# 119-hr-9227: Magnets Value Chain Support Act of 2026

119-hr-9227, Magnets Value Chain Support Act of 2026, is a 119th Congress bill sponsored by Rep. Moolenaar, John R. [R-MI-2] (R-MI); status introduced; PRIA reads it as touching household money (as of 2026-06-30).

- Canonical: https://policyrisk.com/legislation/119-hr-9227
- As of: 2026-06-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9227
- Congress: 119
- Title: Magnets Value Chain Support Act of 2026
- Status: introduced
- Introduced: 2026-06-09
- Sponsor: Rep. Moolenaar, John R. [R-MI-2] (R-MI)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-30

## Summary

**Tax-based incentives to rebuild U.S. magnet supply chains.** This bill would create a Magnet Value Chain Support Credit plus a separate domestic input usage credit to drive domestic production of permanent magnets, magnet metals, and rare earth oxides. - Would let U.S. producers claim fixed per-kilogram credits for eligible production steps, with larger payments for meeting 75% and 90% domestic-content-by-weight thresholds. - Would tie incentives to national-security priorities, bar credits for materials linked to prohibited foreign entities, and allow Treasury to grant short waivers of up to 90 days with reporting to Congress. - Would fold the new credit into the general business credit rules, force an irrevocable choice between this credit and Sec. 45X for the same material year, require detailed supplier and offtake disclosures, and include recapture and anti-abuse measures. Effective provisions would apply to taxable years beginning after December 31, 2026, and the credit section would terminate for tax years beginning after December 31, 2038.

## Cosponsors (2)

- Rep. Khanna, Ro [D-CA-17] (D-CA), 2026-06-09T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2026-06-24T00:00:00.000Z

## Provisions PRIA read

- Make magnet credits transferable: benefit, high. The bill would add both magnet credits to the general business credit rules. It would also let the magnet production credit be treated under payee-credit (transfer) rules so businesses can transfer or use the credit more easily. These changes would apply to tax years starting after December 31, 202…
- Per‑kg tax credit for magnet makers: benefit, high. This bill would create a Magnet Value Chain Support Credit for U.S. production of permanent magnets, magnet metals, and qualified rare earth oxides. Credit rates are per kilogram and tiered by magnet type and domestic-content: examples listed include $20/kg, $30/kg, $33/kg, and $40/kg for different…
- Tax credit for buying U.S. magnets: benefit, high. This bill would create a Domestic Magnet Input Usage Credit for firms that buy qualifying U.S.-made permanent magnets for covered manufacturing. The credit rate would phase down over time: 15% for tax years beginning before January 1, 2035; 10% for years beginning in 2035–2036; and 5% for years beg…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 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-3277: Ensuring Lasting Smiles Act
- 119-hr-2192: Air America Act of 2025

## Sources
- [119-hr-9227 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9227)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [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-3277: Ensuring Lasting Smiles Act](https://policyrisk.com/legislation/119-hr-3277)
- [119-hr-2192: Air America Act of 2025](https://policyrisk.com/legislation/119-hr-2192)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9227 (as of 2026-06-30).