‘‘(2) ADDITIONAL
BARTERS, TRANSFERS, OR 
SALES.—To be eligible to obtain uranium under sub-
section (e), an eligible entity shall possess a license 
from the Commission. 
‘‘(d) BARTERS, TRANSFERS, OR SALES FOR INITIAL 
CORES.—The Secretary shall offer to barter, transfer, or 
sell to eligible entities, on a first-come, first-served basis 
and at fair market value, 20,000,000 pounds of uranium 
for initial cores for projects to build new reactors. 
‘‘(e) 
ADDITIONAL
BARTERS, 
TRANSFERS, 
OR 
SALES.—In addition to initial core barters, transfers, or 
sales under subsection (d), the Secretary may barter, 
transfer, or sell to eligible entities, on a first-come, first- 
served basis and at fair market value, uranium in accord-
ance with the following schedule: 
‘‘Year 
Million 
pounds 
Uranium 
2010 ................................................................................................
3.0 
2011 ................................................................................................
3.3 
2012 ................................................................................................
3.8 
2013 and each subsequent year ......................................................
5.0 
‘‘(f) TRANSPARENCY
AND
COMPETITIVE
PROCE-
DURES.—In making barters, transfers, or sales of ura-
nium to eligible entities under this section, the Secretary 
shall ensure, to the maximum extent practicable, that— 
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‘‘(1) the United States receives the fair market 
value for any uranium bartered, transferred, or sold 
to the entities; and 
‘‘(2) any barter, transfer, or sale under this sec-
tion is conducted in a transparent and competitive 
manner. 
‘‘(g) SALE OF BARTERED OR TRANSFERRED URA-
NIUM.—If the Secretary barters or transfers uranium 
under this section, any uranium sold by the recipient shall 
be— 
‘‘(1) sold at fair market value; and 
‘‘(2) considered part of the annual sales quan-
tity of the Department for the year bartered or 
transferred. 
‘‘(h) DISSEMINATION
REQUIREMENT.—Not later 
than 14 days before the date on which the Secretary bar-
ters, transfers, or sells to an eligible entity any uranium 
under this section, the Secretary shall publish in the Fed-
eral Register, with respect to the barter, transfer, or sale, 
the determination required by the Secretary under section 
3112(e)(2) of the USEC Privatization Act (42 U.S.C. 
2297h–10(e)(2)). 
‘‘(i) OTHER PROGRAMS.— 
‘‘(1) COMPLIANCE.—In carrying out this sec-
tion, the Secretary shall comply with— 
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‘‘(A) the National Environmental Policy 
Act of 1969 (42 U.S.C. 4321 et seq.); 
‘‘(B) section 3112 of the USEC Privatiza-
tion Act (42 U.S.C. 2297h–10); and 
‘‘(C) other applicable provisions of law (in-
cluding regulations). 
‘‘(2) USE OF PROCEEDS.—No funds or other 
value obtained from the barter, transfer, or sale of 
uranium under this section may be used to carry out 
other programs of the Department without a specific 
appropriation by Congress. 
‘‘(j) SCHEDULE.—The Secretary shall ensure that 
long-term contracts cover not less than 50 percent of the 
quantity of uranium bartered, transferred, or sold under 
this section during each calendar year. 
‘‘(k) DEPARTMENT NEEDS.—Notwithstanding any 
other provision of this section, the Secretary shall main-
tain a sufficient inventory of uranium to meet the current 
and foreseeable needs of the missions and programs of the 
Department, including missions and programs of— 
‘‘(1) the National Nuclear Security Agency; 
‘‘(2) the Office of Nuclear Energy, Science, and 
Technology Programs; 
‘‘(3) the Office of the Assistant Secretary for 
Environmental Management; and 
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‘‘(4) other agencies of the Department, as de-
termined by the Secretary. 
‘‘(l) RESERVE INVENTORY.— 
‘‘(1) IN GENERAL.—The Secretary shall main-
tain a reserve inventory of uranium that contains 
not less than 20,000,000 pounds of uranium. 
‘‘(2) NATIONAL
ENERGY
EMERGENCY.—The 
Secretary shall release uranium from the reserve in-
ventory only in the case of a national energy emer-
gency declared by the President.’’. 
(b) TECHNICAL AMENDMENT.—Section 11 f. of the 
Atomic Energy Act of 1954 (42 U.S.C. 2014(f)) is amend-
ed by striking ‘‘Atomic Energy Commission’’ and inserting 
‘‘Nuclear Regulatory Commission’’. 
Æ 
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