Requirements for purchase of catalytic converters and retention of seller information

(a) Inclusion of catalytic converters Paragraph (7) of section 33101 of title 49, United States Code (as redesignated by section 3(d)), is amended— (1) in subparagraph (K), by striking; and and inserting a semicolon; (2) by redesignating subparagraph (L) as subparagraph (M); (3) by inserting after subparagraph (K), the following: (L) the catalytic converter; and; and (4) in subparagraph (M), as so redesignated, by striking subclauses (A)–(K) of this clause and inserting subparagraphs (A) through (L) of this paragraph. (b) Retention of records Section 33111 of title 49, United States Code, is amended— (1) in subsection (a), in the subsection heading, by striking General requirements and inserting Prohibitions related to selling motor vehicle parts; (2) by redesignating subsections (b) and (c) as subsections (c) and (d), respectively; and (3) by inserting after subsection (a) the following: (b) Retention of records (1) Requirement A person engaged in the business of salvaging, dismantling, recycling, or repairing motor vehicles or motor vehicle parts that contain precious metals shall retain the records of any seller of motor vehicle parts that sells such a part to such person, including the following: (A) The name, address, telephone number, and a photocopy of a government-issued identification of the seller. (B) With regard to the motor vehicle or motor vehicle from which the parts came, the following: (i) The make. (ii) The model. (iii) The vehicle identification number or a unique part identification number marked, etched, or engraved on the converter that can be tied directly to the vehicle identification number of the vehicle. (iv) The date of purchase. (2) Duration of retention Such person shall retain such information for a period of at least two years. (3) Definitions In this subsection: (A) Precious metals The term precious metals has the meaning given such term in section 109–27.5101 of title 41, Code of Federal Regulations, or any successor regulation. (B) Unique part identification number The term unique part identification number, with respect to a motor vehicle part, means a unique part identification number that— (i) is marked, etched, or engraved on the motor vehicle part; and (ii) is tied directly to the vehicle identification number of the vehicle on which the part was originally installed.. (c) Prohibition on sale of certain catalytic converters It shall be unlawful to sell or purchase any catalytic converter which has had identifying markings removed or otherwise tampered with. (d) Traceable form of payment (1) In general Any purchase or sale of a catalytic converter shall be made with a traceable form of payment, including check and wire transfer. (2) Prohibition It shall be unlawful to sell or purchase any catalytic converter for cash or cryptocurrency. (e) Regulations The Attorney General shall prescribe regulations to carry out this section and the amendments made by this section, including the enforcement and penalties that apply to a violation of this section and the amendments made by this section.