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Referenced Laws
Section 851(b)(2)(A)
Section 1
1. Short title This Act may be cited as the Precious Metals Parity Act.
Section 2
2. Treatment of income received by regulated investment companies from precious metals Section 851(b)(2)(A) of the Internal Revenue Code of 1986 is amended— by striking or foreign currencies and inserting , foreign currencies, or precious metals,, and by striking or currencies and inserting currencies, or precious metals. The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.