Securing Energy Supply Chains Act

On December 18, 2025, Rep. Pat Fallon (R-TX) introduced HR6853, the Securing Energy Supply Chains Act, in the 119th Congress. The bill is in its earliest legislative stage — referred to the House Committee on Energy and Commerce with no further action taken as of April 30, 2026. The bill does not authorize or appropriate any funding; it is a regulatory mandate bill that directs the Secretary of Energy to create an 'Energy Non-Procurement List' of foreign entities engaged in activities detrimental to U.S. security, prioritizing critical material and battery suppliers. U.S. companies would be prohibited from procuring from listed entities, effectively creating a forced supply chain shift to domestic or allied-nation sources. The money trail here is indirect but significant. There is no government spending — instead, the bill shifts COSTS onto U.S. companies that currently rely on Chinese battery and critical mineral supply chains. The mechanism is a procurement ban, not a tax credit or grant. This means Tesla, Ford, and GM must absorb higher input costs or pass them to consumers, while domestic miners like Albemarle and Chilean/ allied producers like SQM capture pricing power and market share. The bill is in committee with one Republican sponsor — low momentum for near-term passage, but it represents a legislative template that could gain traction if geopolitical tensions escalate. Real market data shows divergent performance. SQM trades at $91.79, up 13.4% in 30 days and near its 52-week high of $95.46, driven by lithium market recovery and policy tailwinds. ALB at $192.71 is up 7.34% in 30 days but off its 52-week high of $215.71. BYDDF (Chinese EV/battery maker, $13.25) is down 3.21% in 30 days — the policy risk weighs on Chinese supply chain names. TSLA at $374.62, GM at $77.55, and F at $11.84 show mixed but generally pressured performance, consistent with the overhang of forced supply chain reshoring costs. Passage timeline: as a single-sponsor bill in the committee referral stage with no companion in the Senate and no committee hearings scheduled, the probability of enactment in the 119th Congress is low. However, the bill's language is a signal of growing congressional intent to decouple from Chinese battery supply chains, which may influence executive action (e.g., DOD or DOE lists) and industry contracting behavior even without passage.