I 118THCONGRESS 1 STSESSION H. R. 5718 To require the Secretary of Energy to establish a Nuclear Fuel Security Program, expand the American Assured Fuel Supply Program, and for other purposes. IN THE HOUSE OF REPRESENTATIVES SEPTEMBER26, 2023 Mr. L ATTA(for himself, Mr. CLYBURN, Mr. BALDERSON, and Ms. KUSTER) introduced the following bill; which was referred to the Committee on En- ergy and Commerce, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To require the Secretary of Energy to establish a Nuclear Fuel Security Program, expand the American Assured Fuel Supply Program, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Nuclear Fuel Security 4 Act of 2023’’. 5 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •HR 5718 IH SEC. 2. U.S. NUCLEAR FUEL SECURITY INITIATIVE. 1 (a) S ENSE OFCONGRESS.—It is the sense of Con-2 gress that— 3 (1) the Department should— 4 (A) support increased domestic production 5 of low-enriched uranium; and 6 (B) accelerate efforts to establish a domes-7 tic high-assay, low-enriched uranium enrich-8 ment capability; and 9 (2) if domestic enrichment of high-assay, low- 10 enriched uranium will not be commercially available 11 at the scale needed in time to meet the needs of the 12 advanced nuclear reactor demonstration projects of 13 the Department, the Secretary shall consider and 14 implement, as necessary— 15 (A) all viable options to make high-assay, 16 low-enriched uranium produced from inven-17 tories owned by the Department available in a 18 manner that is sufficient to maximize the po-19 tential for the Department to meet the needs 20 and schedules of advanced nuclear reactor de-21 velopers, without impacting existing Depart-22 ment missions, until such time that commercial 23 enrichment and deconversion capability for 24 high-assay, low-enriched uranium exists at a 25 scale sufficient to meet future needs; and 26 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 •HR 5718 IH (B) all viable options for partnering with 1 countries that are allies or partners of the 2 United States to meet those needs and sched-3 ules until that time. 4 (b) O BJECTIVES.—The objectives of this section 5 are— 6 (1) to support domestic production of low-en-7 riched uranium; 8 (2) to expeditiously increase domestic produc-9 tion of high-assay, low-enriched uranium by an an-10 nual quantity, and in such form, determined by the 11 Secretary to be sufficient to meet the needs of— 12 (A) advanced nuclear reactor developers; 13 and 14 (B) the consortium; 15 (3) to ensure the availability of domestically 16 produced, converted, enriched, deconverted, and re-17 duced uranium in a quantity determined by the Sec-18 retary, in consultation with U.S. nuclear energy 19 companies, to be sufficient to address a reasonably 20 anticipated supply disruption; 21 (4) to address gaps and deficiencies in the do-22 mestic production, conversion, enrichment, 23 deconversion, and reduction of uranium by 24 partnering with countries that are allies or partners 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 4 •HR 5718 IH of the United States if domestic options are not 1 practicable; 2 (5) to ensure that, in the event of a supply dis-3 ruption in the nuclear fuel market, a reserve of nu-4 clear fuels is available to serve as a backup supply 5 to support the nuclear nonproliferation and civil nu-6 clear energy objectives of the Department; 7 (6) to support enrichment, deconversion, and 8 reduction technology deployed in the United States; 9 and 10 (7) to ensure that, until such time that domes-11 tic enrichment and deconversion of high-assay, low- 12 enriched uranium is commercially available at the 13 scale needed to meet the needs of advanced nuclear 14 reactor developers, the Secretary considers and im-15 plements, as necessary— 16 (A) all viable options to make high-assay, 17 low-enriched uranium produced from inven-18 tories owned by the Department available in a 19 manner that is sufficient to maximize the po-20 tential for the Department to meet the needs 21 and schedules of advanced nuclear reactor de-22 velopers; and 23 (B) all viable options for partnering with 24 countries that are allies or partners of the 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 5 •HR 5718 IH United States to meet those needs and sched-1 ules. 2 (c) D EFINITIONS.