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Silver vault expansion bill introduced in U.S. Senate
From Money Metals News Service, Eagle, Idaho
Thursday, May 21, 2026
U.S. Sens. Jim Risch, R-Idaho, Catherine Cortez Masto, D-Nevada, today introduced the bipartisan System Integrity through Licensed Vault Expansion and Resilience Act (the SILVER Act), designed to derisk, modernize, and strengthen America's precious metals market infrastructure by encouraging greater geographic diversification of approved precious metals depositories.
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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. ...
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