From the category archives:
The national trade association for rare coin, currency, and precious metals dealers is sounding alarm bells for dealers, saying Washington lawmakers are considering legislation that would add regulatory burden to the coin and metals industy and encumber local deaers in the area and across the nation. The additional regulation proposal relates to ...
Full Article: Government regulation could inhibit physical possession of metals - Examiner.com
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Could reform of the American financial system inadvertently trap the coin business in damaging regulation?
The Industry Council for Tangible Assets thinks this is a possibility if proposed changes to retail precious metals transactions involving financing are approved. It has e-mailed all of its members urging them to fax or e-mail their congressional representatives stating their opposition to a specific reform proposal ...
Full Article: ICTA thinks reform could spell trouble - Numismatic News
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Founding board member David L. Ganz was given the James U. Blanchard Lifetime Achievement Award of the Industry Council for Tangible Assets at the organization’s Jan. 7 dinner meeting in Orlando, Fla.
It is only the third time ICTA, which was founded in 1983 as the voice of the numismatic community in Washington, D.C., and state capitals, has given the award.
Full Article: Ganz receives ICTA award - Numismatic News
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The Industry Council for Tangible Assets has formed a committee to recommend candidates for U.S. Mint director to the Obama administration. My first reaction was huh?
ICTA is a numismatic lobbying organization formed to defend collectors and businessmen from unfair taxes such as state sales taxes on coin and bullion transactions and to win collectors who own coins tax treatment that is identical to the long-term capital gains tax treatment that they get on other investments...
Full Article: New ICTA Committee a Loser - The Buzz with Dave Harper
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ICTA recently helped defeat an 11th hour proposal that would have put precious metals dealers under the jurisdiction of the CFTC which may also have led to federal licensing and further regulation of the industry.
In late April, during Senate consideration of the 2008 farm bill (HR 2419), a section was added to reauthorize the Commodity Futures Trading Commission (CFTC) and amend the Commodity Exchange Act (CEA).
The House Agriculture Committee marked up similar legislation, so the two CFTC bills were both being considered by the joint Senate/House Conference Committee that would recommend the final bill.
Entire article: ICTA Helps Thwart Proposal for CFTC Regulation of Coin Dealers - CoinNews
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