S. 4033

Summary

S. 4033, the Critical Minerals Investment Tax Modernization Act of 2026, was introduced in the Senate on Mar 10, 2026 by Sen. Jon Husted (R). It was referred to Finance, and last saw action on Mar 10, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 4033 has no co-sponsors and has not gone to a roll call.

119 S4033 IS: Critical Minerals Investment Tax Modernization Act of 2026
 U.S. Senate
 2026-03-10
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 4033  IN THE SENATE OF THE UNITED STATES   March 10, 2026   Mr. Husted  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.
1.
Short title
This Act may be cited as the   Critical Minerals Investment Tax Modernization Act of 2026  .
2.
Adjustment of percentage depletion rate for certain rare earths
(a)
22 percent depletion rate
 Section 613(b)(1)(B)  of the Internal Revenue Code of 1986 is amended by inserting  rare earths (in this subparagraph defined as the 15 lanthanide elements), scandium,  before  tantalum .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

A bill to amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.

Sponsors

Sen. Jon Husted (R) sponsors S. 4033 alone.

Jon Husted

Sen. · R–OH · Sponsor

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Committees

S. 4033 went before 1 committee: Finance.

Finance

Finance

Referred To · Mar 10, 2026 · 902 Bills

Actions

S. 4033 has taken 2 actions since Mar 10, 2026.

Votes

S. 4033 has not gone to a roll call.

Related bills

1 bill is related to S. 4033.

HR 4772Critical Minerals Investment Tax Modernization Act of 2025Jul 25, 2025 · Referred to the House Committee on Ways and Means. · Related bill

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Titles

S. 4033 goes by 3 titles, 1 of them short titles.

• Critical Minerals Investment Tax Modernization Act of 2026 — Display Title
• Critical Minerals Investment Tax Modernization Act of 2026 — Short Title(s) as Introduced
• A bill to amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 6 registered lobbyists who named S. 4033 in 2 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Budget/Appropriations, Natural Resources, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 4033 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4033’s is Taxation.

Source: congress.gov · legiscan.com