ICTA Uses New Software to Follow Legisation|
March 17, 2014
You know the private security screening at airports conducted by TSA? You can thank ICTA for that.
And the option to put U.S. Eagle bullion coins in your IRA investment? You can thank ICTA for that too.
The Industry Council for Tangible Assets lobbied for both on behalf of dealers and collectors involved in the rare coin, currency and metals industry. That means keeping a close eye on proposed legislation on both the national and state level.
It currently is tracking 37 bills that would impact, positively or negatively, the industry, said ICTA Executive Director Kathy McFadden.
That’s a lot of work for an ICTA staff of three, so the organization has implemented State Net, a legislative tracking software system.
“State Net is a monitoring service to track legislative and regulatory affairs in all 50 states,” McFadden said at a seminar held during the American Numismatic Association National Money Show in Atlanta on Feb. 28.
The focus of the seminar was to recruit volunteers who would use the State Net system to track legislation in designated regions.
Mike Fuljenz of Universal Coin & Bullion is funding the first year of the service, she said, but ICTA will look for funding streams for following years.
“We think this will turn out to be one of the most exciting things ICTA has done,” McFadden said.
State Net alerts users to proposed legislation and regulations that may affect the rare coin, currency and precious metals industry, tracks bills through committees and provides information sheets.
ICTA has established a State Affairs Committee that will help coordinate the efforts of volunteers, who receive online training.
There are currently 13 volunteers, but more are needed to cover the 10 national regions.
For more information on becoming a State Net volunteer contact McFadden at Kathy.email@example.com.
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