This bill proposes to amend the Internal Revenue Code of 1986 to ensure that income derived by a regulated investment company (RIC) from precious metals is treated as qualifying income. This crucial change would allow RICs to include investments in precious metals as part of their portfolio while maintaining their favorable tax treatment under current law. Specifically, the legislation modifies Section 851(b) of the Code to add "precious metals" alongside foreign currencies as a source of qualifying income. For the purposes of this act, "precious metals" are defined as gold, silver, platinum, or palladium bullion, as specified in section 408(m)(3)(B) of the Code. These amendments will take effect for taxable years beginning after the date of the bill's enactment.