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Committee debates bill to hold gold and silver in state portfolio; holds measure for further review
Summary
Lawmakers debated House Bill 1183, which would require the state investment board to hold physical gold or silver equal to at least 1% of state funds. Members raised liquidity, custodial and general‑fund concerns and ultimately held the bill for further review and drafting changes.
BISMARCK — The House Industry, Business and Labor Committee debated House Bill 1183, a proposal that would require the State Treasurer and the state investment board to hold physical gold and silver bullion in secure custody equal to at least 1 percent of state funds.
Representative Volmer said he would move a do‑not‑pass recommendation but acknowledged interest in the policy idea. “As far as I know, we are not waiting on amendments for this. This is where we would physically hold gold and silver…
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