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Dossier Legislative introduced 12-mar-2025
Bill introduced in Congress — not yet passed by either chamber, and not law.

Precious Metals Parity Act

Key claim: The Precious Metals Parity Act (S989, 119th Congress) was read twice and referred to the Senate Committee on Finance on 2025-03-12.

Abstract

(S989 · 119th Congress) Latest action (2025-03-12): Read twice and referred to the Committee on Finance.

Why this matters

The Precious Metals Parity Act would revise the federal tax treatment of precious metals, currently taxed as collectibles at a higher long-term capital gains rate (up to 28%) than ordinary long-term capital assets (up to 20%). Aligning precious metals with standard capital gains rates would reduce taxes for investors realizing gains on gold, silver, platinum, and palladium holdings. The bill remains at an early procedural stage, having only been referred to committee without hearings or markup.

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Briefing card

Precious Metals Parity Act
Stage: introduced · congress · 12-mar-2025

The Precious Metals Parity Act (S989, 119th Congress) was read twice and referred to the Senate Committee on Finance on 2025-03-12.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-s-989:introduced

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