S. 989 119th Congress Senate

Precious Metals Parity Act

Official title: 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.

Introduced: March 12, 2025 Introduced by: Catherine Cortez Masto Democratic · Nevada See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 12, 2025

Read twice and referred to the Committee on Finance.

Mar 12, 2025

Introduced in Senate

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What's happening now March 12, 2025

Read twice and referred to the Committee on Finance.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 17

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

QUICKEL CONSULTING SERVICES, LLC
for INTEGER LLC ON BEHALF OF WORLD GOLD COUNCIL · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
QUICKEL CONSULTING SERVICES, LLC
for INTEGER LLC ON BEHALF OF WORLD GOLD COUNCIL · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
WGC USA, INC.
for WGC USA, INC. · New York · 1st Quarter 2026 (Jan 1 - Mar 31)
QUICKEL CONSULTING SERVICES, LLC
for INTEGER LLC ON BEHALF OF WORLD GOLD COUNCIL · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
QUICKEL CONSULTING SERVICES, LLC
for INTEGER LLC ON BEHALF OF WORLD GOLD COUNCIL · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
QUICKEL CONSULTING SERVICES, LLC
for HOLLIER & ASSOCIATES ON BEHALF OF INTEGER LLC ON BEHALF OF WORLD GOLD COUNCIL · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
16 filings
SENATE
16 filings
Labor, Dept of (DOL)
4 filings
Treasury, Dept of
4 filings
Agriculture, Dept of (USDA)
3 filings
Energy, Dept of
3 filings
Environmental Protection Agency (EPA)
3 filings
Executive Office of the President (EOP)
3 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 17 filings →

Cosponsors 3

Lee, Mike

Utah · May 12, 2026

Lummis, Cynthia M.

Wyoming · Mar 12, 2025

Risch, James E.

Idaho · Mar 12, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 989: Precious Metals Parity Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-989/

MLA

"S. 989: Precious Metals Parity Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-989/.

Bluebook (legal)

S. 989, 119th Cong. (2026), https://openamerica.io/bill/119-S-989/.

Markdown link

[S. 989: Precious Metals Parity Act](https://openamerica.io/bill/119-S-989/)