SB 465 makes a list of businesses allowed to possess converters & creates an automatic offense to assist prosecutors and law enforcement Senator Paul Bettencourt (R-Houston) filed Senate Bill 465 in response to the 5,300 percent jump in catalytic converter theft insurance claims in Texas since 2019. The spike is fueled by organized criminal rings who target catalytic converters for the precious metals inside them (palladium and rhodium) that are worth more per ounce than […]
