H.R. 7563: Rare Earth Magnet Market Revitalization Act
Sponsor
Jill Tokuda
Democrat · HI-2
Bill Progress
Latest Action · Feb 12, 2026
Referred to 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. for review
Why it matters
If enacted, the bill would force importers within one year to find non-covered sources for rare earth magnets, components, and even products incorporating them, unless they win a waiver from Commerce—meaning immediate pressure on electronics, auto, defense, and clean-energy supply chains. U.S. miners, refiners, recyclers, and magnet manufacturers would get the upside, especially with federal price guarantees or offtake support, while companies reliant on low-cost Chinese inputs would face higher costs, compliance headaches, and possible shortages; the e-waste export restriction is also designed to keep valuable magnet-containing scrap in the U.S. for recycling instead of shipping it abroad.
H.R. 7563 Common Questions
Can the US ban imports of products made with Chinese rare earth magnets?
Yes. Under the Rare Earth Magnet Market Revitalization Act (Section 3), the U.S. would prohibit imports of rare earth magnets, rare earth components, and articles incorporating them if they originate from a covered nation.
When would the rare earth magnet import ban take effect?
According to HR7563 Section 3, the import limitation would apply to articles imported 1 year after the date of enactment.
Can companies get a waiver to import rare earth magnets from covered nations?
Yes. Under the Rare Earth Magnet Market Revitalization Act (Section 3), importers may seek a waiver if non-covered sourcing is not practicable or if the Secretary grants a case-by-case waiver in the national interest.
Does the bill require the Commerce Department to publish which companies got rare earth magnet waivers?
Yes. Under the Rare Earth Magnet Market Revitalization Act (Section 3), Commerce must post a list of waiver recipients, including the amount and type of magnets imported, plus an annual aggregate waiver report.
Can the Commerce Department stop exports of electronic waste with rare earth magnets?
Yes. According to HR7563 Section 4, the Secretary of Commerce may prohibit exports of high-value electronic waste containing rare earth magnets if it could be recycled or repurposed in the U.S.
Can rare earth magnet recyclers get federal price guarantees under this bill?
Yes. Under the Rare Earth Magnet Market Revitalization Act (Section 5), the Secretary may provide offtake agreements or price guarantees to eligible nongovernmental entities investing in manufacturing, processing, or recycling facilities in non-covered nations.
How soon would Commerce have to disclose rare earth magnet subsidy deals?
According to HR7563 Section 5, the Secretary must publish the terms and recipient of an offtake agreement or price guarantee within 30 days after the award.
What are considered rare earth magnets under HR7563?
Under the Rare Earth Magnet Market Revitalization Act (Section 7), rare earth magnets are samarium-cobalt magnets and neodymium-iron-boron magnets.
Which materials count as rare earth components in the bill?
According to HR7563 Section 7, rare earth components include samarium, cobalt, neodymium, iron, and boron when intended for use in creating a rare earth magnet.
Does the bill require a report on expanding restrictions to all critical minerals?
Yes. Under the Rare Earth Magnet Market Revitalization Act (Section 6), Commerce must submit a report within 3 years after enactment that includes recommendations on expanding the limitations to all critical minerals.
Based on H.R. 7563 bill text
HR7563 Legislative Journey
House: Committee Action
Feb 12, 2026
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.
About the Sponsor
Jill Tokuda
Democrat, Hawaii's 2nd congressional district · 3 years in Congress
Committees: House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, Agriculture, Armed Services
View full profile →
Cosponsors (1)
This bill has 1 cosponsor: 1 Republican. Cosponsors represent 1 state: Florida.
Committee Sponsors
Energy and Commerce Committee
1 of 54 committee members cosponsored
Ways and Means Committee
0 of 45 committee members cosponsored
No committee members have cosponsored this bill
Foreign Affairs Committee
0 of 51 committee members cosponsored
No committee members have cosponsored this bill
65 Democrats across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 7563 Quick Facts
- Committee
- Energy and Commerce
- Chamber
- House
- Policy
- Foreign Trade and International Finance
- Introduced
- Feb 12, 2026
Referred to 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. for review
Feb 12, 2026
H.R. 7563 Bill Text
“To prohibit the importation of certain rare earth magnets from covered nations, and for other purposes.”
Source: U.S. Government Publishing Office
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