H.R. 9060 – Precious Metals Parity Act

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Updated June 6, 2026 at 3:21 AM UTC

The Precious Metals Parity Act would change the tax code so that income a regulated investment company earns from precious metals is treated the same as other qualifying income. By adding precious metals to the list of eligible assets, the bill expands the types of income that receive favorable tax treatment. This change would affect regulated investment companies and their investors.

Key Provisions

Amends Section 851(b) of the Internal Revenue Code to insert “precious metals” into the list of assets whose income qualifies for special tax treatment.
Defines “precious metals” as gold, silver, platinum, or palladium bullion as described in section 408(m)(3)(B).
The amendment takes effect for taxable years beginning after the law is enacted.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

May 29, 2026

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HouseIntro Referral

Introduced in House

May 29, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

May 29, 2026

Bill Text

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Introduced in HouseIssued May 29, 2026

I

119th CONGRESS

2d Session

H. R. 9060

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.

1.

Short title

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

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.