2025-2026 Regular SessionUS 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 ↓

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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