Fair Treatment for Precious Metals Investors Act
Latest action · Jun 27, 2007 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 27, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Jun 27, 2007 to Nov 5, 2007; 7 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Chris Cannon | Original | Jun 27, 2007 |
| R-CA | David Dreier | Original | Jun 27, 2007 |
| R-SC | Joe Wilson | Original | Jun 27, 2007 |
| R-NV | Jon C. Porter | Original | Jun 27, 2007 |
| R-CO | Marilyn N. Musgrave | Original | Jun 27, 2007 |
| R-PA | Phil English | Original | Jun 27, 2007 |
| R-NC | Walter B. Jones | Original | Jun 27, 2007 |
| R-TX | Ron Paul | Jul 18, 2007 | |
| R-ID | Bill Sali | Nov 5, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jun 27, 2007 |
Actions 2
Everything that happened, newest first.
- Jun 27, 2007Introduced in House
- Jun 27, 2007Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1546 | Fair Treatment for Precious Metals Investors Act | Identical bill | Jun 5, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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 the maximum capital gains rate for individuals.
- Short Titles as Introduced
- Fair Treatment for Precious Metals Investors Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 27, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