—In this section: 3 (1) A DVANCED NUCLEAR REACTOR .—The term 4 ‘‘advanced nuclear reactor’’ has the meaning given 5 the term in section 951(b) of the Energy Policy Act 6 of 2005 (42 U.S.C. 16271(b)). 7 (2) A SSOCIATED ENTITY.—The term ‘‘associ-8 ated entity’’ means an entity that— 9 (A) is owned, controlled, or dominated 10 by— 11 (i) the government of a country that 12 is an ally or partner of the United States; 13 or 14 (ii) an associated individual; or 15 (B) is organized under the laws of, or oth-16 erwise subject to the jurisdiction of, a country 17 that is an ally or partner of the United States, 18 including a corporation that is incorporated in 19 such a country. 20 (3) A SSOCIATED INDIVIDUAL.—The term ‘‘asso-21 ciated individual’’ means an alien who is a national 22 of a country that is an ally or partner of the United 23 States. 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 6 •HR 5718 IH (4) CONSORTIUM.—The term ‘‘consortium’’ 1 means the consortium established under section 2 2001(a)(2)(F) of the Energy Act of 2020 (42 U.S.C. 3 16281(a)(2)(F)). 4 (5) D EPARTMENT.—The term ‘‘Department’’ 5 means the Department of Energy. 6 (6) H IGH-ASSAY, LOW-ENRICHED URANIUM ; 7 HALEU.—The term ‘‘high-assay, low-enriched ura-8 nium’’ or ‘‘HALEU’’ means high-assay low-enriched 9 uranium (as defined in section 2001(d) of the En-10 ergy Act of 2020 (42 U.S.C. 16281(d))). 11 (7) L OW-ENRICHED URANIUM ; LEU.—The term 12 ‘‘low-enriched uranium’’ or ‘‘LEU’’ means each of— 13 (A) low-enriched uranium (as defined in 14 section 3102 of the USEC Privatization Act 15 (42 U.S.C. 2297h)); and 16 (B) low-enriched uranium (as defined in 17 section 3112A(a) of that Act (42 U.S.C. 18 2297h–10a(a))). 19 (8) P ROGRAMS.—The term ‘‘Programs’’ 20 means— 21 (A) the Nuclear Fuel Security Program es-22 tablished under subsection (d)(1); 23 (B) the American Assured Fuel Supply 24 Program of the Department; and 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 7 •HR 5718 IH (C) the HALEU for Advanced Nuclear Re-1 actor Demonstration Projects Program estab-2 lished under subsection (d)(3). 3 (9) S ECRETARY.—The term ‘‘Secretary’’ means 4 the Secretary of Energy. 5 (10) U.S. NUCLEAR ENERGY COMPANY .—The 6 term ‘‘U.S. nuclear energy company’’ means a com-7 pany that— 8 (A) is organized under the laws of, or oth-9 erwise subject to the jurisdiction of, the United 10 States; and 11 (B) is involved in the nuclear energy indus-12 try. 13 (d) E STABLISHMENT AND EXPANSION OF PRO-14 GRAMS.—The Secretary, consistent with the objectives de-15 scribed in subsection (b), shall— 16 (1) establish a program, to be known as the 17 ‘‘Nuclear Fuel Security Program’’, to increase the 18 quantity of HALEU and, if determined to be nec-19 essary after completion of a market evaluation, LEU 20 produced by U.S. nuclear energy companies; 21 (2) expand the American Assured Fuel Supply 22 Program of the Department to ensure the avail-23 ability of domestically produced, converted, enriched, 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 8 •HR 5718 IH deconverted, and reduced uranium in the event of a 1 supply disruption; and 2 (3) establish a program, to be known as the 3 ‘‘HALEU for Advanced Nuclear Reactor Dem-4 onstration Projects Program’’— 5 (A) to maximize the potential for the De-6 partment to meet the needs and schedules of 7 advanced nuclear reactor developers until such 8 time that commercial enrichment and 9 deconversion capability for HALEU exists in 10 the United States at a scale sufficient to meet 11 future needs; and 12 (B) where practicable, to partner with 13 countries that are allies or partners of the 14 United States to meet those needs and sched-15 ules until that time. 16 (e) N UCLEARFUELSECURITYPROGRAM.— 17 (1) I N GENERAL.