Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023

Cost and committee reports

Official records Congress.gov attaches to H.R. 2849.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. RESCHENTHALER, as printed in the Congressional Record (Vol. 169, No. 69, April 25, 2023, Page H1949):
  Article 1 Section 8 The single subject of this legislation is: To amend the Internal Revenue Code of 1986 to establish a credit for the domestic production of rare earth magnets, and for other purposes.
  Source: Congress.gov, Congressional Record April 25, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  202 characters

  Congress.gov bill record

  H.R. 2849, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/2849

  Record last updated by Congress.gov

  January 9, 2026

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  a400728cdb0e1ecb66a62e4e1eb09e6da126031fd40b8bb1428b5aa513f15b7c

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of January 9, 2026). Not every bill gets one.

From the Congress.gov bill record for H.R. 2849, last updated January 9, 2026. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.