Russian Suspension Agreement Extension Act of 2020

To extend and expand limitations on the importation of uranium from the Russian Federation, and for other purposes. 1. Short title This Act may be cited as the Russian Suspension Agreement Extension Act of 2020 2. Extension and expansion of limitations on importation of uranium from Russian Federation (a) In general Section 3112A of the USEC Privatization Act ( 42 U.S.C. 2297h–10a (1) in subsection (a)— (A) by redesignating paragraph (7) as paragraph (8); and (B) by inserting after paragraph (6) the following: (7) Suspension Agreement The term Suspension Agreement ; (2) in subsection (b)— (A) by striking United States to support (1) to support ; (B) by striking the period at the end and inserting a semicolon; and (C) by adding at the end the following: (2) to reduce reliance on uranium imports in order to protect essential national security interests; (3) to revive and strengthen the supply chain for nuclear fuel produced and used in the United States; and (4) to expand production of nuclear fuel in the United States. ; and (3) in subsection (c)— (A) in paragraph (2)— (i) in subparagraph (A)— (I) in clause (vi), by striking ; and (II) in clause (vii), by striking the period at the end and inserting a semicolon; and (III) by adding at the end the following: (viii) in calendar year 2021, 596,682 kilograms; (ix) in calendar year 2022, 489,617 kilograms; (x) in calendar year 2023, 578,877 kilograms; (xi) in calendar year 2024, 476,536 kilograms; (xii) in calendar year 2025, 470,376 kilograms; (xiii) in calendar year 2026, 464,183 kilograms; (xiv) in calendar year 2027, 459,083 kilograms; (xv) in calendar year 2028, 344,312 kilograms; (xvi) in calendar year 2029, 340,114 kilograms; (xvii) in calendar year 2030, 332,141 kilograms; (xviii) in calendar year 2031, 328,862 kilograms; (xix) in calendar year 2032, 322,255 kilograms; (xx) in calendar year 2033, 317,536 kilograms; (xxi) in calendar year 2034, 298,088 kilograms; (xxii) in calendar year 2035, 294,511 kilograms; (xxiii) in calendar year 2036, 286,066 kilograms; (xxiv) in calendar year 2037, 281,272 kilograms; (xxv) in calendar year 2038, 277,124 kilograms; (xxvi) in calendar year 2039, 277,124 kilograms; and (xxvii) in calendar year 2040, 267,685 kilograms. ; (ii) by redesignating subparagraph (B) as subparagraph (C); and (iii) by inserting after subparagraph (A) the following: (B) Administration (i) In general The Secretary of Commerce shall administer the import limitations described in subparagraph (A) in accordance with the provisions of the Suspension Agreement, including— (I) the limitations on sales of enriched uranium product and separative work units plus conversion, in amounts determined in accordance with Section IV.B.1 of the Suspension Agreement (as amended by the draft amendment published in the Federal Register on September 16, 2020 (85 Fed. Reg. 57826)), and Appendix 5 of the Suspension Agreement; (II) the requirements for natural uranium returned feed associated with imports of low-enriched uranium, including pursuant to sales of enrichment, with or without conversion, from the Russian Federation, as set forth in such Section IV.B.1; and (III) any other provisions of the Suspension Agreement. (ii) Effect of termination of Suspension Agreement Clause (i) shall remain in effect if the Suspension Agreement is terminated. ; (B) in paragraph (3)— (i) in subparagraph (A), by striking the semicolon and inserting ; or (ii) in subparagraph (B), by striking ; or (iii) by striking subparagraph (C); (C) in paragraph (5)— (i) in subparagraph (A), by striking reference data 2019 lower scenario data in the report of the World Nuclear Association entitled The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2019–2040 (ii) by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively; (iii) by inserting after subparagraph (A) the following: (B) Report required Not later than one year after the date of the enactment of the Russian Suspension Agreement Extension Act of 2020 (i) a recommendation on the use of all publicly available data to ensure accurate forecasting by scenario data to comport to actual demand for low-enriched uranium for nuclear reactors in the United States; and (ii) an identification of the steps to be taken to adjust the import limitations described in paragraph (2)(A) based on the most accurate scenario data. ; and (iv) in subparagraph (D), as redesignated by clause (ii), by striking subparagraph (B) subparagraph (C) (D) in paragraph (9), by striking 2020 2040 (E) in paragraph (12)(B), by inserting or the Suspension Agreement the Russian HEU Agreement (F) by striking (2)(B) (2)(C) (b) Applicability The amendments made by subsection (a) apply with respect to uranium imported from the Russian Federation on or after January 1, 2021.

Summary: Russian Suspension Agreement Extension Act of 2020 This bill extends limits on the importation of Russian low-enriched uranium, a fuel for nuclear reactors, and contains other related provisions. (These limits stem from a 1992 agreement with Russia to end a Department of Commerce antidumping investigation into Russian uranium imports.) The bill extends these limits, which are currently set to expire in 2020, to 2040. The bill also specifies the maximum amounts of qualifying uranium that may be imported each year for 2021-2040. The Department of Commerce shall (1) administer these import limitations, and (2) periodically review U.S. demand for uranium for nuclear reactors and adjust the limits accordingly. Currently, qualifying uranium imported for the Department of Energy inventory do not count against these limits. The bill eliminates this exception but maintains two other exceptions for uranium imported for use in the initial core of a new reactor or for reprocessing and reexportation.