies involved in copper mining and processing within the U.S. could receive tax credits for producing copper. This could lead to an increase in domestic copper production, potentially affecting the availability and cost of copper used in various products. Additionally, companies would be able to claim tax credits for the costs of extracting ore for critical minerals, but only if the ore comes from the U.S. or from approved foreign sources, excluding 'foreign countries of concern'.
Supporters Say
Supporters say this bill boosts domestic critical mineral production and supports U.S. manufacturing jobs.
Critics Say
Critics might argue it provides unnecessary tax breaks to corporations or distorts market competition.
Proponents of bills like this often argue that incentivizing domestic production of critical minerals like copper enhances national security by reducing reliance on foreign supply chains. They also claim it can create jobs and strengthen U.S. industries. On the other hand, opponents may view such tax credits as corporate subsidies that add to the national debt or primarily benefit large companies without significantly impacting consumers.