Strategic Materials
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USUnited StatesUS Department of Defense, Office of Strategic Capital

US Department of Defense, Office of Strategic Capital

Budget appropriationLoanPublicAuthorized

fin-us-osc-obbba-2025-credit-subsidy

Reading this record

What the evidence says — and does not say

What kind of figure?
Budget appropriationMoney set aside in a budget or allocation.
What has happened legally?
AuthorizedLegal or budgetary authority exists, e.g. an enacted statute or cabinet approval.
Has money been paid?
Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
What does it link to?
Project attributionNo direct registered project association is coded for this row. A project or facility may still be named in source text; absence of a link is not proof of inactivity.

This value role is not included in SMPT's public-recipient commitment totals. A ceiling, indication, private contribution or project cost is not an additional government award. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

USD500 million

As stated “$500 million of credit subsidy funding”

USD 500,000,000 · Exact · Currency read from the issuing government

This figure is a budget appropriation, not money committed to a recipient. It is never added to commitments or to other roles.

Record

Provider
US Department of Defense, Office of Strategic CapitalOffice of Strategic Capital (OSC)Government body
Legal authority
One Big Beautiful Bill Act
Programme
Office of Strategic Capital critical-minerals lending (One Big Beautiful Bill Act)
Recipient
Not stated
Project
Not stated
Facility
Not stated
Location
Not stated
Stages
Not statedNot stated
Materials
Not stated

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Authorizedcurrent

    The release says the President signed the Act into law on 4 July 2025.

    U.S. Department of Defense, Office of Strategic Capital

Implementation

No source states the physical status of a project for this row.

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.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. Office of Strategic Capital Announces First Loan Through DoD Agreement With MP Materials to Secure Critical Materials Supply Chain

    U.S. Department of Defense, Office of Strategic Capital

    Fields supported
    Instrument · Value role · Capital source · Amount · Provider · Legal authority · Status · Programme
    Evidence level
    Explicit
    Location in document
    Third paragraph
    View source dossier →