|Posted:||January 11, 2017 02:52 PM|
|From:||Representative Dom Costa|
|To:||All House members|
|Subject:||Re-Introduction former HB 1373 – Modernization of the Precious Metal Sale Regulation Law|
In the near future I will be re-introducing legislation – House Bill 1373, Printer’s Number 1932 from the 2015-2016 Legislative Session. This legislation amends the Precious Metal Sale Regulation Law, adding further requirements to assist law enforcement in the recovery of stolen precious metals and providing increased support for licensed precious metal dealers.
The Precious Metal Sale Regulation Law was enacted in 1984. During that time, the price of gold has risen from $300 per ounce in 1984 to roughly $1,200 per ounce at this writing. This increase in the price of gold and other precious metals has prompted increased numbers of precious metal thefts. My legislation would modernize the Precious Metal Sale Regulation Law and assist in the investigation of precious metal thefts.
In addition to increased requirements for identification of sellers and additional recordkeeping of precious metal transactions, this legislation makes the following changes to the current law:
Introduced as HB293