HR9060Referred to Committee

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.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-29
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Kevin Hern
Kevin Hern
Republican · OK · Representative
Votes with party: 97.0% (538 recorded votes)

Full profile: /officials/H001082

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-05-29

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Investment companies that focus on precious metals like gold and silver would be allowed to count income from these assets as "qualifying income" under tax law, which could help them maintain their special tax status. Currently, these companies face stricter rules that might disqualify them if too much of their income comes from precious metals rather than traditional stocks and bonds. This change would make it easier for precious metals investment funds to operate while keeping their favorable tax treatment.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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