HR9060
Referred to committee
Precious Metals Parity Act
- Federal
- House
- Introduced May 29, 2026
- Session 119
Bill Text
Version IHThis Act may be cited as the Precious Metals Parity Act.
Section 851(b) of the Internal Revenue Code of 1986 is amended—
in paragraph (2)(A)—
by striking or foreign currencies and inserting , foreign currencies, or precious metals, and
by striking or currencies and inserting currencies, or precious metals, and
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)..
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Section 851(b) of the Internal Revenue Code of 1986 is amended—
in paragraph (2)(A)—
by striking or foreign currencies and inserting , foreign currencies, or precious metals, and
by striking or currencies and inserting currencies, or precious metals, and
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)..
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Legislative Timeline
3 actions-
Introduced in House
-
Introduced in House
-
Referred to the House Committee on Ways and Means.