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The proposed law has been the center of controversy among business owners. It would have required pawn shops to create an electronic registry of all the items a store receives as a means of recovering stolen goods that may be pawned. Shop owners would also have to report a seller's name, and would hold goods for a set length of time.

McCoy commended the legislators for bringing the issue to the forefront of public discussion, but said, "While the intention of Local Law G of 2012 is good, it would place an undue burden on businesses, causing a hardship to them and creating issues for law enforcement in collecting this information."