Steven Holt: “China is not trying to lock up the world's sand and gravel. We do have to worry about the supply of yttrium and…”

“China is not trying to lock up the world's sand and gravel. We do have to worry about the supply of yttrium and gadolinium and these other things that are necessary for jet engines and magnets and hard drives in laptops and so forth. Let me just address the point that has to do with this definition that my friend from Washington talks about, winners and losers. Yes, this bill has winners and losers. The winners would be the mining companies. The losers would be local communities, the environment, water quality, wildlife, and the American taxpayers. I thank the gentleman for yielding.”