Federal theft bill said encouraging

Aug 10, 2012 | 03:46 PM | Daniel Fitzgerald

Tags  Scott Horne, ISRI, Institute of Scrap Recycling Industries, Charles Schumer, Amy Klobuchar, scrap metal bill, scrap metal law, scrap Daniel Fitzgerald

NEW YORK — A proposed national scrap metals theft law that would impose federal penalties on those found guilty of stealing metals for scrap has been called encouraging by players in the industry.

Sen. Charles Schumer (D., N.Y.) announced Thursday that his proposed new legislation would make "stealing metal from critical infrastructure" a federal crime and would introduce strict documentation requirements for sellers.

The proposed legislation would also mandate basic recordkeeping by scrap metals buyers and prohibit them from paying more than $100 in cash for scrap.....

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