CONGRESS FOR VOTERS

RepublicanBill · H.R. 9060· House(119-HR-9060)

Precious Metals Parity Act

Rep. Hern
Age: 65 years
Oklahoma
Introduced
5/29/2026
Last activity
5/29/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Kevin Hern
Cosponsors
Republican - 1Democrat - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The Precious Metals Parity Act aims to amend the Internal Revenue Code of 1986. This bill would change how certain income is treated for regulated investment companies. Specifically, it seeks to include income received from precious metals as qualifying income. The bill defines precious metals as gold, silver, platinum, or palladium bullion. These changes would apply to taxable years beginning after the Act is enacted.

Yes· 3 of 5

  • Would people with substantial wealth be better off under this?+4

    The bill benefits wealthy investors by clarifying the tax status of precious metals held within regulated investment companies.

  • Would high-income households be better off under this?+3

    The tax adjustment for qualifying income provides a benefit to high-income households that utilize regulated investment companies to hold precious metals.

  • Would business owners be better off under this?+3

    The bill benefits owners of regulated investment companies by expanding the definition of qualifying income.

The opposite

No question was scored the opposite.