S. 4014, introduced by Ms. Cortez Masto in the Senate, aims to amend the Internal Revenue Code of 1986. The bill proposes that income earned by a regulated investment company from precious metals should be considered qualifying income, similar to income from various...
Simple Explanation
S. 4014 is a plan from Congress that wants to change the rules so that when some companies make money from things like gold or silver, it counts as special income that can get them certain benefits, just like if they made money from cash.