Skip to main content
S 1157 109th Congress Senate

Fair Treatment for Precious Metals Investors Act

Official title: A bill to amend the Internal Revenue Code of 1986 to treat gold, silver, platinum, and palladium, in either coin or bar form, in the same manner as equities an… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to treat gold, silver, platinum, and palladium, in either coin or bar form, in the same manner as equities and mutual funds for purposes of maximum capital gains rate for individuals.

Introduced: May 26, 2005 Introduced by: Crapo, Mike Republican · Idaho See on congress.gov
Taxation Capital gains taxCoins and coinageFinance and Financial SectorGold
More subjectsShow fewer subjects
Income taxLawPlatinumPrecious metalsPublic Lands and Natural ResourcesSilverTax ratesTrusts and trustees
Sign in to write a letter Sign in to watch
This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2005
Read twice and referred to the Committee on Finance.
May 26, 2005
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 26, 2005

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Fair Treatment for Precious Metals Investors Act - Amends the Internal Revenue Code to treat bullion (e.g., gold, silver, platinum, and palladium) as a long-term capital asset (currently, treated as a collectible), eligible for preferential capital gains tax rates.

 Related & companion bills 1
  • HR 1772 Identical bill Fair Treatment for Precious Metals Investors Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1157: Fair Treatment for Precious Metals Investors Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-1157/
MLA
"S. 1157: Fair Treatment for Precious Metals Investors Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-1157/.
Bluebook (legal)
S. 1157, 109th Cong. (2026), https://openamerica.io/bill/109-S-1157/.
Markdown link
[S. 1157: Fair Treatment for Precious Metals Investors Act](https://openamerica.io/bill/109-S-1157/)
Report a problem