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.
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 third meeting of the Precious Metals Workgroup will held on Wednesday, August 28, 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.