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Institute of Scrap Recycling Industries
Metal Theft Bills Pose Serious Harm to Recycling Industry
March 8th, 2009
Legislation introduced in the Congress yesterday meant to address the issue of metal theft, falls short of adequately addressing the issue. ISRI has major problems with legislation introduced in the Senate (S. 418) by Sens. Amy Klobuchar (D-Minn.) and Orrin Hatch (R-Utah), and in the House (H.R. 1006) by Reps. Bart Stupak (D-Mich.) and Lee Terry (R-Neb.). The bills contain onerous provisions regarding payments for purchases and enforcement targeted only at recyclers. Additionally, the bills would inappropriately attempt to regulate recyclers without any relationship to metal theft. Worse still, the bills are strangely silent regarding the real problem, metal...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-08)
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