{
  "commitment": {
    "id": "fin-us-osc-obbba-2025-credit-subsidy",
    "eventId": "evt-us-dod-mp-2025",
    "relationships": [],
    "instrument": "loan",
    "valueRole": "budget_appropriation",
    "capitalSource": "public",
    "amount": {
      "value": "500000000",
      "currency": "USD",
      "qualifier": "exact",
      "amountAsStated": "$500 million of credit subsidy funding",
      "currencyBasis": "issuer_context"
    },
    "provider": "US Department of Defense, Office of Strategic Capital",
    "providerJurisdiction": "us",
    "providerOrgIds": [
      "org-us-osc"
    ],
    "legalAuthority": "One Big Beautiful Bill Act",
    "programmeId": "prg-us-osc-critical-minerals-lending",
    "recipient": null,
    "recipientOrgIds": [],
    "project": null,
    "projectId": null,
    "facility": null,
    "locations": [],
    "stages": [],
    "stageAllocation": "not_stated",
    "materialIds": [],
    "materialAttribution": "not_stated",
    "untrackedMaterialsAsStated": [],
    "financialStatusHistory": [
      {
        "status": "authorized",
        "date": "2025-07-04",
        "sourceId": "src-osc-mp-loan-2025",
        "note": "The release says the President signed the Act into law on 4 July 2025."
      }
    ],
    "implementationStatusHistory": [],
    "terms": [],
    "outcomes": [],
    "evidence": [
      {
        "sourceId": "src-osc-mp-loan-2025",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "amount",
          "provider",
          "legal_authority",
          "status",
          "programme"
        ],
        "evidence": "explicit",
        "locator": "Third paragraph",
        "note": null
      }
    ],
    "notes": "Recorded because the OSC release names it as the source of the MP loan. A credit subsidy covers the budget cost of lending, not loan principal, so it is never added to the lending authority or to any loan."
  },
  "event": {
    "id": "evt-us-dod-mp-2025",
    "date": "2025-07-10",
    "jurisdiction": "us",
    "titleEn": "DoD–MP Materials public-private partnership for rare earth magnet supply"
  },
  "parents": [],
  "children": [],
  "sources": [
    {
      "id": "src-osc-mp-loan-2025",
      "title": "Office of Strategic Capital Announces First Loan Through DoD Agreement With MP Materials to Secure Critical Materials Supply Chain",
      "publisher": "U.S. Department of Defense, Office of Strategic Capital",
      "url": "https://www.war.gov/News/Releases/Release/Article/4270722/office-of-strategic-capital-announces-first-loan-through-dod-agreement-with-mp/",
      "language": "en",
      "datePublished": "2025-08-10",
      "dateAccessed": "2026-09-23",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "OSC release recording the execution of the $150M loan contemplated by the July 2025 DoD agreement, the office's first direct loan. war.gov returns HTTP 403 to automated clients; the body text was read in full in a browser on 2026-09-23. It states that the funding for the loan comes from the One Big Beautiful Bill Act, which provides OSC with $500 million of credit subsidy funding, creating up to $100 billion in available loan funds for critical minerals production and related industries and projects. The loan's rate and term come from the MP Materials Form 8-K (src-dod-mp-transaction-agreement-2025)."
    }
  ]
}