Nuclear Prosperity and Security Act

Bill: 116-hr-7814
Sponsor: full_name: Rep. Latta, Robert E. [R-OH-5]
Introduced: 2020-07-29
Policy area: Energy
Subjects: Asia

Budget process

China

Energy storage, supplies, demand

Europe

Government information and archives

Metals

Mining

Nuclear power

Russia

Strategic materials and reserves
Latest action: action_date: 2020-07-29
text: Referred to the House Committee on Energy and Commerce.

Summaries:
action_date: 2020-07-29
action_desc: Introduced in House
text: <p><b>Nuclear Prosperity and Security Act </b></p> <p>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.</p> <p>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.</p> <p>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.</p> <p>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.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7814 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.

1. Short title This Act may be cited as the Nuclear Prosperity and Security Act . 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.