,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #ijfj  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bi1 #bjbf,mr4  
,hern of ,oklahoma 7for himself1 ,mr4   
,horsford1 and ,mr4 ,moran7 introduced  
the following bill2 which was referred  
to the ,committee on ,ways and ,means   
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to provide that 
income received by a regulated          
investment company from precious metals 
shall be treated as qualifying income4  
#a4 ,short title ,this ,act may be cited
 as the ,precious ,metals ,parity ,act4 
#b4 ,treatment of income received by    
regulated investment companies from     
precious metals  7a7 ,in general        
,section #hea7;b7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 in paragraph 7#b77;,a7-- 7,a7 by   
striking or foreign currencies and      
inserting 1 foreign currencies1 or      
precious metals1 and  7,b7 by striking  
or currencies and inserting currencies1 
or precious metals1 and  7#b7 by adding 

at the end the following new sentence3  
,for purposes of paragraph 7#b71 the    
term precious metals means any gold1    
silver1 platinum1 or palladium bullion  
described in section #djh7m77#c77;,b744 
7b7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after the date of the   
enactment of this ,act4