← Back to results
Federal

Nuclear Fuel Security Act of 2023

Source: Congress.gov  ·  6,274 words in original text
This bill requires the Secretary of Energy to create a Nuclear Fuel Security Program and expand an existing American Assured Fuel Supply Program to increase the amount of uranium produced in the United States. The bill also requires a report on how much money will be needed for a civil nuclear credit program for nuclear power plants. ##
- The Department of Energy and its Secretary - U.S. nuclear energy companies - Nuclear power plant operators - Advanced nuclear reactor developers - The Nuclear Regulatory Commission - Congress ##
- The Secretary of Energy must establish a Nuclear Fuel Security Program to increase the amount of low-enriched uranium and high-assay low-enriched uranium produced by U.S. nuclear energy companies, with contracts to acquire at least 100 metric tons per year of low-enriched uranium by December 31, 2026, and at least 20 metric tons per year of high-assay low-enriched uranium by December 31, 2027 (Sec. 2(e)(1)). - The Secretary must expand the American Assured Fuel Supply Program by merging it with the Uranium Reserve Program to maintain and increase uranium supplies in case of a supply disruption (Sec. 2(f)). - The Secretary must immediately make available high-assay low-enriched uranium from Department inventories to advanced nuclear reactor developers, with specific goals of at least 3 metric tons by September 30, 2024, an additional 8 metric tons by December 31, 2025, and an additional 10 metric tons by June 30, 2026 (Sec. 2(g)(2)). - Beginning 90 days after the bill becomes law, low-enriched uranium produced in Russia or by Russian companies cannot be imported into the United States, with limited exceptions that require a waiver from the Secretary of Energy (Sec. 4(a)). - The bill authorizes 3.5 billion dollars to be spent on these nuclear fuel programs through September 30, 2032, with up to 1 billion dollars available for the high-assay low-enriched uranium program through September 30, 2028 (Sec. 2(n)). ##
- The Department of Energy must create two new uranium supply programs (the Nuclear Fuel Security Program and the HALEU for Advanced Nuclear Reactor Demonstration Projects Program). - Russian uranium imports are banned starting 90 days after the bill becomes law, except through special waivers. - The Secretary of Energy receives authority to make existing government uranium inventories available to commercial nuclear reactor projects. - The Nuclear Regulatory Commission must prioritize and speed up its review of actions related to these new programs. - The Secretary may use revenues from selling uranium to fund these programs without needing additional Congressional approval. - The Secretary of Energy must report to Congress within 180 days on how much money will be needed for a separate civil nuclear credit program. ##
- **Advanced nuclear reactor**: A reactor type defined in a previous law (the Energy Policy Act of 2005). The bill does not provide a specific definition. - **High-assay low-enriched uranium (HALEU)**: Uranium enriched to higher levels than standard low-enriched uranium but still below weapons-grade levels, as defined in the Energy Act of 2020. - **Low-enriched uranium (LEU)**: Uranium processed to specific enrichment levels for reactor fuel, as defined in the USEC Privatization Act. - **Associated entity**: A company owned or controlled by a U.S. ally or partner country's government, or a company incorporated in a U.S. ally or partner country. - **Consortium**: The consortium established under the Energy Act of 2020. - **Russian entity**: Any company organized under Russian law or subject to the Russian government's control. ##
The ban on Russian uranium imports takes effect 90 days after the bill becomes law. All other provisions take effect when the bill is signed into law. The overall authority for these programs expires on December 31, 2040.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.