Findings; sense of Congress

(a) Findings Congress finds the following: (1) Price and market manipulation by the People’s Republic of China has reduced the incentive for private investment in rare earth magnet processing, refining, and production in the United States and partner countries. (2) This has created unacceptable vulnerabilities to the supply chains for commercial and military products that rely upon rare earth magnets. (b) Sense of Congress It is the sense of Congress that the Secretary of Commerce should be empowered to ensure that United States-based manufacturers acquire rare earth magnets from United States or partner sources to the extent they are available.