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House bill · 119th Congress · Latest step: Introduced

Rare Earth Magnet Security Act of 2025

H.R. 1496Introduced Feb 21, 2025Policy area: Taxation

Official title: To amend the Internal Revenue Code of 1986 to establish a credit for the domestic production of high-performance rare earth magnets, and for other purposes.

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Where it went

Latest action: Feb 21, 2025 — Referred to the House Committee on Ways and Means.

Cost and committee reports

Official records Congress.gov attaches to H.R. 1496.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 19, 2026). Not every bill gets one.

From the Congress.gov bill record for H.R. 1496, last updated September 19, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

29 cosponsors — 11 Republicans, 18 Democrats

18 of 29 cosponsors (62%) are from the other party.

Ken Calvert (R-CA), André Carson (D-IN), Kathy Castor (D-FL), Angie Craig (D-MN), Sharice Davids (D-KS), Christopher Deluzio (D-PA), Julie Fedorchak (R-ND), Brad Finstad (R-MN), Charles Fleischmann (R-TN), John Garamendi (D-CA), Josh Gottheimer (D-NJ), Steven Horsford (D-NV), Chrissy Houlahan (D-PA), Richard Hudson (R-NC), Jonathan Jackson (D-IL), Raja Krishnamoorthi (D-IL), Susie Lee (D-NV), Betty McCollum (D-MN), Daniel Meuser (R-PA), Cory Mills (R-FL), John Moolenaar (R-MI), Kelly Morrison (D-MN), Jay Obernolte (R-CA), Jimmy Panetta (D-CA), Pete Stauber (R-MN), Eric Swalwell (D-CA), Paul Tonko (D-NY), David Valadao (R-CA), Marc Veasey (D-TX).

More from the sponsor

Other 119th Congress bills sponsored by Rep. Guy Reschenthaler.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Pennsylvania in Congress · PA-14 district

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.