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119th Congress

S. 989 · 119th Congress (2025–2027)

Precious Metals Parity Act

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.

CRS summary not yet available.

Referred to committee

Latest actionReferred to committee

This bill’s path

This is S. 989’s recorded path, not a universal congressional workflow.

How bills become lawAll actions

  1. Introduced

  2. Passed Senate

  3. Passed House

  4. Sent to President

  5. Signed into law

Sponsor
Sen. Catherine Cortez Masto (D-NV)
Cosponsors
3 cosponsors

2 original · 1 later

  1. Sen. Cynthia M. Lummis (R-WY)· Original · Mar 12, 2025
  2. Sen. James E. Risch (R-ID)· Original · Mar 12, 2025
  3. Sen. Mike Lee (R-UT)· Later · May 12, 2026
Policy area
Taxation

On this page

Timeline

i

In chronological order. Major procedural acts are shown in full. Committee work and ordinary amendments fold in place where they happened, so they do not jump the sequence or stretch the timeline.

  1. Introduced in Senate

    Document: Introduced in Senate

    Sources
  2. Latest

    Referred to committee

    Read twice and referred to the Committee on Finance.

    Sources

Committees

  1. SenateFinanceReferred Mar 12, 2025

Text & titles

i

Each distinct name Congress.gov recorded, once. Official, short, display, and popular titles stay distinct when the wording differs. The same wording is not repeated for every text version.

Text versions
VersionDateLinks
Introduced in Senate
Titles (2)

  1. Precious Metals Parity Act

    Display title, Short title · Introduced in Senate

  2. 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.

    Official title · Introduced in Senate