Changes the law regarding catalytic converters

This bill requires scrap metal dealers and secondhand property sellers to maintain detailed records for all transactions involving detached catalytic converters. Specifically, they must document the buyer's ID, transaction details, vehicle identification number (VIN) of the converter's source, and keep records for 36 months. Dealers cannot alter converters for five business days after purchase and face fines up to $10,000 for knowingly buying stolen converters. It exempts regular business-to-business transactions and minor metal components in larger items. The law directly affects scrap metal dealers handling catalytic converters, aiming to combat theft by creating traceable records.