U.S. Congress legislation · 119th Congress
HB9060: Precious Metals Parity Act
Status: In committee, May 29, 2026
To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
What the bill says
To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
From the introduced text, May 29, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income. SECTION 1. Short title This Act may be cited as the Precious Metals Parity Act . SECTION 2. Treatment of income received by regulated investment companies from precious metals (a) In general Section 851(b) of the Internal Revenue Code of 1986 is amended-- (1) in paragraph (2)(A)-- (A) by striking or foreign currencies and inserting , foreign currencies, or precious metals , and (B) by striking or currencies and inserting currencies, or precious metals , and (2) by adding at the end the following new sentence: For purposes of paragraph (2), the term precious metals means any gold, silver, platinum, or palladium bullion described in section 408(m)(3)(B). . (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Sponsors
- Kevin Hern (R, HD-OK-1) · primary sponsor
- Steven Horsford (D, HD-004)
- Nathaniel Moran (R, HD-001)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB9060?
- HB9060 is a bill in Congress (119th Congress): Precious Metals Parity Act.
- What does HB9060 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
- What is the status of HB9060?
- In committee as of May 29, 2026. Latest action: Referred to the House Committee on Ways and Means. (May 29, 2026).
- Who sponsored HB9060?
- Kevin Hern (R, HD-OK-1), with 2 co-sponsors.
- Where is the official record for HB9060?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/9060
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.