Establishes New Jersey Bullion Depository for secure precious metals storage.
S 844 establishes the New Jersey Bullion Depository as a division within the Department of the Treasury to securely store precious metals (like gold and silver bullion and coins) for both state entities and eligible private parties. The depository, operated by a private contractor under state contract, must meet strict security standards (Class 3 Vault) and prohibit activities like metal leasing or derivatives trading to ensure physical holdings match account balances. It allows state agencies, businesses, nonprofits, and financial institutions to deposit precious metals for secure storage, with delivery available on demand within five business days. Revenue from fees will go to the State General Fund, and the State Treasurer must report annually on operations. This bill creates a new state-managed storage system for precious metals, focusing on security and accountability.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
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Full legislative history
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1
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Jan 13, 2026
Introduced
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bob Singer
RRepublican
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