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Senate approves incentives for critical-minerals exploration after floor debate

January 26, 2024 | 2024 Utah Legislature, Utah Legislature, Utah Legislative Branch, Utah


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Senate approves incentives for critical-minerals exploration after floor debate
SALT LAKE CITY — The Utah Senate voted to pass first substitute Senate Bill 75, a measure sponsors described as an incentive package to encourage companies to research and explore domestic critical-mineral resources.

Senator Owens, sponsor of the measure, told colleagues the bill is “to incentivize companies to come and research, look for and to see what minerals we have and the possibility of extracting those,” linking the policy to state and national security needs. Owens said the bill’s intent is to attract research and exploration activity rather than to add regulation.

During floor questions, a senator raised concerns that the proposal lacked specific protections for communities that could be affected by mining and transport routes. The senator urged inclusion of stronger community engagement and safeguards. Owens responded that “we do have entire division, the department of oil, gas, and mining, and things, those tools in place to make sure we do this responsibly,” and he said existing regulatory tools would be used to protect public health and safety.

After brief debate, Owens moved for passage. The roll call showed the first substitute passed with 26 yeas, 1 nay and 2 absent. The bill will be transmitted to the House for consideration.

Why it matters: Sponsors framed SB 75 as a strategy to reduce reliance on foreign supply chains for minerals used in energy storage and electric vehicles. Opponents and some questioners emphasized the need to ensure local communities have a voice and that environmental and health risks are mitigated.

What happens next: With the Senate’s approval, the bill goes to the House for its consideration and any further action there. The sponsor indicated agencies with existing authority will oversee implementation if the bill is enacted.

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