S. 3218IntroducedSenate · nowHousePresidentLawIn committeeSec. 3 · S. 3218
Upgrading of gold reserves to current good delivery standards
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(a) Upgrade Not later than 5 years after the date of enactment of this Act, the Secretary of the Treasury shall upgrade the quality of the gold reserves to ensure the reserves comply with good delivery standards established by the marketplace, as of the date of enactment of this Act, including compliance with expected weight and purity standards for gold bars. (b) Contracting authority The Treasury shall, as necessary, contract with qualified refiners and secure logistics firms located within the United States to meet the requirements of this section.