Definitions

In this Act: (1) Covered nation The term covered nation has the meaning given that term in section 4872 of title 10, United States Code. (2) Rare earth component The term rare earth component means samarium, cobalt, neodymium, iron, and boron, to the extent such materials are intended for use in the creation of a rare earth magnet. (3) Rare earth magnet The term rare earth magnet means samarium-cobalt magnets and neodymium-iron-boron magnets.