HR 8007 · 119th Congress

To amend the Commodity Exchange Act to reduce systemic risk while increasing geographical diversity and competition with respect to depositories for the storage of precious metals, and for other purposes.

Right now, precious metals like gold and silver that are traded on exchanges in the U.S. have to be stored in vaults very close to New York City. This creates a problem: it concentrates all the risk in one geographic area, makes it harder to get metals when you need them, and drives up storage costs for everyone inv…

Sponsor

Fulcher, Russ (R-Idaho)

Introduced

2026-03-19

Policy area

Finance and Financial Sector