Precious Metals Workgroup and Study

The Utah Legislature passed H.B. 348 Precious Metals Amendments during the 2024 Legislative Session authorizing the state treasurer to invest up to 10% of the State’s rainy day funds in precious metals. It also requires the state treasurer to:

a) Conduct a study analyzing the role of precious metals in augmenting, stabilizing, and ensuring the economic security and prosperity of the state, the families and residents of the state, and businesses in the state; and 

b) Submit to the Revenue and Taxation Interim Committee on or before the committee's 2024 October interim committee meeting any recommendations for legislation resulting from the outcome of the study.


Precious Metals Workgroup
To meet the second requirement of the legislation, Treasurer Oaks formed a workgroup to assist with the study. The workgroup will meet five times.
The hybrid meetings will be held on May 29, June 26, August 28, September 25, and October 9 from 3:30 p.m. to 5:00 p.m. in the Capitol Board Room (on the second floor of the Utah State Capitol Building) and livestreamed on YouTube. Recordings will be available after the meeting.

Workgroup Members

State Treasurer Marlo Oaks
Representative Ken Ivory
Representative Jefferson Moss
Representative Keven Stratton
Senator Kirk Cullimore
Sophia DiCaro, Governor’s Office of Planning and Budget
Dan Burton, Utah Office of Attorney General
Christian Chelak, Office of U.S. Senator Mike Lee
Howard Headlee, Utah Bankers Association
Hugh Hannesson
Gary Crittenden
Randy Quarles
Kevin Freeman


Workgroup Meetings


Watch Livestream

The first meeting of the Precious Metals Workgroup will held on Wednesday, May 29, 2024 at 3:30 p.m.  Members of the public may attend the meeting in-person on the second floor of the Utah State Capitol Building in the Capitol Board Room or watch the livestream of the meeting.  Recordings of the meeting will be made available. 



Livestream on YouTube

Watch Recordings


Recordings on YouTube

Contact:


Policy and Communications Deputy
Brittany Griffin
(801) 918-1411
[email protected]