House bill · H.R. 1496 (119th Congress)
Rare Earth Magnet Security Act of 2025
U.S. House of Representatives
Sponsor: Guy Reschenthaler (U.S. Representative, PA-14, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
The bill would add a new section to the Internal Revenue Code creating a tax credit for the domestic production of high-performance rare earth magnets.
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Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Ways and Means · U.S. House of Representatives
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Cosponsors
29
Showing the 28 who are on Agora, A to Z. Congress.gov listed 29 as of Aug 1, 2026.
See all cosponsors on Congress.gov (opens in a new tab)- Democratic17
- Republican11
This bill has cosponsors from more than one party.
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Related bills
As identified by Congress.gov.
Full history
- Feb 21, 2025
Introduced
Introduced in House
U.S. House of Representatives
- Feb 21, 2025
Introduced
Introduced in U.S. House
U.S. House
- Feb 21, 2025
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.