To require the Secretary of Energy to establish a Nuclear Fuel Security Program, expand the American Assured Fuel Supply Program, and for other purposes.
About This Bill
Floor Vote
Latest Action · December 5, 2023
Ordered to be Reported by the Yeas and Nays: 48 - 0.
This bill establishes three new federal programs to secure America's nuclear fuel supply and support advanced reactor development. The Secretary of Energy must create a Nuclear Fuel Security Program to increase domestic production of high-assay, low-enriched uranium (HALEU), expand the American Assured Fuel Supply Program to maintain backup fuel reserves for emergencies, and establish a HALEU for Advanced Nuclear Reactor Demonstration Projects Program. The bill sets specific timelines requiring the Department to acquire at least 20 metric tons of HALEU annually by the end of 2027 and make available 3 metric tons by September 2024, 8 additional metric tons by December 2025, and 10 more metric tons by June 2026 from existing Department stockpiles. These programs affect nuclear energy companies and advanced reactor developers by ensuring a reliable domestic fuel supply, though the bill prioritizes using domestic uranium sources and only allows international sourcing from allied countries when domestic options are impractical. The bill does not specify total funding amounts but establishes a revolving fund through revenues from fuel sales and requires that any new commitments be backed by specific Congressional appropriations.
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