Precious Metals Parity Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- May 29, 2026
What it does
The Precious Metals Parity Act would amend the Internal Revenue Code to treat income received by regulated investment companies from precious metals as qualifying income, allowing such income to count toward the diversification requirements necessary for these companies to maintain their tax-advantaged status. Specifically, it would add gold, silver, platinum, or palladium bullion to the list of assets considered as foreign currencies under Section 851(b)(2)(A) of the tax code. The change would apply to taxable years beginning after the date of enactment and affect regulated investment companies that hold or derive income from precious metals.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.