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Congress·In Committee

Congress Proposes Ban on Rare Earth Magnets from China to Boost U.S. Supply Chains

Rare Earth Magnet Market Revitalization Act

21 days ago·View on Congress.gov

Legislative Progress

✓ Filed
Review
House
Senate
President

Key Points

  • This bill aims to stop the United States from relying on countries like China for rare earth magnets, which are essential for everything from cell phones and electric cars to military equipment.
  • It would ban the import of these magnets and products containing them starting one year after the law passes, though companies can get a waiver if they truly cannot find the parts anywhere else.
  • To help build a local supply, the government would offer price guarantees and financial help to companies that build factories or recycling centers for these magnets in the U.S. or friendly nations.
  • The plan also stops companies from shipping electronic waste overseas if those old devices contain magnets that could be recycled and reused here at home.
Economy FinanceNational Security Foreign PolicyEnergy Environment

Impact Analysis

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions
Feb 12, 2026House

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Ways and Means, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Feb 12, 2026

Introduced in House

What Happens Next

Projected impacts based on AI analysis

1 year after enactment

Import ban on rare earth magnets from covered nations takes effect

Companies can no longer import rare earth magnets or products containing them from China and other adversarial nations without a waiver, potentially raising prices on electronics, EVs, and other products that use these magnets.

3 years after enactment

Commerce Department publishes 3-year report on import ban effectiveness

Congress will evaluate whether the ban worked and could decide to expand it to cover all critical minerals, significantly broadening the policy's scope.

Related News

3 articles
Maui Now·20 days ago

Reps. Tokuda joins in introducing Bipartisan Bill to strengthen US supply chains

U.S. Reps. Jill Tokuda and Neal Dunn introduced the Rare Earth Magnet Market Revitalization Act to rebuild domestic manufacturing for rare earth magnets. The bill includes sourcing preferences for American or allied sources and government-backed purchase agreements to build new supply chains.

C+
Hoodline·19 days ago

Tokuda Takes On China in High-Stakes Fight Over U.S. Magnet Muscle

The bipartisan Rare Earth Magnet Market Revitalization Act aims to rebuild U.S. production of magnets used in EVs and defense systems. It proposes tools like recycling requirements and federal purchasing to strengthen supply chains currently dominated by China, which Tokuda called a 'threat.'

C=
Military.com·16 days ago

Army Special Forces Veteran Using Military Skills to Boost US Supply Chains

The article highlights the introduction of the Rare Earth Magnet Market Revitalization Act on Feb. 12 as a key legislative effort to bolster national security by rebuilding domestic manufacturing capacity for rare earth magnets, essential for defense and high-tech hardware.

C=

Source Information

Document Type

Congressional Bill

Official Title

Rare Earth Magnet Market Revitalization Act

Bill NumberHR 7563
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the Committee on Foreign Affairs, and in addition to the Committees on Ways and Means, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsor

Cosponsors

(1)
R: 1

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.