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      Send us your news about the scrap industry or  news about you and/or your activities in the scrap industry. 
 
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NEWS
 
    Senator Jim Jeffords (I-Vt) has introduced " The Recycling Investment Saves Energy Act" of 2006. The law will permit a 50% depreciation deduction for the purchase of machinery used in recycling.
    The law (if passed) would allow recycling facilities to be eligible for tax-exempt bond financing. For more details see the Congressional Record.
 
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    The Defense Reutilization and Marketing Service ( DRMS) a division of the Defense Logistics Agency - DLA (itself a division of the DOD - Department of Defense) offers and sells current and future generations of military SCRAP PROPERTY on a "proceeds sharing" basis. This effects All DOD - Department of Defense properties.
   Material includes ferrous, non-ferrous, and non-metallic material.
   Under the U.S. government program Contractors can receive "exclusive rights" to the scrap property. Excluded scrap property includes hazardous materials, material bearing precious metals, certain other material, and electronic scrap (although electronic scrap may be offered to Contractors on a case-by-case basis).
    Contractors can submit a "technical proposal" and place a BID DEPOSIT under the U.S. government DOD scrap program. All most ALL DOD - Department of Defense properties are subject to the special DRMS program, including, all U.S. militery bases, worldwide.
    The special government scrap program, that is a multi-year sale of scrap, requires Contractors to develop a BUSINESS PLAN and allows for the use of marketing consultants and advisors. The DRMS has guidelines that govern the development of the BUSINESS PLAN.
    Tens of billions of dollars worth of military scrap is recycled through the DRMS program.
    The U.S. Treasury collects all proceeds and moneys from the DRMS program.
   
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