H.R. 9060

Summary

H.R. 9060, the Precious Metals Parity Act, was introduced in the House on May 29, 2026 by Rep. Kevin Hern (R) with 2 co-sponsors. It was referred to Ways And Means, and last saw action on May 29, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 9060 has 2 co-sponsors.

119 HR 9060 IH: Precious Metals Parity Act
 U.S. House of Representatives
 2026-05-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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.

Sponsors

Rep. Kevin Hern (R) sponsors H.R. 9060, and 2 members have co-sponsored it, all of them from the day it was introduced.

Kevin Hern

Rep. · R–OK-1 · Sponsor

Introduced May 29, 2026

Steven Horsford

Rep. · D–NV-4 · Co-sponsor

Joined May 29, 2026 · Original

Nathaniel Moran

Rep. · R–TX-1 · Co-sponsor

Joined May 29, 2026 · Original

Show 3 of 3 rows

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Committees

H.R. 9060 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · May 29, 2026 · 1,160 Bills

Actions

H.R. 9060 has taken 2 actions since May 29, 2026.

Votes

H.R. 9060 has not gone to a roll call.

Titles

H.R. 9060 goes by 3 titles, 1 of them short titles.

• Precious Metals Parity Act — Display Title
• Precious Metals Parity Act — Short Title(s) as Introduced
• 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. — Official Title as Introduced

Lobbying

2 clients hired 2 firms and 3 registered lobbyists who named H.R. 9060 in 2 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Budget/Appropriations, Consumer Issues/Safety/Products, Fuel/Gas/Oil, Trade (domestic/foreign).

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 9060 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 9060’s is Taxation.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 9060, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 91 (Friday, May 29, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HERN of Oklahoma:H.R. 9060.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H3741]

Source: congress.gov · legiscan.com