AUSTIN, Texas, Jan. 26, 2017 /PRNewswire/ -- U.S. Money Reserve President Philip N. Diehl was honored at the Industry Council for Tangible Assets (ICTA) board of directors' dinner in Ft. Lauderdale, FL. The event recognized the ICTA board members who worked tirelessly to amend the Minnesota Bullion Coin Dealer Law.
ICTA chairman Philip Diehl, as well as board members Gary Adkins and Greg Allen, were recipients of the annual Diane Piret Memorial Outstanding Service Award. Diehl is credited with leading and accomplishing one of the most ambitious legislative efforts ICTA has ever undertaken at the state level. The project involved reforming a 2013 Minnesota statute, which imposed highly restrictive regulations on bullion and numismatic dealers and customers. Utilizing his experience in Washington and as a former state regulator, Diehl designed and executed ICTA's legislative and communications strategies.
According to ICTA, the team participated in numerous meetings with the Department of Commerce (DoC), legislators, lobbyists, and dealers residing inside and outside of Minnesota. The members attended shows in Minnesota and around the country to educate the dealers and collectors on the changes, and even helped to raise funding for the massive undertaking.
Diehl and ICTA's efforts yielded successful results when Minnesota Governor Mark Dayton signed a new law amending the state's contentious Bullion Coin Dealer Law in May 2016.
"I'm honored to receive recognition for our hard work to amend the Minnesota Bullion Coin Dealer Law," said Diehl. "The 2013 Minnesota statute required revising due to its unreasonable regulatory burdens. Passing major legislation is a real accomplishment that affects the entire industry."
The Industry Council for Tangible Assets is the "watchdog" for the rare coins, paper money, and precious metals bullion communities. They maintain a favorable regulatory climate throughout all 50 states and provide a medium through which its members may confer, consult, and cooperate with and educate governmental and other agencies to achieve solutions to problems affecting their businesses.
Diehl is considered one of the most accomplished U.S. Mint Directors in history, and as president of one of the world's largest private distributors of U.S. and foreign government-issued gold, silver and platinum legal tender products, he is widely considered a credible and trustworthy source for the precious metals market.
For more information, or to speak with company leadership at U.S. Money Reserve, please contact Jim Warren at 512-583-6514 or [email protected] or Lacy Rushin at [email protected] or visit www.usmoneyreserve.com.
About U.S. Money Reserve
U.S. Money Reserve is one of the nation's largest private distributors of U.S. government-issued gold, silver and platinum products.
Founded in 2001, U.S. Money Reserve has grown into one of the world's largest private distributors of U.S. and foreign government-issued gold, silver and platinum legal tender products. Hundreds of thousands of clients across the country rely on U.S. Money Reserve to diversify their assets with physical precious metals, primarily in the form of U.S. gold and silver coins.
U.S. Money Reserve's uniquely trained team includes coin research and numismatic professionals equipped with expert market knowledge to find products that offer the highest profit potential for precious metals buyers at every level. U.S. Money Reserve goes above the industry standard to provide superior customer service, with the goal of establishing a long-term relationship with each and every one of its customers. U.S. Money Reserve is based in Austin, Texas. Like them on Facebook, connect on LinkedIn, and follow on Twitter @USMoneyReserve.
Contact: Jim Warren
SOURCE U.S. Money Reserve