HR1496Referred to Committee
Rare Earth Magnet Security Act of 2025
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-02-21
Introduced
29
Cosponsors
HR
ⓘType
Sponsor
Guy Reschenthaler
Republican · PA · Representative
Votes with party: 99.2% (592 recorded votes)
Full profile: /officials/R000610
Source: Congress.gov · FEC
Cosponsors (29)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
- Chrissy Houlahan (D-PA-6)Original· 2025-02-21
- Christopher R. Deluzio (D-PA-17)Original· 2025-02-21
- Cory Mills (R-FL-7)Original· 2025-02-21
- Daniel Meuser (R-PA-9)Original· 2025-02-21
- Eric Swalwell (D-CA-14)Original· 2025-02-21
- Jay Obernolte (R-CA-23)Original· 2025-02-21
- Jimmy Panetta (D-CA-19)Original· 2025-02-21
- John R. Moolenaar (R-MI-2)Original· 2025-02-21
- Kathy Castor (D-FL-14)Original· 2025-02-21
- Ken Calvert (R-CA-41)Original· 2025-02-21
- Paul Tonko (D-NY-20)Original· 2025-02-21
- Richard Hudson (R-NC-9)Original· 2025-02-21
- Susie Lee (D-NV-3)Original· 2025-02-21
- David G. Valadao (R-CA-22)· 2025-02-25
- Marc A. Veasey (D-TX-33)· 2025-02-25
- Raja Krishnamoorthi (D-IL-8)· 2025-02-25
- Brad Finstad (R-MN-1)· 2025-03-10
- Angie Craig (D-MN-2)· 2025-03-11
- Kelly Morrison (D-MN-3)· 2025-05-14
- Betty McCollum (D-MN-4)· 2025-05-19
- John Garamendi (D-CA-8)· 2025-06-12
- Pete Stauber (R-MN-8)· 2025-06-23
- Sharice Davids (D-KS-3)· 2025-07-22
- Charles J. "Chuck" Fleischmann (R-TN-3)· 2025-11-07
- Josh Gottheimer (D-NJ-5)· 2025-11-17
- Steven Horsford (D-NV-4)· 2025-12-11
- André Carson (D-IN-7)· 2026-01-15
- Jonathan L. Jackson (D-IL-1)· 2026-04-21
- Julie Fedorchak (R-ND)· 2026-04-21
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-02-21
Previously
- Ways and Means CommitteeReferred To · 2025-02-21
Plain-English Summary
The legislation would impose new tax requirements or incentives related to rare earth magnets, likely to encourage domestic production or secure supply chains for these critical materials used in electronics, renewable energy, and defense equipment. American manufacturers and companies in industries dependent on rare earth magnets would be affected by changes to how these materials are taxed or subsidized. The bill aims to reduce reliance on foreign sources of rare earth magnets by making domestic production more economically attractive.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Taxation
Full bill text is not yet cached locally.
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