—In carrying out the Nuclear 18 Fuel Security Program, the Secretary— 19 (A) shall— 20 (i) if determined to be necessary or 21 appropriate based on the completion of a 22 market evaluation, not later than 90 days 23 after the date of enactment of this Act, 24 take actions, including cost-shared finan-25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 9 •HR 5718 IH cial agreements, milestone-based payments, 1 or other mechanisms, to support commer-2 cial availability of LEU and to promote di-3 versity of supply in domestic uranium min-4 ing, conversion, enrichment, and 5 deconversion capacity and technologies, in-6 cluding new capacity, among U.S. nuclear 7 energy companies; 8 (ii) not later than 180 days after the 9 date of enactment of this Act, enter into 2 10 or more contracts with members of the 11 consortium to begin acquiring not less than 12 20 metric tons per year of HALEU by De-13 cember 31, 2027 (or the earliest operation-14 ally feasible date thereafter), from U.S. 15 nuclear energy companies; 16 (iii) utilize only uranium produced, 17 converted, enriched, deconverted, and re-18 duced in— 19 (I) the United States; or 20 (II) if domestic options are not 21 practicable, a country that is an ally 22 or partner of the United States; and 23 (iv) to the maximum extent prac-24 ticable, ensure that the use of domestic 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 10 •HR 5718 IH uranium utilized as a result of that pro-1 gram does not negatively affect the eco-2 nomic operation of nuclear reactors in the 3 United States; and 4 (B)(i) may not make commitments under 5 this subsection (including cooperative agree-6 ments (used in accordance with section 6305 of 7 title 31, United States Code), purchase agree-8 ments, guarantees, leases, service contracts, or 9 any other type of commitment) for the purchase 10 or other acquisition of HALEU or LEU un-11 less— 12 (I) funds are specifically provided for 13 those purposes in advance in appropria-14 tions Acts enacted after the date of enact-15 ment of this Act; or 16 (II) the commitment is funded en-17 tirely by funds made available to the Sec-18 retary from the account described in sub-19 section (i)(2)(B); and 20 (ii) may make a commitment described in 21 clause (i) only— 22 (I) if the full extent of the anticipated 23 costs stemming from the commitment is 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 11 •HR 5718 IH recorded as an obligation at the time that 1 the commitment is made; and 2 (II) to the extent of that up-front ob-3 ligation recorded in full at that time. 4 (2) C ONSIDERATIONS.—In carrying out para-5 graph (1)(A)(ii), the Secretary shall consider and, if 6 appropriate, implement— 7 (A) options to ensure the quickest avail-8 ability of commercially enriched HALEU, in-9 cluding— 10 (i) partnerships between 2 or more 11 commercial enrichers; and 12 (ii) utilization of up to 10-percent en-13 riched uranium as feedstock in demonstra-14 tion-scale or commercial HALEU enrich-15 ment facilities; 16 (B) options to partner with countries that 17 are allies or partners of the United States to 18 provide LEU and HALEU for commercial pur-19 poses; 20 (C) options that provide for an array of 21 HALEU— 22 (i) enrichment levels; 23 (ii) output levels to meet demand; and 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 12 •HR 5718 IH (iii) fuel forms, including uranium 1 metal and oxide; and 2 (D) options— 3 (i) to replenish, as necessary, Depart-4 ment stockpiles of uranium that were in-5 tended to be downblended for other pur-6 poses, but were instead used in carrying 7 out activities under the HALEU for Ad-8 vanced Nuclear Reactor Demonstration 9 Projects Program; 10 (ii) to continue supplying HALEU to 11 meet the needs of the recipients of an 12 award made pursuant to the funding op-13 portunity announcement of the Depart-14 ment numbered DE–FOA–0002271 for 15 Pathway 1, Advanced Reactor Demonstra-16 tions; and 17 (iii) to make HALEU available to 18 other advanced nuclear reactor developers 19 and other end-users. 20 (3) A VOIDANCE OF MARKET DISRUPTIONS .