Promoted from vice chair, Diehl to serve as chairman for 2016-2018 term
AUSTIN, Texas, Sept. 2, 2016 /PRNewswire/ — U.S. Money Reserve president, Philip N. Diehl, was named the new chairman of the Industry Council for Tangible Assets (ICTA) at the association's Board of Directors meeting last week.
Diehl, also the former Director of the U.S. Mint, served as vice chair of the ICTA Board of Directors prior to being named chair of the association. 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 credited with leading and accomplishing the most ambitious legislative effort ICTA had ever undertaken at the state level. The project involved reforming a 2013 Minnesota statute, which imposed unreasonable regulatory burdens 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. In the end, Diehl and ICTA successfully had the MN legislature pass their bill which Governor Mark Dayton signed into law in May 2016.
As the new chairman, Philip Diehl's goals are to focus on increasing ICTA's value to its members, growing ICTA'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,” said Diehl. “I'm excited about our strategic initiatives and the opportunity to move ICTA forward as the leading association for numismatic legislative and regulatory affairs.”
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.
For more information, or to speak with company leadership at U.S. Money Reserve, please contact Jim Warren at 512-583-6514 or [email protected] or Lacy Rushin at [email protected] or visit www.usmoneyreserve.com.