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Congress·In Committee·H.R. 9060

Precious Metals Parity Act

Precious Metals Investment Rules for Mutual Funds

22 days ago·View on Congress.gov·Read full text

This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Ways and Means. It is actively moving forward as it waits for the committee to decide on the next steps. There are no upcoming votes scheduled at this time.

Legislative Progress

House
Senate
President
Law
Unlikely to pass

While it has bipartisan support, tax code changes for specific investment types often struggle to get floor time unless they are part of a larger tax package.

Key Points

  • This bill changes tax laws to allow mutual funds and other investment companies to count money made from precious metals as qualifying income. This helps these companies keep their special tax status while holding physical assets like gold or silver.
  • The change specifically applies to gold, silver, platinum, and palladium bullion. Currently, these companies face strict limits on how much of their income can come from commodities, which can make it harder for them to offer certain types of investment products.
  • If passed, this would make it easier for everyday investors to access precious metals through standard investment accounts like 401(k)s or IRAs. It treats these metals more like stocks or bonds in the eyes of the tax man.
  • The bill is a bipartisan effort led by Hern of Oklahoma and Horsford of Nevada. It aims to modernize investment rules that some argue are outdated and do not reflect how people want to diversify their savings today.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions
May 29, 2026House

Referred to the House Committee on Ways and Means.

May 29, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Related Bills

No related bills have been identified yet.

Source Information

Document Type

Congressional Bill

Official Title

Precious Metals Parity Act

Bill NumberHR 9060
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Read Full Bill Text

Sponsor

Cosponsors

(2)
D: 1R: 1

Analysis generated by AI. Always verify with official sources.