PRECIOUS METALS

Bills and resolutions

Dept. of the Treasury: consider certain transactions involving precious metals for purposes of identifying jurisdictions of primary money laundering concern (see S. 533), S1384 [14FE]

——— define the dollar as a fixed weight of gold (see H.R. 2558), H3474 [7MY]

——— provide authority to change the metal composition of U.S. coins if such changes reduce the cost of minting and do not impact size or functionality (see S. 1794), S3362 [12JN]

——— provide for a true audit of gold owned by the U.S. (see H.R. 2559), H3474 [7MY]

Taxation: clarify that gain or loss on the sale of certain coins or bullion is exempt from recognition (see H.R. 1089), H1461 [7FE]

Remarks in House

Minnesota: implementation of Twin Metals Minnesota Project, H4447, H4448 [12JN]