United States Enrichment Corporation Fund Termination and Transfer Act

Bill: 117-s-2733
Sponsor: full_name: Sen. Hassan, Margaret Wood [D-NH]
Introduced: 2021-09-14
Policy area: Energy
Subjects: Corporate finance and management

Government trust funds

Nuclear power
Latest action: action_date: 2022-03-01
text: Committee on Energy and Natural Resources. Hearings held.

Summaries:
action_date: 2021-09-14
action_desc: Introduced in Senate
text: <p><b>United States Enrichment Corporation Fund Termination and Transfer Act</b></p> <p>This bill terminates the U.S. Enrichment Corporation (USEC) Fund and rescinds all amounts currently in the fund. The fund was established to assist the USEC, a government corporation, with providing uranium enrichment services for the federal government and utilities that operate nuclear power plants. USEC was privatized in 1998, thus eliminating the need for the fund.</p>

tv_txt: II 117th CONGRESS 1st Session S. 2733 IN THE SENATE OF THE UNITED STATES September 14, 2021 Ms. Hassan (for herself and Ms. Ernst ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To terminate the United States Enrichment Corporation Fund and transfer remaining amounts to the Treasury.

1. Short title This Act may be cited as the United States Enrichment Corporation Fund Termination and Transfer Act . 2. Termination of United States Enrichment Corporation Fund (a) Definition of Fund In this section, the term Fund means the United States Enrichment Corporation Fund established by section 1308 of the Atomic Energy Act of 1954 (68 Stat. 921, chapter 1073; 106 Stat. 2929) (repealed by section 3116(a)(1) of the Omnibus Consolidated Rescissions and Appropriations Act of 1996 ( Public Law 104–134 ; 110 Stat. 1321–349)). (b) Rescission of amounts All amounts in the Fund as of the date of enactment of this Act are rescinded. (c) Transfer of amounts The Secretary of the Treasury shall transfer all amounts in the Fund to the general fund of the Treasury. (d) Termination of fund The Fund shall terminate on completion of the transfer under subsection (c). (e) Deposit of amounts Beginning on the date of enactment of this Act, any amounts required to be deposited in the Fund under any other law shall be deposited in the general fund of the Treasury.