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Rare Earth Magnet Market Revitalization Act
3/9/2026, 11:23 PM
Summary of Bill HR 7563
The bill, titled "To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes," was introduced in the 119th Congress as H.R. 7563 on February 12, 2026. The purpose of the bill is to restrict the importation of specific rare earth magnets from designated nations, with additional unspecified purposes outlined in the bill text.
Read the Full Bill
Current Status of Bill HR 7563
Bill HR 7563 is currently in the status of Bill Introduced since February 12, 2026. Bill HR 7563 was introduced during Congress 119 and was introduced to the House on February 12, 2026. Bill HR 7563's most recent activity was 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. as of February 12, 2026
Bipartisan Support of Bill HR 7563
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7563
Primary Policy Focus
Foreign Trade and International FinanceAlternate Title(s) of Bill HR 7563
To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes.
To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes.
Comments
Sponsors and Cosponsors of HR 7563
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