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Senate committee votes 3-2 against bill to require state purchase of gold and silver
Summary
The Senate Industry and Business Committee voted 3-2 to recommend 'do not pass' on a proposal from Representative Dan Johnston that would have required the State Treasurer to hold gold and silver; senators cited liquidity, custody and the treasurer's role as concerns.
The Senate Industry and Business Committee voted 3-2 to recommend do not pass on legislation and related resolutions that would have directed state officials to acquire or hold precious metals as part of state assets.
Committee members debated the bill introduced by Representative Dan Johnston and referenced a related House Concurrent Resolution, House Resolution 3001, which encourages the State Treasurer and State Investment Board to consider…
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