Public Act 22-43, which Gov. Ned Lamont signed into law on May 17, takes aim at the recent rise in catalytic converter thefts by establishing new requirements for businesses that purchase these parts.
The legislation bans motor vehicle recyclers from accepting any catalytic converters that are not attached to a car. Scrap metal processors and junk dealers may still purchase individual converters, but must maintain meticulously-detailed records of where, when, and from whom the part was purchased 鈥� including the seller鈥檚 name, address, and driver鈥檚 license number.
The uptick in converter thefts is not a uniquely 黑料吃瓜网 phenomenon 鈥� several other states have proposed similar legislation.
鈥淚t鈥檚 not uncommon to see property crimes increase during challenging economic circumstances,鈥� said Ken Barone, who researches crime, particularly auto thefts, at the University of 黑料吃瓜网. 鈥淎round 18 to 20 other states have considered similar bills.鈥�
Barone said insurance claims for converter thefts nationwide have risen nearly tenfold during the pandemic, and the thefts are likely underreported.
Catalytic converters are because they contain precious metals like rhodium, which is worth up to seven times more than gold per ounce.
鈥淧art of that is that we have these supply chain issues that have driven up the cost of these precious metals even more than they would鈥檝e in other economic downturns,鈥� Barone said.
Barone believes that requiring businesses to carefully consider where their parts are coming from is smart, but he also pointed out that it could be too easy for people to travel across state lines to sell parts they stole in 黑料吃瓜网.
