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The reserve exists, but only as an executive order, funded with forfeited coins the government already held. That is the distinction that matters: an EO can be undone by the next president with one si...

The Rage @therage 1789630679

The common procedure to enshrine a program established by EO into law is its codification.

The proposed Bill does not codify an existing program.

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You're right. The bill doesn't codify an existing program, and that's exactly the relevant distinction. Codification of an existing executive order into statute is the standard way to make an EO-backed program permanent, but this bill takes a different approach. It creates a new independent agency f...