# 119-hr-7563: Rare Earth Magnet Market Revitalization Act

119-hr-7563, Rare Earth Magnet Market Revitalization Act, is a 119th Congress bill sponsored by Rep. Tokuda, Jill N. [D-HI-2] (D-HI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7563
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7563
- Congress: 119
- Title: Rare Earth Magnet Market Revitalization Act
- Status: introduced
- Introduced: 2026-02-12
- Sponsor: Rep. Tokuda, Jill N. [D-HI-2] (D-HI)
- Cosponsors: 1
- Policy area: Foreign Trade and International Finance
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would push U.S. rare earth magnet supply chains toward a focus on** domestic and allied sources by restricting imports from certain "covered nations" and backing U.S. and partner-country production. - Would restrict imports of specified rare earth magnets and components unless the Secretary of Commerce grants case-by-case waivers for nonavailability or national interest. Import limits would phase in after a one-year delay. - Would allow the Secretary of Commerce to limit or ban exports of high-value electronic waste that contains rare earth magnets when those magnets could be recycled domestically. This aims to preserve material for U.S. recycling and reuse. - Would authorize federal assistance like offtake agreements or price guarantees to private entities that build manufacturing, processing, or recycling facilities in non-covered partner nations, subject to appropriations and rules. Awards must be published within 30 days and the Secretary must report to Congress on implementation and recommend whether to expand limits to all critical minerals within three years.

## Cosponsors (1)

- Rep. Dunn, Neal P. [R-FL-2] (R-FL), 2026-02-12T00:00:00.000Z

## Provisions PRIA read

- Subsidies for rare-earth investors: benefit, medium. If enacted, the bill would let the Commerce Department provide financial help to private businesses that invest in rare-earth facilities. Help would be limited to offtake agreements or price guarantees. Aid would only be available if Congress provides money and Commerce issues rules. The Department…
- New limits on rare-earth imports: mixed, medium. If enacted, the bill would direct the President, through Commerce, to stop imports of certain rare-earth components and magnets from covered nations. The ban would also cover goods that incorporate those magnets. The restriction would apply to articles imported more than one year after enactment. I…
- Ban on exporting e-waste magnets: mixed, low. If enacted, the bill would let the Commerce Department ban exports of certain high-value electronic waste that contains rare-earth magnets. The ban would apply only when Commerce finds the waste could be recycled or repurposed in the United States to recover those magnets. The authority would be ef…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-4669: FEMA Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-7563 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7563)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-4317: PBM Reform Act of 2025](https://policyrisk.com/legislation/119-hr-4317)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7563 (as of 2026-04-21).