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        <title>Fair Treatment for Precious Metals Investors Act</title>
        <congress>110</congress>
        <number>2883</number>
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        <latestAction>
          <actionDate>2007-06-27</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <text>Introduced in Senate</text>
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        <fullName>Sen. Crapo, Mike [R-ID]</fullName>
        <firstName>Mike</firstName>
        <lastName>Crapo</lastName>
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        <fullName>Sen. Reid, Harry [D-NV]</fullName>
        <firstName>HARRY</firstName>
        <lastName>REID</lastName>
        <party>D</party>
        <state>NV</state>
        <middleName>M.</middleName>
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        <fullName>Sen. Ensign, John [R-NV]</fullName>
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        <sponsorshipDate>2007-06-05</sponsorshipDate>
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        <fullName>Sen. Stevens, Ted [R-AK]</fullName>
        <firstName>THEODORE</firstName>
        <lastName>STEVENS</lastName>
        <party>R</party>
        <state>AK</state>
        <middleName>F.</middleName>
        <sponsorshipDate>2007-06-05</sponsorshipDate>
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        <fullName>Sen. Craig, Larry E. [R-ID]</fullName>
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        <lastName>CRAIG</lastName>
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        <state>ID</state>
        <middleName>EDWIN</middleName>
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          <name>Capital gains tax</name>
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        <item>
          <name>Coins and coinage</name>
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        <item>
          <name>Finance and Financial Sector</name>
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        <item>
          <name>Gold</name>
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        <item>
          <name>Income tax</name>
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        <item>
          <name>Law</name>
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        <item>
          <name>Platinum</name>
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          <name>Precious metals</name>
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          <name>Public Lands and Natural Resources</name>
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          <name>Silver</name>
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          <name>Tax rates</name>
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        <actionDate>2007-06-05</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2007-06-12T22:08:12Z</updateDate>
        <text><![CDATA[ <p>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. </p>]]></text>
      </summary>
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    <title>Fair Treatment for Precious Metals Investors Act</title>
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        <titleType>Display Title</titleType>
        <title>Fair Treatment for Precious Metals Investors Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <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 the maximum capital gains rate for individuals.</title>
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        <title>Fair Treatment for Precious Metals Investors Act</title>
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        <type>Introduced in Senate</type>
        <date>2007-06-05T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-06-05</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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