H.R. 1496: Rare Earth Magnet Security Act of 2025

H.R. 1496 is a federal bill in the 119th Congress. Today, companies that manufacture rare earth magnets in the United States receive no specialized federal tax credit specifically for that production. Under this bill, companies that produce high-performance permanent magnets domestically will receive a tax… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.