{"database": "press", "table": "releases", "rows": [["https://www.risch.senate.gov/news/press-releases/risch-cortez-masto-introduce-bill-to-boost-access-to-precious-metal-depositories/", "Risch, Cortez Masto Introduce Bill to Boost Access to Precious Metal Depositories", "2026-05-21", "2026", "2026-05", "Republican", "Senate", "ID", "James E. Risch", "R000584", "www.risch.senate.gov", "risch", "https://www.risch.senate.gov/public/index.cfm/press-releases", "scraper", "WASHINGTON \u2013 U.S. Senator Jim Risch (R-Idaho) and Catherine Cortez Masto (D-Nev.) today introduced the System Integrity through Licensed Vault Expansion and Resilience (SILVER) Act to increase geographic diversity of precious metal depositories.\n\nThe vast majority of U.S. storage facilities for precious metals exchanges are currently in the New York City region.\n\nThe SILVER Act would require two depositories be selected for approval in the Mountain, Pacific, Eastern, and Central U.S. time zones to improve access to secure storage in Western states like Idaho, strengthen market liquidity, and lower costs.\n\n\u201cThe concentration of precious metal depositories in a single region has left Idahoans at a disadvantage,\u201d said Risch. \u201cMy SILVER Act broadens the geographic locations of these facilities, which will reduce costs, strengthen our national security, and allow Idahoans to store precious metals closer to home.\u201d\n\n\u201cThe West was built on mining, an industry whose innovation is still at the forefront of the Silver State\u2019s development today,\u201d said Cortez Masto. \u201cThat\u2019s why it\u2019s critical that we allow mineral and metals depositories to exist outside of just the New York region, including in places like Nevada. The SILVER Act supports our mining industry and reduces the burdens placed on them so they can continue to thrive.\u201d\n\nThe SILVER Act is supported by Money Metals Depository, The Silver Institute, Columbia Bank, A-Mark Precious Metals/Gold.com, Zions Bancorp/Nevada State Bank, Frontier Mint, Texas Precious Metals Depository, First Mint/First Majestic Silver Corp, Kilo Capital, and Highland Mint. U.S.\n\n\u201cOn behalf of our broad industry coalition spanning all segments of the U.S. precious metals supply chain, I thank Senators Risch and Cortez Masto for taking this important first step in addressing both the national security risks and anti-competitive behaviors caused by geographical concentration in our market,\u201d said Stefan Gleason, CEO of Money Metals.\n\nRepresentative Russ Fulcher (R-Idaho) introduced the companion bill in the House of Representatives.\n\n\u200b", 1, "2026-05-22T06:27:39Z", "2026-05-22T06:29:18Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.risch.senate.gov/news/press-releases/risch-cortez-masto-introduce-bill-to-boost-access-to-precious-metal-depositories/"], "units": {}, "query_ms": 1.1680279858410358, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}