HARTFORD – In response to catalytic converter thefts surging in Connecticut and across the country, state Senator Cathy Osten (D-Sprague) led the state Senate this afternoon in passing a bipartisan and comprehensive anti-catalytic converter theft bill designed to kill the criminal market for stolen catalytic converters.
Senate Bill 256, “AN ACT CONCERNING THE PURCHASE OR RECEIPT OF CATALYTIC CONVERTERS BY MOTOR VEHICLE RECYCLERS, SCRAP METAL PROCESSORS AND JUNK DEALERS,” was passed on a bipartisan basis in the Senate and now heads to the House of Representatives for consideration.
“The pandemic has really brought about a number of changes over the past two years: drunken driving has increased, as have pedestrian deaths, and catalytic converter thefts are up. So we’re doing something about it,” said Sen. Osten, who is Senate Chair of the Public Safety Committee. “One solution to catalytic converter thefts is to kill the market for their illegal sale. Criminals aren’t going to steal something they can’t sell, and this bill makes it nearly impossible to sell a stolen catalytic converter. I think this will make a difference for police and the public.”
About half the states in America have already passed or are considering passing new bills pertaining to catalytic converter theft, according to the National Council of State Legislatures. Like other states, Connecticut’s bill attempts to kill the market for stolen catalytic converters so thieves have no incentive to steal them in the first place.
Senate Bill 256 accomplishes this in several ways, affecting both vehicle recycling companies and junk yards. Under the bill:
If approved by the legislature and signed into law, Connecticut’s catalytic converter theft bill would take effect on July 1.
As precious metals prices soar, catalytic converter thefts have increased all across America. Catalytic converters contain the precious metals rhodium, palladium and platinum, and prices for those precious metals have increased 123% to 1,100% since 2018. For example, rhodium, which was selling for $1,850 an ounce in 2018, has been selling for $20,250 an ounce in 2022. 90 percent of the world’s rhodium is used in automobile catalytic converters, where it is used to reduce the amount of nitrogen oxides (NOx) in exhaust gases that are emitted out the tailpipe and into the atmosphere.
As precious metals prices have spiked, so have catalytic converter thefts. Thefts were up 326% nationally from 2019 to 2020, according to the National Insurance Crime Bureau (NICB), an industry association set up to combat insurance fraud. Catalytic converter thefts then jumped another 293% nationwide from mid-2020 to mid-2021, according to the State Farm insurance company.
The NICB says the rise in catalytic converter thefts has been driven not only by the rise in precious metals prices, but by the COVID-19 pandemic of the past two years. People lost income after being laid-off or reduced to working part-time, more people were working at home and leaving their parked outside, and supply chain disruptions caused shortages of already rare precious metals. It only takes a few minutes for criminals with simple tools to steal a catalytic converter that may bring them $150 cash at a junkyard, but which can cost a car owner several hundred to several thousand dollars to replace, depending on their insurance.
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