pendent upon or will construct nuclear power reactors 
that they will have an assured supply of nuclear fuel 
at current market prices, so long as such countries 
forgo national uranium enrichment and spent-fuel re-
processing facilities and are committed to the non-
proliferation of nuclear weapons. 
SEC. 102. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) the ‘‘Concept for a Multilateral Mechanism 
for Reliable Access to Nuclear Fuel’’, proposed by the 
United States, France, the Russian Federation, Ger-
many, the United Kingdom, and the Netherlands on 
May 31, 2006, is welcomed and should be expanded 
upon at the earliest possible opportunity; 
(2) the proposal by the Government of the Rus-
sian Federation to bring one of its uranium enrich-
ment facilities under international management and 
oversight is also a welcome development and should be 
encouraged by the United States; 
(3) the offer by the Nuclear Threat Institute 
(NTI) of $50,000,000 in funds to support the creation 
of an international nuclear fuel bank by the Inter-
national Atomic Energy Agency (IAEA) is also wel-
comed, and the United States and other member 
states of the IAEA should pledge collectively at least 
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an additional $100,000,000 in matching funds to ful-
fill the NTI proposal; and 
(4) the governments, organizations, and experts 
currently engaged in developing the initiatives de-
scribed in paragraphs (1) through (3) and other ini-
tiatives should seek to identify additional incentives 
to be included in an international regime for the as-
sured supply of nuclear fuel for peaceful means at 
current market prices, including participation in 
non-weapons-relevant technology development and 
fuel leasing to further persuade countries that partici-
pation in such a multilateral arrangement far out-
weighs the temptation and expense of developing na-
tional uranium enrichment and plutonium reprocess-
ing facilities. 
SEC. 103. STATEMENTS OF POLICY. 
(a) GENERAL STATEMENT OF POLICY.—It is the policy 
of the United States to support the establishment of an 
international regime for the assured supply of nuclear fuel 
for peaceful means under multilateral authority, such as 
the International Atomic Energy Agency. 
(b) ADDITIONAL STATEMENT OF POLICY.—It is further 
the policy of the United States to— 
(1) oppose the development of a capability to 
produce nuclear weapons by any non-nuclear weapon 
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state, within or outside of the Treaty on the Non-Pro-
liferation of Nuclear Weapons (21 UST 483; com-
monly referred to as the ‘‘Nuclear Non-Proliferation 
Treaty’’ or the ‘‘NPT’’); 
(2) encourage states party to the NPT to inter-
pret the right to ‘‘develop research, production and 
use of nuclear energy for peaceful purposes,’’ as de-
scribed in Article IV of the NPT, as being a qualified 
right that is conditioned by the overall purpose of the 
NPT to prevent the spread of nuclear weapons and 
nuclear weapons capability, including by refraining 
from all nuclear cooperation with any state party 
that has not demonstrated that it is in full compli-
ance with its NPT obligations, as determined by the 
International Atomic Energy Agency; and 
(3) strengthen the Nuclear Suppliers Group 
guidelines concerning consultation by members re-
garding violations of supplier and recipient under-
standings by instituting the practice of a timely and 
coordinated response by Nuclear Suppliers Group 
members to all such violations, including termination 
of nuclear transfers to an involved recipient, that dis-
courages individual Nuclear Suppliers Group mem-
bers from continuing cooperation with such recipient 
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until such time as a consensus regarding a coordi-
nated response has been achieved. 
SEC. 104. REPORT. 
Not later than 180 days after the date of the enactment 
of this Act, the President shall transmit to the Committee 
on Foreign Affairs of the House of Representatives and the 
Committee on Foreign Relations of the Senate a report on 
the activities of the United States to support the establish-
ment of an international regime for the assured supply of 
nuclear fuel for peaceful means at current market prices 
under multilateral authority, such as the International 
Atomic Energy Agency. The report shall include an assess-
ment of the feasibility of establishing an international fuel 
services center within the United States. 
TITLE II—INTERNATIONAL 
NUCLEAR FUEL BANK 
SEC. 201. VOLUNTARY CONTRIBUTIONS TO THE INTER-
NATIONAL ATOMIC ENERGY AGENCY. 
(a) VOLUNTARY CONTRIBUTIONS AUTHORIZED.—The 
President is authorized to make voluntary contributions on 
a grant basis to the International Atomic Energy Agency 
(hereinafter in this section referred to as the ‘‘IAEA’’) for 
the purpose of supporting the establishment of an inter-
national nuclear fuel bank to maintain a reserve of low- 
enriched uranium for reactor fuel to provide to eligible 
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countries in the case of a disruption in the supply of reactor 
fuel by normal market mechanisms. 
(b) REQUIREMENTS.—Voluntary contributions under 
subsection (a) may be provided only if the President cer-
tifies to the Committee on Foreign Affairs of the House of 
Representatives and the Committee on Foreign Relations of 
the Senate that— 
(1) the IAEA has received pledges in a total 
amount of not less than $100,000,000 and is in re-
ceipt of not less than $75,000,000 of such pledges for 
the purpose of supporting the establishment of the 
international nuclear fuel bank referred to in sub-
section (a); 
(2) the international nuclear fuel bank referred 
to in subsection (a) will be established within the ter-
ritory of a non-nuclear weapon state, and will be 
under the oversight of the IAEA, only if— 
(A) the non-nuclear weapon state, among 
other things— 
(i) has a full scope safeguards agree-
ment with the IAEA and an additional pro-
tocol for safeguards in force; 
(ii) has never been determined by the 
IAEA Board of Governors to be in non-
compliance with its IAEA full scope safe-
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