Lawmakers introduce SILVER Act to de-risk U.S. precious metals market infrastructure

From Money Metals News Service Thursday, March 19, 2026 Two members of Congress have introduced the System Integrity through Licensed Vault Expansion and Resilience Act (SILVER Act), a measure aimed at modernizing the nation's precious metals storage framework and reducing systemic risks within U.S. financial markets. The legislation, filed today by Rep. Russ Fulcher, R-Idaho, and Rep. Mark Harris, R-North Carolina, seeks to address longstanding geographic limitations on approved depositories for precious metals tied to regulated futures markets. ... Dispatch continues below ... ... ADVERTISEMENT ... Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver Bullion Star is now open in the United States, offering gold and silver bullion at extremely competitive prices with free delivery. Bullion Star also offers customers a year of free vault storage along with free delivery as well as storage in its secure precious metals vault in Dallas, Texas. Storing precious metals is challenging. Homeowner's insurance seldom covers precious metals, and safe deposit boxes offered by banks are neither insured nor covered by the government deposit insurance. Bullion Star's vault is an independently run, Class III UL-rated vault with uncompromising surveillance and round-the-clock security. With Bullion Star you can transact and store your metals securely and confidentially. Your bullion is fully insured against all risks at full replacement value. Bullion Star uses five audit methods to verify the existence and correctness of your stored bullion. For more information, please visit: https://www.bullionstar.us/ Under current exchange practices, these storage facilities are largely confined to the New York City area, creating what lawmakers and industry participants describe as a concentration risk with negative implications for market stability, national security, liquidity, and investor access. "Having metal depositories located in more than one region in the United States will provide Americans with affordable access to metal exchanges and safeguard assets in the event of a national emergency or extreme weather event," Fulcher said "I'm oud to introduce the SILVER Act, which requires the approval of at least two depositories in the Eastern, Central, Mountain, and Pacific time zones, strengthening system integrity and resiliency." ... ... For the remainder of the report: https://www.moneymetals.com/news/2026/03/19/lawmakers-introduce-silver-act-to-de-risk-us-precious-metals-market-infrastructure-004776 * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png