S989Referred to Committee

Precious Metals Parity Act

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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: 78.8% (841 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.

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

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
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