HR1496Referred to Committee

Rare Earth Magnet Security Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-21
Introduced
29
Cosponsors
HR
ⓘ
Type

Sponsor

Guy Reschenthaler
Guy Reschenthaler
Republican · PA · Representative
Votes with party: 99.1% (538 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.

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 →

Referred to the House Committee on Ways and Means.

2025-02-21

Source: Congress.gov

Committee Activity

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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
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Related legislation

Bills by the same sponsor or covering overlapping subjects.