Diehl one of three to receive the annual Diane Piret Memorial Outstanding Service Award in recognition of helping to pass major legislation
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.
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