# 119-hr-1496: Rare Earth Magnet Security Act of 2025

119-hr-1496, Rare Earth Magnet Security Act of 2025, is a 119th Congress bill sponsored by Rep. Reschenthaler, Guy [R-PA-14] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1496
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1496
- Congress: 119
- Title: Rare Earth Magnet Security Act of 2025
- Status: introduced
- Introduced: 2025-02-21
- Sponsor: Rep. Reschenthaler, Guy [R-PA-14] (R-PA)
- Cosponsors: 29
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**A tax credit for domestic production of high‑performance rare earth magnets.** This bill would create a new, nonrefundable business credit that rewards U.S. manufacture of specific permanent magnets made from defined rare‑earth alloys.

## Cosponsors (29)

- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2025-02-21T00:00:00.000Z
- Rep. Hudson, Richard [R-NC-9] (R-NC), 2025-02-21T00:00:00.000Z
- Rep. Lee, Susie [D-NV-3] (D-NV), 2025-02-21T00:00:00.000Z
- Rep. Calvert, Ken [R-CA-41] (R-CA), 2025-02-21T00:00:00.000Z
- Rep. Castor, Kathy [D-FL-14] (D-FL), 2025-02-21T00:00:00.000Z
- Rep. Obernolte, Jay [R-CA-23] (R-CA), 2025-02-21T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2025-02-21T00:00:00.000Z
- Rep. Moolenaar, John R. [R-MI-2] (R-MI), 2025-02-21T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2025-02-21T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-02-21T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-02-21T00:00:00.000Z
- Rep. Mills, Cory [R-FL-7] (R-FL), 2025-02-21T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-02-21T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2025-02-25T00:00:00.000Z
- Rep. Valadao, David G. [R-CA-22] (R-CA), 2025-02-25T00:00:00.000Z
- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2025-02-25T00:00:00.000Z
- Rep. Finstad, Brad [R-MN-1] (R-MN), 2025-03-10T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2025-03-11T00:00:00.000Z
- Rep. Morrison, Kelly [D-MN-3] (D-MN), 2025-05-14T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2025-05-19T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2025-06-12T00:00:00.000Z
- Rep. Stauber, Pete [R-MN-8] (R-MN), 2025-06-23T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2025-07-22T00:00:00.000Z
- Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] (R-TN), 2025-11-07T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-11-17T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-12-11T00:00:00.000Z
- Rep. Fedorchak, Julie [R-ND-At Large] (R-ND), 2026-04-21T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-01-15T00:00:00.000Z
- Rep. Jackson, Jonathan L. [D-IL-1] (D-IL), 2026-04-21T00:00:00.000Z

## Provisions PRIA read

- Tax credit for U.S. magnet makers: benefit, high. If enacted, this bill would create a new tax credit for U.S. makers of high‑performance rare‑earth magnets. You would get $20 per kilogram of magnets made and sold, or $30 per kilogram if at least 90% of the materials by weight were made in the United States. The magnet must be made in the U.S., in…

## Related bills

- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025

## Sources
- [119-hr-1496 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1496)

## Related
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1496 (as of 2026-09-21).