(Money Metals News Service) U.S. Senators Jim Risch (R-ID) and Catherine Cortez Masto (D-NV) today introduced the bipartisan “System Integrity through Licensed Vault Expansion and Resilience Act” (SILVER Act), designed to derisk, modernize, and strengthen America’s precious metals market infrastructure by encouraging greater geographic diversification of approved precious metals depositories.
The Senate bill follows the recent successful introduction of companion legislation in the U.S. House (H.R. 8007) amid growing concerns among lawmakers, regulators, and industry leaders over the national security risks created by geographic concentration of exchange-approved precious metals depositories in the vicinity of New York.
Read Full Article: https://headlineusa.com/sens-risch-and-cortez-masto-introduce-bipartisan-silver-act-to-derisk-u-s-precious-metals-market-infrastructure/
