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BillHR 9060 · 119

Precious Metals Parity Act

Introduced
May 29, 2026
Cosponsors
2
Traction
0
Last Action
May 29, 2026

Bill Summary

Changes the tax treatment of precious metals, like gold and silver, to make it similar to other investments. Requires the IRS to tax precious metals like other collectibles.

Sponsored By

Kevin Hern
Republican · Oklahoma · House

Bill Journey

  1. May 29, 2026
  3. May 29, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

Affects investors who buy and sell precious metals, as they would pay taxes on their investments in the same way as other investments. Impacts taxpayers who use precious metals as a form of investment or savings.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Republican1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Ways and Means
IntroducedMay 29, 2026
Last UpdatedMay 29, 2026
Latest ActionReferred to the House Committee on Ways and Means.
Subjects
  • Economy
  • Tech

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.