HR 1496
Rare Earth Magnet Security Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:11 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Rare Earth Magnet Security Act of 2025 aims to encourage domestic production of high-performance rare earth magnets by establishing a tax credit. This credit is available to U.S. manufacturers who produce these magnets and sell them to unrelated buyers, with higher credit amounts for magnets containing a significant portion of domestically sourced rare earth materials. The legislation includes a phase-out period for the credit and specific rules regarding component sourcing and eligibility, including an exception for magnets manufactured by companies receiving government grants or contracts related to magnet production.
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