—In 21 carrying out the Nuclear Fuel Security Program, the 22 Secretary, to the extent practicable and consistent 23 with the purposes of that program, shall not disrupt 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 13 •HR 5718 IH or replace market mechanisms by competing with 1 U.S. nuclear energy companies. 2 (f) E XPANSION OF THE AMERICANASSUREDFUEL 3 S UPPLYPROGRAM.—The Secretary, in consultation with 4 U.S. nuclear energy companies, shall— 5 (1) expand the American Assured Fuel Supply 6 Program of the Department by merging the oper-7 ations of the Uranium Reserve Program of the De-8 partment with the American Assured Fuel Supply 9 Program; and 10 (2) in carrying out the American Assured Fuel 11 Supply Program of the Department, as expanded 12 under paragraph (1)— 13 (A) maintain, replenish, diversify, or in-14 crease the quantity of uranium made available 15 by that program in a manner determined by the 16 Secretary to be consistent with the purposes of 17 that program and the objectives described in 18 subsection (b); 19 (B) utilize only uranium produced, con-20 verted, enriched, deconverted, and reduced in— 21 (i) the United States; or 22 (ii) if domestic options are not prac-23 ticable, a country that is an ally or partner 24 of the United States; 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 14 •HR 5718 IH (C) make uranium available from the 1 American Assured Fuel Supply, subject to 2 terms and conditions determined by the Sec-3 retary to be reasonable and appropriate; 4 (D) refill and expand the supply of ura-5 nium in the American Assured Fuel Supply, in-6 cluding by maintaining a limited reserve of ura-7 nium to address a potential event in which a 8 domestic or foreign recipient of uranium experi-9 ences a supply disruption for which uranium 10 cannot be obtained through normal market 11 mechanisms or under normal market conditions; 12 and 13 (E) take other actions that the Secretary 14 determines to be necessary or appropriate to 15 address the purposes of that program and the 16 objectives described in subsection (b). 17 (g) HALEU FORADVANCEDNUCLEARREACTOR 18 D EMONSTRATIONPROJECTSPROGRAM.— 19 (1) A CTIVITIES.—On enactment of this Act, the 20 Secretary shall immediately accelerate and, as nec-21 essary, initiate activities to make available from in-22 ventories or stockpiles owned by the Department and 23 made available to the consortium, HALEU for use 24 in advanced nuclear reactors that cannot operate on 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 15 •HR 5718 IH uranium with lower enrichment levels or on alternate 1 fuels, with priority given to the awards made pursu-2 ant to the funding opportunity announcement of the 3 Department numbered DE–FOA–0002271 for Path-4 way 1, Advanced Reactor Demonstrations, with ad-5 ditional HALEU to be made available to other ad-6 vanced nuclear reactor developers, as the Secretary 7 determines to be appropriate. 8 (2) Q UANTITY.—In carrying out activities 9 under this subsection, the Secretary shall consider 10 and implement, as necessary, all viable options to 11 make HALEU available in quantities and forms suf-12 ficient to maximize the potential for the Department 13 to meet the needs and schedules of advanced nuclear 14 reactor developers, including by seeking to make 15 available— 16 (A) by September 30, 2024, not less than 17 3 metric tons of HALEU; 18 (B) by December 31, 2025, not less than 19 an additional 8 metric tons of HALEU; and 20 (C) by June 30, 2026, not less than an ad-21 ditional 10 metric tons of HALEU. 22 (3) F ACTORS FOR CONSIDERATION .