What does Preamble of HR 7563 do?

This bill, formally titled 'To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes,' aims to restrict the importation of specific rare earth magnets from designated nations. The bill was introduced in the House of Representatives on February 12, 2026.

What does SHORT TITLE. of HR 7563 do?

This bill is formally titled the Rare Earth Magnet Market Revitalization Act.

What does FINDINGS; SENSE OF CONGRESS. of HR 7563 do?

This section establishes findings related to the rare earth magnet supply chain. Congress finds that price and market manipulation by the People's Republic of China has reduced investment in rare earth magnet processing in the United States and partner countries. This manipulation has created vulnerabilities in supply chains for commercial and military products. Congress expresses the sense that the Secretary of Commerce should empower U.S. manufacturers to acquire rare earth magnets from U.S. or partner sources when available.

What does LIMITATION ON IMPORTATION OF RARE EARTH MAGNETS. of HR 7563 do?

This section establishes a limitation on the importation of rare earth components and magnets originating from or incorporated with magnets originating from 'covered nations'. The Secretary of Commerce is tasked with ensuring this limitation is enforced. Exceptions to the import prohibition are provided for cases of nonavailability, where the importer certifies that the articles cannot be practicably sourced elsewhere. The Secretary can override these certifications if alternative sourcing is deemed available. Waivers may also be granted if the Secretary determines it is in the national interest. The Secretary must publish a list of importers receiving waivers and an annual aggregate report on the Department of Commerce website. The limitation applies to articles imported after one year from the date of enactment.

What does LIMITATION ON EXPORTATION OF ELECTRONIC WASTE CONTAINING RARE of HR 7563 do?

This section authorizes the Secretary of Commerce to create regulations. These regulations may prohibit the export of high-value electronic waste containing rare earth magnets. The prohibition applies if the Secretary determines the waste could be recycled or repurposed in the United States to extract rare earth magnets for new products.

What does AUTHORITY TO PROVIDE OFFTAKE AGREEMENTS OR PRICE GUARANTEES FOR of HR 7563 do?

This section authorizes the Secretary of Commerce to provide financial assistance in the form of offtake agreements or price guarantees. This assistance is available to nongovernmental entities that have invested in facilities and equipment for the manufacturing, production, processing, or recycling of rare earth components or rare earth magnets. The entities must be located in countries that are not 'covered nations'. The availability of appropriations and regulations promulgated by the Secretary of Commerce are conditions for this authorization. The Secretary must publish the terms and recipient of any assistance awarded on a publicly available website within 30 days of the award.

What does REPORT. of HR 7563 do?

This section requires the Secretary of Commerce to submit a report to specified congressional committees. The report must describe the implementation of limitations outlined in the Act. The report should assess the success of developing a secure supply of rare earth magnets. The report may include recommendations for expanding limitations to include all critical minerals.

What does DEFINITIONS. of HR 7563 do?

This section defines terms used within the Act. “Covered nation” is defined by reference to section 4872 of title 10, United States Code. “Rare earth component” includes samarium, cobalt, neodymium, iron, and boron, when intended for use in creating a rare earth magnet. “Rare earth magnet” refers to samarium-cobalt magnets and neodymium-iron-boron magnets.

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To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes. — HR. 7563

Rare Earth Magnet Market Revitalization Act

Last updated: 2/12/2026 · Introduced: 2/12/2026

Author: Jill Tokuda (D-HI)

TL;DR (AI)

This bill restricts the importation of rare earth magnets from designated 'covered nations,' allowing exceptions for nonavailability or national interest waivers.
The Secretary of Commerce is authorized to prohibit the export of electronic waste containing rare earth magnets if it can be recycled domestically to extract these materials.
The bill authorizes the Secretary of Commerce to provide financial assistance, such as offtake agreements or price guarantees, to entities manufacturing or recycling rare earth components or magnets located outside of 'covered nations'.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 6 more.

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