To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes.

Sponsor: Jill N. Tokuda (Democratic-HI)February 12, 2026

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In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

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.

Bans imports of rare earth magnets from certain countries to boost U.S. production.

This bill would stop the import of rare earth magnets and parts from certain countries, like China, starting one year after it is signed into law. It also offers financial help to companies that make these magnets in the U.S. or partner nations. The goal is to make sure America has a secure supply of these important materials for commercial and military products.

What Would Change

Today, rare earth magnets and components can be imported from any nation. There are also no specific federal incentives for domestic production or prohibitions on electronic waste exports. After this bill, the U.S. would largely stop importing these materials from "covered nations." It would also offer financial support to boost their production in the U.S. and partner countries. It would also allow the government to stop exporting electronic waste containing these magnets.

Key Provisions

Prohibits importing rare earth magnets and components from certain countries, starting one year after the bill is signed into law.
Lets the Secretary of Commerce allow exceptions to the import ban if materials aren't available elsewhere or if it's in the national interest.
Requires the Secretary of Commerce to publish a list of import waivers granted and an annual report summarizing all waivers.
Allows the Secretary of Commerce to stop the export of electronic waste containing rare earth magnets if they can be recycled in the U.S.
Offers financial help to companies that make or recycle rare earth magnets in the U.S. or partner countries. This could include purchase agreements or price guarantees.

View on Congress.gov

HR 7563 · 119th Congress · February 12, 2026 · AI Summary by gemini-2.5-flash · 10/10

To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes.

What Would Change

Key Provisions

Lobbying Activity