—In car-23 rying out activities under this subsection, the Sec-24 retary shall take into consideration— 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00015 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 16 •HR 5718 IH (A) options for providing HALEU from a 1 stockpile of uranium owned by the Department, 2 including— 3 (i) uranium that has been declared ex-4 cess to national security needs during or 5 prior to fiscal year 2023; 6 (ii) uranium that— 7 (I) directly meets the needs of 8 advanced nuclear reactor developers; 9 but 10 (II) has been previously used or 11 fabricated for another purpose; 12 (iii) uranium that can meet the needs 13 of advanced nuclear reactor developers 14 after removing radioactive or other con-15 taminants that resulted from previous use 16 or fabrication of the fuel for research, de-17 velopment, demonstration, or deployment 18 activities of the Department, including ac-19 tivities that reduce the environmental li-20 ability of the Department by accelerating 21 the processing of uranium from stockpiles 22 designated as waste; 23 (iv) uranium from a high-enriched 24 uranium stockpile, which can be blended 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00016 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 17 •HR 5718 IH with lower assay uranium to become 1 HALEU to meet the needs of advanced 2 nuclear reactor developers; and 3 (v) uranium from stockpiles intended 4 for other purposes (excluding stockpiles in-5 tended for national security needs), but for 6 which uranium could be swapped or re-7 placed in time in such a manner that 8 would not negatively impact the missions 9 of the Department; 10 (B) options for expanding, or establishing 11 new, capabilities or infrastructure to support 12 the processing of uranium from Department in-13 ventories; 14 (C) options for accelerating the availability 15 of HALEU from HALEU enrichment dem-16 onstration projects of the Department; 17 (D) options for providing HALEU from 18 domestically enriched HALEU procured by the 19 Department through a competitive process pur-20 suant to the Nuclear Fuel Security Program es-21 tablished under subsection (d)(1); 22 (E) options to replenish, as needed, De-23 partment stockpiles of uranium made available 24 pursuant to subparagraph (A) with domestically 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 18 •HR 5718 IH enriched HALEU procured by the Department 1 through a competitive process pursuant to the 2 Nuclear Fuel Security Program established 3 under subsection (d)(1); and 4 (F) options that combine 1 or more of the 5 approaches described in subparagraphs (A) 6 through (E) to meet the deadlines described in 7 paragraph (2). 8 (4) L IMITATIONS.— 9 (A) C ERTAIN SERVICES.—The Secretary 10 shall not barter or otherwise sell or transfer 11 uranium in any form in exchange for services 12 relating to— 13 (i) the final disposition of radioactive 14 waste from uranium that is the subject of 15 a contract for sale, resale, transfer, or 16 lease under this subsection; or 17 (ii) environmental cleanup activities. 18 (B) C ERTAIN COMMITMENTS .—In carrying 19 out activities under this subsection, the Sec-20 retary— 21 (i) may not make commitments under 22 this subsection (including cooperative 23 agreements (used in accordance with sec-24 tion 6305 of title 31, United States Code), 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 19 •HR 5718 IH purchase agreements, guarantees, leases, 1 service contracts, or any other type of com-2 mitment) for the purchase or other acquisi-3 tion of HALEU or LEU unless— 4 (I) funds are specifically provided 5 for those purposes in advance in ap-6 propriations Acts enacted after the 7 date of enactment of this Act; or 8 (II) the commitment is funded 9 entirely by funds made available to 10 the Secretary from the account de-11 scribed in subsection (i)(2)(B); and 12 (ii) may make a commitment de-13 scribed in clause (i) only— 14 (I) if the full extent of the antici-15 pated costs stemming from the com-16 mitment is recorded as an obligation 17 at the time that the commitment is 18 made; and 19 (II) to the extent of that up-front 20 obligation recorded in full at that 21 time. 22 (5) S UNSET.—The authority of the Secretary to 23 carry out activities under this subsection shall termi-24 nate on the earlier of— 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 20 •HR 5718 IH (A) the date on which the Secretary noti-1 fies Congress that the HALEU needs of ad-2 vanced nuclear reactor developers can be fully 3 met by commercial HALEU suppliers in the 4 United States, as determined by the Secretary, 5 in consultation with U.S. nuclear energy compa-6 nies; and 7 (B) September 30, 2034. 