Nuclear Prosperity and Security Act
Bill: H.R.1351 | Sponsor: Rep. Latta, Robert E. (R-OH)
Policy area: Energy

Summary:
Nuclear Prosperity and Security Act
This bill directs the Department of Energy 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 Russia or the People's Republic of China or is incorporated in either country must be excluded from the reserve.

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.
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