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