Nuclear Prosperity and Security Act
This bill directs the Department of Energy (DOE) to establish and operate a uranium reserve to ensure the availability of uranium mined in the United States in the event of a market disruption and support strategic fuel cycle capabilities in the United States.
Uranium that is mined in the United States by an entity that is owned or controlled by the Russian Federation or the People's Republic of China or is incorporated in either country must be excluded from the reserve.
DOE must publish a request for information to evaluate (1) how to operate and manage the reserve, (2) how to acquire uranium for the reserve, and (3) the quantity and form of uranium to acquire for the reserve.
DOE must also include in its budget materials (1) a request for amounts for the acquisition, transportation, or storage of uranium in the reserve; or (2) an explanation for why such amounts are not requested.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7814 Introduced in House (IH)]
<DOC>
116th CONGRESS
2d Session
H. R. 7814
To establish a strategic uranium reserve.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 29, 2020
Mr. Latta (for himself and Ms. Cheney) introduced the following bill;
which was referred to the Committee on Energy and Commerce
_______________________________________________________________________
A BILL
To establish a strategic uranium reserve.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Nuclear Prosperity and Security
Act''.
SEC. 2. STRATEGIC URANIUM RESERVE.
(a) Establishment.--
(1) In general.--Not later than 60 days after the date of
enactment of this section and subject to the availability of
appropriations, the Secretary of Energy shall establish and
operate a uranium reserve (in this section referred to as the
``Reserve'') in accordance with this section.
(2) Other authority.--In establishing and operating the
Reserve, the Secretary of Energy shall use the authority
granted to the Secretary of Energy under sections 53, 63, and
161 g. of the Atomic Energy Act of 1954 (42 U.S.C. 2073, 2093,
and 2201(g)).
(b) Purposes.--The purposes of the Reserve are--
(1) to ensure the availability of uranium mined in the
United States in the event of a market disruption; and
(2) to support strategic fuel cycle capabilities in the
United States.
(c) Exclusion.--The Secretary shall exclude uranium that is mined
in the United States by an entity that is owned or controlled by the
Government of the Russian Federation or the People's Republic of China
or is incorporated in the Russian Federation or the People's Republic
of China from the reserve.
(d) Request for Information.--Not later than 90 days after the date
of enactment of this section, the Secretary of Energy shall publish a
request for information that shall be used by the Secretary of Energy
to evaluate--
(1) how to operate and manage the Reserve;
(2) how to acquire uranium for the Reserve, including the
method of transportation and storage; and
(3) the quantity and form of uranium to acquire for the
Reserve.
(e) Budget Request.--For each fiscal year beginning after the date
of enactment of this section, the Secretary of Energy shall include in
the budget materials submitted in support of the budget of the
President (submitted to Congress pursuant to section 1105 of title 31,
United States Code)--
(1) a request for amounts for the acquisition,
transportation, or storage of uranium in the Reserve; or
(2) if such request is not included, an explanation for why
such amounts are not requested.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
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