Rare Earth Magnet Security Act of 2025

Hozzl · 2025-06-19T03:38:15Z

Explore the details of Senate Bill 1979 Rare Earth Magnet Security Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

6/19/2025, 3:38 AM

Summary of Bill S 1979

This bill, designated as S. 1979 in the 119th Congress and introduced on June 5, 2025, aims to amend the Internal Revenue Code of 1986 to create a credit for the domestic manufacturing of high-performance rare earth magnets.

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Current Status of Bill S 1979

Bill S 1979 is currently in the status of Bill Introduced since June 5, 2025. Bill S 1979 was introduced during Congress 119 and was introduced to the Senate on June 5, 2025. Bill S 1979's most recent activity was Read twice and referred to the Committee on Finance. as of June 5, 2025

Bipartisan Support of Bill S 1979

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Policy Area and Potential Impact of Bill S 1979

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Alternate Title(s) of Bill S 1979

A bill 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.