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S989Referred to Committee

Precious Metals Parity Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-12
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Catherine Cortez Masto
Catherine Cortez Masto
Democrat · NV · Senator
Votes with party: 57.1% (312 recorded votes)

Full profile: /officials/C001113

Source: Congress.gov · FEC

Cosponsors (3)

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

  • Cynthia M. Lummis (R-WY)Original· 2025-03-12
  • James E. Risch (R-ID)Original· 2025-03-12
  • Mike Lee (R-UT)· 2026-05-12

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 →

Read twice and referred to the Committee on Finance.

2025-03-12

Source: Congress.gov

Committee Activity

Previously

  • Senate Committee on FinanceReferred To · 2025-03-12

Plain-English Summary

The proposal would change how the federal government taxes gains from buying and selling precious metals like gold, silver, and platinum to match the tax treatment of other investments. Currently, profits from selling precious metals are often taxed at higher rates than stocks or bonds, and this bill would create equal tax treatment across these different types of investments. This would primarily affect individual investors and collectors who buy and sell precious metals.

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.

Subjects

Taxation
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S3041Tribal Warrant Fairness Act
    Reported by Committee · 2026-05-19
  • S4532Small Business Wildfire Smoke Recovery Act
    Referred to Committee · 2026-05-14
  • S4534Microbusiness Support Act
    Referred to Committee · 2026-05-14
  • SJRES128A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".
    Referred to Committee · 2026-05-13