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MO HB1392
Bill
Status
1/19/2012
Primary Sponsor
Galen Higdon
Click for details
AI Summary
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Defines "commodity metals" as brass, copper, copper alloys, aluminum, stainless steel, magnesium, or other metals traded on commodity markets selling for 50 cents per pound or greater, excluding precious metals like gold, silver, and platinum.
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Requires commodity metal purchasers to register with the scrap theft alert system maintained by the Institute of Scrap Recycling Industries, download theft alerts, and train employees to identify potentially stolen metals.
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Mandates commodity metal purchasers maintain copies of theft alerts for 90 days and document employee education about scrap theft alerts.
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Creates a 10-member Commodity Metals Theft Task Force consisting of law enforcement representatives, industry stakeholders, and government officials to meet at least annually and recommend improvements to Missouri's commodity metals regulations and theft prevention policies.
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Task force expires July 1, 2017, with annual reporting required to the judiciary committees of both the house and senate regarding meetings, findings, and recommendations.
Legislative Description
Requires a purchaser of commodity metals to register with the scrap theft alert system maintained by the Institute of Scrap Recycling Industries and establishes the Commodity Metals Theft Task Force
Last Action
Public Hearing Completed (H)
4/2/2012