CFTC Chairman to Examine National Security Risks from Geographical Concentration of Depositories for Precious Metals

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Washington, D.C. (April 16, 2026) — At today’s U.S. House Agriculture Committee oversight hearing, Commodities Futures Trading Commission (CFTC) Chairman Michael Selig today applauded – and pledged to assist the efforts by – two members of Congress who recently introduced the “System Integrity through Licensed Vault Expansion and Resilience Act” (SILVER Act).

The SILVER Act (H.R. 8007): – introduced by Rep. Russ Fulcher (R-ID) and Rep. Mark Harris (R-NC) – seeks to address longstanding geographic limitations on approved depositories for precious metals tied to regulated futures markets.

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CFTC Chairman to Examine National Security Risks from Geographical Concentration of Depositories for Precious Metals

CFTC Chairman Michael Selig applauded efforts today of two members of Congress who recently introduced the SILVER Act

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