H.R. 9060

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9060 Introduced in House (IH)]

<DOC>

119th CONGRESS
2d Session
H. R. 9060

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.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

May 29, 2026

Mr. Hern of Oklahoma (for himself, Mr. Horsford, and Mr. Moran) 
introduced the following bill; which was referred to the Committee on 
Ways and Means

_______________________________________________________________________

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.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Precious Metals Parity Act''.

SEC. 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.
<all>