On March 19, 2024, the Iowa House passed House Bill 2626 (HF2626) with a 63-32 vote, aiming to...
North Carolina Considers State-Run Bullion Depository
In June 2023, the North Carolina House State Government Committee approved House Bill 721 (H721), introduced by Rep. Mark Brody and three co-sponsors, mandating a cost-benefit analysis for establishing a state-administered bullion depository. This proposed depository would securely store precious metals and facilitate their use in everyday financial transactions, potentially challenging the Federal Reserve's monetary monopoly. The bill allocates $50,000 for the study, reflecting North Carolina's interest in following states like Texas, which established a state bullion depository in 2015.
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