Scrap Metal Bills Moving

After months of debate, a summer of scrap metal workgroup meetings, and a lot of compromise, a package of bills on scrap metal has been voted out of the House Regulatory Reform Committee with bi-partisan support.

The scrap metal package saw the original three bills combined to create two comprehensive bills, House Bills 4593 and 4595, sponsored by Rep. Paul Muxlow, R-Brown City, and now-Sen. Jim Ananich, D-Flint. MCUL & Affiliates maintains interest in this package because credit unions have reported considerable metal theft from foreclosed properties, and even branch properties in certain areas.  This is a major problem for credit unions because in addition to any costs to repair the damage from the removal of the metal, they also have to pay to replace the stolen metals to return the property to sellable condition (which is then still at risk for future theft).

MCUL will continue to monitor this package as it moves through the House and eventually over to the Senate. Additional bills may be added to the package in the Senate.

Submissions to Monitor should follow the submission guidelines and may be emailed. Shawn Glinis is the editor of Monitor and can be reached at 800-262-6285, ext. 449. The newsletter of the Michigan Credit Union League is published Monday mornings or Tuesday mornings when Monday is a holiday. There is no Monitor the week after Christmas and the week after the Annual Convention and Exposition. MCUL reserves the right to edit submissions for clarity and space.
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