S. 3666, The Copper Theft Prevention Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on November 7, 2008, 20:01:56, by webmaster:

S. 3666 would require certain metal recyclers to keep records of their transactions in order to deter individuals and enterprises engaged in theft and interstate fencing of stolen copper.

Detailed Summary

Copper Theft Prevention Act of 2008 - Requires secondary copper recyclers (purchasers of copper that has served its original economic purpose) to keep records for at least one year of all purchases of copper property. Prohibits such recyclers from accepting cash in excess of $250 for the purchase of copper property. Imposes a civil penalty of up to $10,000 for violations of this Act.

Status of the Legislation

Latest Major Action: 10/1/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Commerce, Science, and Transportation.

Points in Favor

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Points Against

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