2025-2026 Regular Session • US Congress Legislature
HB1496: Rare Earth Magnet Security Act of 2025
Legislative Summary
To amend the Internal Revenue Code of 1986 to establish a credit for the domestic production of high-performance rare earth magnets, and for other purposes.
Demographic Impact
Overall analysis of equity impact
70% Positive
Medium ConfidenceView detailed demographic breakdown ↓Unlock Full Demographic Insights
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Bill History
2/21/2025
Introduced in House
House of Representatives
2/21/2025
Referred to the House Committee on Ways and Means.
House of Representatives
Status Information
Current Status
Introduced(2/21/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)
Sponsors
Republican: 9
Democrat: 10
Primary Sponsor

Guy Reschenthaler
Republican
Co-Sponsors (18)
Eric Swalwell
Democrat
Richard Hudson
Republican
Suzanne Lee
Democrat
Ken Calvert
Republican
Kathy Castor
Democrat
Jay Obernolte
Republican
Paul Tonko
Democrat
John Moolenaar
Republican
Christopher Deluzio
Democrat
Dan Meuser
Republican
Jimmy Panetta
Democrat
Cory Mills
Republican
Chrissy Houlahan
Democrat
Raja Krishnamoorthi
Democrat
David Valadao
Republican
Marc Veasey
Democrat
Brad Finstad
Republican
Angela Craig
Democrat