To amend the Internal Revenue Code of 1986 to modify the rules relating to coins and bullion that may be held by individual retirement accounts and certain other individually-directed accounts.

Summary

Amends Internal Revenue Code provisions relating to bullion held in individual retirement accounts (IRAs) and other tax-exempt individually directed retirement plans to allow: (1) such bullion to be held in the form of a bar, ingot, or coin; (2) IRA trustees to satisfy physical possession requirements for such bullion by merely holding indicia of ownership; and (3) the transfer of the physical possession of such bullion to a custodian engaged in the business of holding bullion, coins, and precious metals.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 November 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 6 November 2007

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• Introduced in House

  summary · EN · 6 November 2007

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