A bill to 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, and for other purposes.
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.
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Introduced in Senate
Read twice and referred to the Committee on Commerce, Science, and Transportation.
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