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    <number>9227</number>
    <updateDate>2026-06-29T06:04:34Z</updateDate>
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    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2026-06-09</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/house-bill/9227</legislationUrl>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 172, Number 97 (Tuesday, June 9, 2026)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. MOOLENAAR:H.R. 9227.Congress has the power to enact this legislation pursuantto the following:Authorized by Article I, Section 8 of the Constitution ofthe United States, specifically:Clause 1 (the Taxing and Spending Clause), which grantsCongress the power to lay and collect taxes and provide forthe common defense and general welfare of the United States,authorizing the tax credit provisions established in IRCSec. Sec. 45BB and 45CC;Clause 3 (the Commerce Clause), which grants Congress thepower to regulate commerce with foreign nations and among theseveral states, authorizing provisions governing the domesticproduction and sourcing of permanent magnets and relatedmaterials in interstate and international commerce; and[Page H4054]</pre>]]></constitutionalAuthorityStatementText>
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        <bioguideId>M001194</bioguideId>
        <fullName>Rep. Moolenaar, John R. [R-MI-2]</fullName>
        <firstName>John</firstName>
        <lastName>Moolenaar</lastName>
        <party>R</party>
        <state>MI</state>
        <middleName>R.</middleName>
        <district>2</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
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        <bioguideId>K000389</bioguideId>
        <fullName>Rep. Khanna, Ro [D-CA-17]</fullName>
        <firstName>Ro</firstName>
        <lastName>Khanna</lastName>
        <party>D</party>
        <state>CA</state>
        <district>17</district>
        <sponsorshipDate>2026-06-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <fullName>Rep. Krishnamoorthi, Raja [D-IL-8]</fullName>
        <firstName>Raja</firstName>
        <lastName>Krishnamoorthi</lastName>
        <party>D</party>
        <state>IL</state>
        <district>8</district>
        <sponsorshipDate>2026-06-24</sponsorshipDate>
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      <name>Taxation</name>
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      <policyArea>
        <name>Taxation</name>
        <updateDate>2026-06-29T06:04:33Z</updateDate>
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    </subjects>
    <title>Magnets Value Chain Support Act of 2026</title>
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        <title>Magnets Value Chain Support Act of 2026</title>
        <updateDate>2026-06-22T13:53:24Z</updateDate>
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        <title>Magnets Value Chain Support Act of 2026</title>
        <updateDate>2026-06-22T13:53:24Z</updateDate>
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        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Internal Revenue Code of 1986 to incentivize the domestic production and use of permanent magnets, and for other purposes.</title>
        <updateDate>2026-06-22T13:48:38Z</updateDate>
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        <date>2026-06-09T04:00:00Z</date>
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    <latestAction>
      <actionDate>2026-06-09</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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