TITLE: Relating to the regulation of certain transactions involving tubular steel used in the oil and gas industry.

SUMMARY: Relating to the regulation of certain transactions involving tubular steel used in the oil and gas industry.

FULL TEXT:
AN ACT relating to the regulation of certain transactions involving tubular steel used in the oil and gas industry. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 1956.001(10), Occupations Code, is amended to read as follows: (10) "Regulated metal" means: (A) manhole covers; (B) guardrails; (C) metal cylinders designed to contain compressed air, oxygen, gases, or liquids; (D) malt beverage kegs made from metal other than aluminum; (E) historical markers or cemetery vases, receptacles, or memorials made from metal other than aluminum; (F) unused rebar; (G) street signs; (H) drain gates; (I) safes; (J) communication, transmission, and service wire or cable; (K) condensing or evaporator coils for central heating or air conditioning units; (L) utility structures, including the fixtures and hardware; (M) aluminum or stainless steel containers designed to hold propane for fueling forklifts; (N) metal railroad equipment, including tie plates, signal houses, control boxes, signs, signals, traffic devices, traffic control devices, traffic control signals, switch plates, e-clips, and rail tie functions; (O) catalytic converters not attached to a vehicle; (P) fire hydrants; (Q) metal bleachers or other seating facilities used in recreational areas or sporting arenas; (R) any metal item clearly and conspicuously marked with any form of the name, initials, or logo of a governmental entity, utility, cemetery, or railroad; (S) insulated utility, communications, or electrical wire that has been burned in whole or in part to remove the insulation; (T) backflow valves; (U) metal in the form of commonly recognized products of the industrial metals recycling process, including bales, briquettes, billets, sows, ingots, pucks, and chopped or shredded metals; [and] (V) commercial grade lead batteries or lead-acid batteries;and (W) tubular steel used in the oil and gas industry.SECTION 2. Subchapter A, Chapter 1956, Occupations Code, is amended by adding Section 1956.0021 to read as follows: Sec. 1956.0021. APPLICATION TO CERTAIN TUBULAR STEEL TRANSACTIONS. The recordkeeping and reporting requirements of this chapter apply to a purchase of tubular steel products that have been used in the oil and gas industry by a person engaged in the business of purchasing and reselling those products to the same extent as a purchase of regulated material by a metal recycling entity. SECTION 3. This Act takes effect September 1, 2023.