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Nuclear Fuel Security Act

Source: Congress.gov  ·  4,537 words in original text
This bill directs the Department of Energy to create a Nuclear Fuel Security Program to increase production of uranium fuel in the United States. It also expands an existing American Assured Fuel Supply Program and establishes a separate program to provide uranium fuel to advanced nuclear reactor demonstration projects. The bill aims to reduce dependence on foreign uranium suppliers and ensure fuel availability during supply disruptions.
- The Department of Energy and its Secretary - U.S. nuclear energy companies involved in uranium production, conversion and enrichment - Advanced nuclear reactor developers - Nuclear power plants operating in the United States - Members of a consortium established under the Energy Act of 2020 - The Nuclear Regulatory Commission - Allied and partner countries of the United States
- The Secretary must enter into contracts with at least two U.S. nuclear energy companies to acquire at least 100 metric tons per year of low-enriched uranium by December 31, 2026 (Sec. 2(e)(1)(A)(i)) - The Secretary must enter into contracts to acquire at least 20 metric tons per year of high-assay, low-enriched uranium by December 31, 2027 from U.S. nuclear energy companies (Sec. 2(e)(1)(A)(ii)) - The Secretary shall immediately accelerate activities to make available 3 metric tons of high-assay, low-enriched uranium 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)) - The Secretary shall expand the American Assured Fuel Supply Program by merging it with the Uranium Reserve Program to maintain backup uranium supplies in case of market disruptions (Sec. 2(f)(1)) - All uranium used in these programs must be produced, converted or enriched in the United States or in an allied or partner country, unless domestic options are not practicable (Sec. 2(e)(1)(A)(iii) and 2(f)(2)(B))
The Department of Energy gains new authority and responsibilities to actively purchase domestic uranium fuel through contracts. A new Nuclear Fuel Security Program is created to build domestic uranium production capacity. The existing American Assured Fuel Supply Program expands to include stockpiles previously managed separately under the Uranium Reserve Program. The Department must immediately make available uranium fuel from its existing stockpiles to advanced reactor demonstration projects on specific timelines. The Nuclear Regulatory Commission must prioritize and expedite any regulatory actions related to these programs.
- Advanced nuclear reactor: Not specified in bill text (defined by reference to an external law) - High-assay, low-enriched uranium (HALEU): Not specified in bill text (defined by reference to the Energy Act of 2020) - Low-enriched uranium (LEU): Not specified in bill text (defined by reference to the USEC Privatization Act) - U.S. nuclear energy company: A company organized under U.S. law that is involved in the nuclear energy industry (Sec. 2(c)(10)) - Associated entity: An entity owned or controlled by an allied or partner country government, an associated individual, or organized under the laws of an allied or partner country (Sec. 2(c)(2)) - Associated individual: A foreign national who is a citizen of an allied or partner country of the United States (Sec. 2(c)(3)) - Consortium: The consortium established under the Energy Act of 2020 (Sec. 2(c)(4))
The bill takes effect upon enactment. The Secretary must enter into contracts within 180 days after the date of enactment (Sec. 2(e)(1)(A)(i) and (ii)).
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.