Critical Materials Future Act of 2025

S 596, the Critical Materials Future Act of 2025, establishes a 5-year pilot program under the Department of Energy to support domestic processing of critical materials (like those used in clean energy and defense tech). The program provides financial support - using tools such as price guarantees and contracts - to attract private investment for 3+ eligible projects that refine or recycle raw materials into usable forms, prioritizing those using domestic or reliable sources (e.g., U.S. partners or allies with free trade agreements). It requires annual reports to Congress and a final study to evaluate the effectiveness of these financial tools in building secure supply chains and reducing reliance on imports from countries of concern. The pilot is funded with $750 million and aims to enhance energy and national security through market stability.