A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- 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
- Scored +4
Would people with substantial wealth be better off under this?
The bill benefits wealthy investors by clarifying the tax status of precious metals held within regulated investment companies.
- Scored +3
Would high-income households be better off under this?
The tax adjustment for qualifying income provides a benefit to high-income households that utilize regulated investment companies to hold precious metals.
- Scored +3
Would business owners be better off under this?
The bill benefits owners of regulated investment companies by expanding the definition of qualifying income.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Treatment of precious metals as qualifying income: By amending section 851(b) of the Internal Revenue Code of 1986, the bill allows regulated investment companies to treat income from gold, silver, platinum, or palladium bullion as qualifying income (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts identified: The provided text does not contain any information regarding potential negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would people with substantial wealth be better off under this? — The bill benefits wealthy investors by clarifying the tax status of precious metals held within regulated investment companies. Would business owners be better off under this? — The bill benefits owners of regulated investment companies by expanding the definition of qualifying income. Would high-income households be better off under this? — The tax adjustment for qualifying income provides a benefit to high-income households that utilize regulated investment companies to hold precious metals.
- Economy And Finance
- Does this cut the tax on profits from selling investments? — By classifying precious metals as qualifying income for regulated investment companies, the bill facilitates more efficient tax treatment of income from these assets. Is this likely to grow the economy? — The bill may encourage investment in precious metals by providing clearer tax treatment for regulated investment companies.
- 5/29/2026
- Referred to the House Committee on Ways and Means.
- 2 Cosponsors added.
- Introduced in House
Steven HorsfordDemocrat · Nevada
Nathaniel MoranRepublican · Texas