8 (h) D OMESTICSOURCINGCONSIDERATIONS.— 9 (1) I N GENERAL.—Except as provided in para-10 graph (2), the Secretary may only carry out an ac-11 tivity in connection with 1 or more of the Programs 12 if— 13 (A) the activity promotes manufacturing in 14 the United States associated with uranium sup-15 ply chains; or 16 (B) the activity relies on resources, mate-17 rials, or equipment developed or produced— 18 (i) in the United States; or 19 (ii) in a country that is an ally or 20 partner of the United States by— 21 (I) the government of that coun-22 try; 23 (II) an associated entity; or 24 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00020 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 21 •HR 5718 IH (III) a U.S. nuclear energy com-1 pany. 2 (2) W AIVER.—The Secretary may waive the re-3 quirements of paragraph (1) with respect to an ac-4 tivity if the Secretary determines a waiver to be nec-5 essary to achieve 1 or more of the objectives de-6 scribed in subsection (b). 7 (i) R EASONABLECOMPENSATION.— 8 (1) I N GENERAL.—In carrying out activities 9 under this section, the Secretary shall ensure that 10 any LEU and HALEU made available by the Sec-11 retary under 1 or more of the Programs is subject 12 to reasonable compensation, taking into account the 13 fair market value of the LEU or HALEU and the 14 purposes of this section. 15 (2) A VAILABILITY OF CERTAIN FUNDS .— 16 (A) I N GENERAL.—Notwithstanding sec-17 tion 3302(b) of title 31, United States Code, 18 revenues received by the Secretary from the 19 sale or transfer of fuel feed material acquired 20 by the Secretary pursuant to a contract entered 21 into under clause (i) or (ii) of subsection 22 (e)(1)(A) shall— 23 (i) be deposited in the account de-24 scribed in subparagraph (B); 25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00021 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 22 •HR 5718 IH (ii) be available to the Secretary for 1 carrying out the purposes of this section, 2 to reduce the need for further appropria-3 tions for those purposes; and 4 (iii) remain available until expended. 5 (B) R EVOLVING FUND.—There is estab-6 lished in the Treasury an account into which 7 the revenues described in subparagraph (A) 8 shall be— 9 (i) deposited in accordance with clause 10 (i) of that subparagraph; and 11 (ii) made available in accordance with 12 clauses (ii) and (iii) of that subparagraph. 13 (j) N UCLEARREGULATORYCOMMISSION.—The Nu-14 clear Regulatory Commission shall prioritize and expedite 15 consideration of any action related to the Programs to the 16 extent permitted under the Atomic Energy Act of 1954 17 (42 U.S.C. 2011 et seq.) and related statutes. 18 (k) USEC P RIVATIZATIONACT.—The requirements 19 of section 3112(d)(2) of the USEC Privatization Act (42 20 U.S.C. 2297h–10(d)(2)) shall not apply to activities re-21 lated to the Programs. 22 (l) N ATIONALSECURITYNEEDS.—The Secretary 23 shall only make available to a member of the consortium 24 under this section for commercial use or use in a dem-25 VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00022 Fmt 6652 Sfmt 6201 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB 23 •HR 5718 IH onstration project material that the President has deter-1 mined is not necessary for national security needs, subject 2 to the condition that the material made available shall not 3 include any material that the Secretary determines to be 4 necessary for the National Nuclear Security Administra-5 tion or any critical mission of the Department. 6 (m) I NTERNATIONAL AGREEMENTS.—This section 7 shall be applied in a manner consistent with the obliga-8 tions of the United States under international agreements. 9 Æ VerDate Sep 11 2014 05:48 Sep 29, 2023 Jkt 039200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6301 E:\BILLS\H5718.IH H5718 kjohnson on DSK7ZCZBW3PROD with $$_JOB