A bipartisan group of lawmakers is set to introduce a bill to create a $2.5 billion reserve of critical minerals to counter China‘s grip on global supply. 

Sens. Jeanne Shaheen (D-NH) and Todd Young (R-IN), along with Reps. John Moolenaar (R-MI) and Rob Wittman (R-VA) announced the Securing Essential and Critical U.S. Resources and Elements or SECURE Minerals Act on Thursday.