Bill > SB1430

This bill modifies existing Missouri law to create comprehensive regulations for metal recycling entities and scrap metal yards, focusing on preventing the sale of stolen metals. The bill establishes new definitions for regulated metals (including copper, brass, bronze, aluminum, catalytic converters, and certain batteries) and requires metal recycling businesses to maintain detailed records of metal purchases. Key provisions include mandating electronic transaction reporting to the state department of revenue within two business days of purchase, requiring sellers to provide photo identification and proof of ownership, and restricting metal purchases to between 7:00 a.m. and 7:00 p.m. The legislation also imposes significant penalties for businesses that knowingly purchase stolen metals, including fines ranging from $5,000 to $10,000 and potential license revocation. Additionally, the bill requires metal recycling entities to display prominent notices about identification requirements, maintain transaction records for at least 36 months, and consult a state-provided list of known receivers of stolen property before completing any transaction. These measures are designed to create a more transparent and accountable system for metal recycling and reduce opportunities for selling stolen metals.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=19767