1. Short title This Act may be cited as the Securing America’s Critical Minerals Supply Chain Act . 2. Findings Congress finds the following: (1) It is in America’s best interest to ensure a robust and secure domestic supply chain for U.S. manufacturers. (2) The United States increasing reliance on foreign sources of metals and minerals threatens our economic and national security while providing our geopolitical rivals, such as China and Russia, leverage over our economy. (3) Incentivizing domestic mineral and metal production and the purchase of these materials will make our nation’s supply chains more secure and resilient. 3. Additional deduction for cost of certain materials purchased directly from a domestic smelter or processor (a) In general Part VI of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 181 the following new section: 182. Additional deduction for cost of certain materials purchased directly from a domestic smelter or processor (a) In general There shall be allowed as a deduction (in addition to any other deduction allowed under this chapter for the cost of specified domestically-produced materials) an amount equal to 10 percent of the cost of specified domestically-produced materials if such materials are acquired by the taxpayer directly from the domestic smelter or processor of such material. (b) Specified domestically-produced materials For purposes of this section— (1) In general The term specified domestically-produced materials means any specified material if such material is smelted or processed in the United States by direct smelting of ore, from a mine product, such as that extracted from mined ore; from beneficiation; from reprocessing mine tailings