HR8007-119

In Committee

SILVER Act

119th Congress Introduced Mar 19, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, SILVER Act, changes federal law or congressional policy affecting transportation operators and travelers. The main policy domain is Transportation, Trade, Finance.

Who Benefits and How

transportation operators and travelers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, transportation operators and travelers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HC491AB85E2D148FFA9D7ADA0A95B26E4: 1. Short title This Act may be cited as the System Integrity through Licensed Vault Expansion and Resilience Act or the SILVER Act.
  • Section H8C40A6EFB21549D3BDDDA6BC450A050D: 2. Findings Congress finds the following: Precious metals exchanges currently require physically traded metals to be stored within close proximity to New York...
  • Section H03F91CCC230B4874A042654DD1D8401A: 3. Precious metals depositories used in connection with futures contracts Section 5b(c)(2) of the Commodity Exchange Act (7 U.S.C. 7a–1(c)(2)) is amended— in...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, SILVER Act, changes federal law or congressional policy affecting transportation operators and travelers.

Key Policy Areas

Transportation, Trade, Finance

Primary Purpose

This bill, SILVER Act, changes federal law or congressional policy affecting transportation operators and travelers.

Policy Domains

Transportation Trade Finance

Whole bill

Identified Gains
  • transportation operators and travelers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
transportation operators and travelers: ,
Identified Costs
  • federal implementing agencies
  • transportation operators and travelers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
transportation operators and travelers: ,

Legislative Progress

In Committee
Introduced Committee Passed
Mar 19, 2026

Referred to the House Committee on Agriculture.

Mar 19, 2026

Introduced in House

Mar 19, 2026

Mr. Fulcher (for himself and Mr. Harris of North Carolina) …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Transportation Trade Finance
Actor Mappings
"federal_implementing_agencies"
→ Federal agencies assigned duties by the bill

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology