Current U.S. Money Reserve president and former U.S. Mint Director, Philip N. Diehl, was appointed chairman of the Industry Council for Tangible Assets (ICTA) at the association's Board of Director's meeting at the end of August.
ICTA is a nonprofit association that supports the rare coin, paper money, and precious metals industry, with over 30 years of service. As an industry “watchdog,” the association works to maintain a favorable regulatory climate across all 50 states and to safeguard the interests of its members. Through ICTA, members have the opportunity to consult, cooperate, and educate governmental and other agencies to find solutions to problems affecting their businesses.
After serving on the ICTA board as vice chair for many years, Diehl has the experience and passion to successfully and honorably serve as the association's chairman through 2018. Most recently, he was instrumental in reforming the 2013 Minnesota Bullion Coin Dealer law, a law which imposed undue regulatory burdens on bullion and numismatic dealers and their valued customers. After years of tireless labor, Diehl and ICTA succeeded in reforming the original statute. Minnesota governor Mark Dayton signed ICTA's reform legislation into law in May 2016, concluding ICTA's most ambitious legislative effort to date.
As the newly minted chairman, Diehl will be focusing on three key initiatives: increasing ICTA's value to its members, growing the association's membership base and financial resources, and improving communication and cooperation among major industry organizations.
“I'm honored to serve in this capacity for our organization,” says Diehl, and “I'm excited about our strategic initiatives and the opportunity to move ICTA forward as the leading association for numismatic legislative and regulatory affairs.”
Prior to serving on the ICTA board and leading U.S. Money Reserve, Diehl served as chief of staff of the U.S. Department of the Treasury and as staff director of the U.S. Senate Finance Committee. Diehl was nominated by President Bill Clinton to be Director of the U.S. Mint, where he worked closely with officials in the Executive Branch and on Capitol Hill, and developed a deep understanding of monetary policy. This understanding and experience continues to shape his work as U.S. Money Reserve president and ICTA chairman.
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Learn more about Diehl's role and read the full press release on PR Newswire: U.S. Money Reserve President Philip Diehl Named Chairman of the Industry Council for Tangible Assets