# 119-s-1979: Rare Earth Magnet Security Act of 2025

119-s-1979, Rare Earth Magnet Security Act of 2025, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-1979
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1979
- Congress: 119
- Title: Rare Earth Magnet Security Act of 2025
- Status: introduced
- Introduced: 2025-06-05
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Would create a production-based tax credit for U.S.-made rare earth magnets to jump-start domestic magnet manufacturing and favor U.S. supply chains.** The bill ties bigger credits to higher domestic content and limits credit eligibility when materials come from non-allied countries.

## Cosponsors (2)

- Rep. Mullin, Markwayne [R-OK-2] (R-OK), 2025-06-05T00:00:00.000Z
- Sen. Graham, Lindsey [R-SC] (R-SC), 2025-06-05T00:00:00.000Z

## Provisions PRIA read

- Tax credit for U.S. rare earth magnets: benefit, high. If enacted, U.S. rare-earth magnet makers would be able to claim a new production tax credit for magnets they make and sell in the United States. The credit would pay $20 per kilogram, or $30 per kilogram if at least 90% by weight of the magnet's component rare-earth materials are produced in the U…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-2022: Tribal Tax and Investment Reform Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1404: Combating Organized Retail Crime Act
- 119-s-1027: Military Spouse Hiring Act
- 119-s-3041: Tribal Warrant Fairness Act

## Sources
- [119-s-1979 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1979)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2022: Tribal Tax and Investment Reform Act of 2025](https://policyrisk.com/legislation/119-s-2022)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1404: Combating Organized Retail Crime Act](https://policyrisk.com/legislation/119-s-1404)
- [119-s-1027: Military Spouse Hiring Act](https://policyrisk.com/legislation/119-s-1027)
- [119-s-3041: Tribal Warrant Fairness Act](https://policyrisk.com/legislation/119-s-3041)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1979 (as of 2026-04-21).