# 119-hr-9060: Precious Metals Parity Act

119-hr-9060, Precious Metals Parity Act, is a 119th Congress bill sponsored by Rep. Hern, Kevin [R-OK-1] (R-OK); status introduced; PRIA reads it as touching household money (as of 2026-06-10).

- Canonical: https://policyrisk.com/legislation/119-hr-9060
- As of: 2026-06-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9060
- Congress: 119
- Title: Precious Metals Parity Act
- Status: introduced
- Introduced: 2026-05-29
- Sponsor: Rep. Hern, Kevin [R-OK-1] (R-OK)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-10

## Summary

**Counts income from gold, silver, platinum, and palladium bullion as qualifying income for regulated investment companies (RICs).** This bill would amend the Internal Revenue Code by adding those precious metals to the qualifying income list in Section 851(b), allowing mutual funds and other RICs to receive precious-metal income without losing RIC tax treatment for taxable years beginning after enactment.

## Cosponsors (2)

- Rep. Horsford, Steven [D-NV-4] (D-NV), 2026-05-29T00:00:00.000Z
- Rep. Moran, Nathaniel [R-TX-1] (R-TX), 2026-05-29T00:00:00.000Z

## Provisions PRIA read

- Allow precious metals in RICs: benefit, low. This bill would let regulated investment companies (RICs) count income from certain precious metals as qualifying income. It would add "precious metals" to the list in section 851(b)(2)(A) and define them as gold, silver, platinum, or palladium bullion described in section 408(m)(3)(B). If enacted,…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-33: To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United…
- 119-hr-2570: Maximum Pressure Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2891: IRA Charitable Rollover Facilitation and Enhancement Act of 2025

## Sources
- [119-hr-9060 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9060)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-33: To amend the Internal Revenue Code of 1986 to provide special rules for the tax…](https://policyrisk.com/legislation/119-hr-33)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2891: IRA Charitable Rollover Facilitation and Enhancement Act of 2025](https://policyrisk.com/legislation/119-hr-2891)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9060 (as of 2026-06-10).