Bills/S. 1979

Rare Earth Magnet Security Act of 2025

Rare Earth Magnet Security Act of 2025

In CommitteeEconomySenateSenate Bill · 119th Congress
Bill Progress · Senate
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# Rare Earth Magnet Security Act of 2025 - Summary **What the Bill Would Do:** The Rare Earth Magnet Security Act of 2025 aims to address U.S. dependence on foreign sources for rare earth magnets, which are critical components in many modern technologies and defense systems. While specific provisions aren't detailed in the available information, bills with this title typically focus on strengthening domestic production capacity, supply chain security, and reducing reliance on other countries—particularly China—for these essential materials. **Who It Affects:** This legislation would impact manufacturers of products using rare earth magnets (including electronics, renewable energy equipment, and military hardware), domestic mining and manufacturing companies, and potentially consumers through changes in product availability or pricing. It could also affect U.S.

national security and economic competitiveness in key industries. **Current Status:** As of now, S 1979 is in committee, meaning it has been introduced but has not yet undergone full debate or voting in the Senate. The bill was sponsored by Senator Catherine Cortez Masto (D-Nevada). Further legislative action would be required for it to advance toward a vote.

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Latest Action

June 5, 2025

Read twice and referred to the Committee on Finance.

Sponsor

2 cosponsors

Key Dates

Introduced
June 5, 2025
Last Updated
June 5, 2025
Read Full Text on Congress.gov →
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