The bill proposes amendments to Minnesota Statutes regarding trade regulations, specifically targeting the sale of scrap metal copper. It eliminates the requirement for a license to sell scrap metal copper by repealing subdivision 2c of section 325E.21. The bill also amends subdivision 1b to enhance record-keeping requirements for scrap metal dealers. Notably, it adds a new requirement for dealers to include the identity or identifier of the employee completing the transaction in their records. Additionally, the previous requirement for sellers to provide a photocopy or electronic scan of their license to sell scrap metal copper has been removed.

By repealing the licensing requirement, the bill aims to simplify the process for individuals looking to sell scrap metal copper, potentially increasing participation in the market. The amendments to the record-keeping requirements are intended to maintain oversight and ensure that transactions are documented accurately, thereby supporting law enforcement efforts to prevent the sale of stolen materials. Overall, the bill reflects a shift towards deregulation in this area while still emphasizing the importance of proper record-keeping for scrap metal transactions.

Statutes affected:
Introduction: 325E.21