Resource Assessment of Rare Earths Act of 2011 or RARE Act of 2011 - Directs the Secretary of the Interior, through the Director of the United States Geological Survey (USGS), to submit a comprehensive report on global rare earth element resources and the potential future global supply of such resources.
Requires the report to include recommendations on areas of need for future geologic research related to rare earth elements and other minerals that are critical based on the impact of a potential supply restriction and the likelihood of one.