Coalition applauds Stupak copper legislation UNDATED (wnmu) - A Washington, D.C.-based advocacy group is hailing legislation introduced by U.S. Representative Bart Stupak that would help prevent copper larceny. The Coalition Against Copper Theft says the crime is a growing trend in the U.S. that affects home and business owners, jeopardizes critical infrastructure, and further endangers the real estate market.

Stupak's bill requires metal dealers to document the transaction, and bans cash transactions of more than $500 for scrap copper. The price of copper has been steadily rising--from around $2.00 a pound in mid-2006 to more than $4.00 per pound in mid-2008.

The coalition says if passed, the bill would save businesses and homeowners thousands of dollars.
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