Will stricter regulations stop the epidemic metal theft problem currently happening around the globe? I certainly think going after those paying for the stolen metal is a good idea!

Georgia could become the guinea pig for this theory.

A new law aimed at cracking down on metal theft in Georgia puts more responsibility on scrap metal recyclers. This according to wrbl.com.

Beginning this summer scrap metal recycling businesses will have to upload electronically the entire details of a transaction to a statewide database. The Sheriff's Office will issue permits to legitimate businesses. The best part is that cash payments to metal sellers is no longer permitted and there is a three day waiting period for a voucher payment.

As the new law tightens restrictions on scrap metal recyclers to make sure there's no market for stolen goods, some recyclers are worried the new stipulations could hurt legitimate business.

These legit recyclers will have to shell out $20,000 to $50,000 on a new computer system to help law enforcement catch metal thieves.

Recyclers in Georgia are worried that making it too difficult for customers will send their business to a neighboring state like Alabama. That is why these regulations should be looked at nationally.

Georgia theft classes and stronger regulations on the companies accepting the metal are both good ideas in working toward reducing theft of scrap metal.

*** Update: According to Schnitzer Steel Industries, There are no reporting requirements at this time, as the system is not yet funded. ***