Senate bill · S. 4033 (119th Congress)
Critical Minerals Investment Tax Modernization Act of 2026
U.S. Senate
Sponsor: Jon Husted (U.S. Senator for Ohio, Republican)
Following needs an Agora account. You will sign in first, then come back to this page.
From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Would amend the Internal Revenue Code to add rare earths (defined as the 15 lanthanide elements) and scandium to the list of minerals eligible for the 22 percent percentage depletion deduction, effective for tax years beginning after enactment.
AI summary. Not an official summary. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Finance · U.S. Senate
Your position on this bill
Choose the position closest to yours. You'll sign in or create an account to save it.
Related bills
As identified by Congress.gov.
Full history
- Mar 10, 2026
Introduced
Introduced in U.S. Senate
U.S. Senate
- Mar 10, 2026
Referred to committee
Read twice and referred to the Committee on Finance.
- Mar 10, 2026
Referred to committee
Read twice and referred to the Committee on Finance.
- Mar 10, 2026
Referred to committee
Read twice and referred to the Committee on Finance.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.