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BillHR 9227 · 119

Magnets Value Chain Support Act of 2026

Introduced
Jun 9, 2026
Cosponsors
1
Traction
0
Last Action
Jun 9, 2026

Bill Summary

Supports the development of a domestic magnets supply chain by funding research and development of magnet manufacturing. Funds efforts to reduce reliance on foreign-sourced magnets.

Sponsored By

John R. Moolenaar
Republican · Michigan · House

Bill Journey

  1. Jun 9, 2026
  3. Jun 9, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

Affects US magnet manufacturers and related industries, potentially creating jobs and increasing domestic production. Also impacts companies relying on magnet imports, which may see changes in their supply chain and costs.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Republican1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary Topic—
CommitteeCommittee on Ways and Means
IntroducedJun 9, 2026
Last UpdatedJun 9, 2026
Latest ActionReferred to the House Committee on Ways and Means.

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.