Uranium Reserve Act: Ensuring US Energy Independence
This act aims to strengthen the energy security of the United States by establishing a national uranium reserve and supporting domestic uranium production. It seeks to ensure the availability of uranium to sustain the continued operation of nuclear reactors in the event of a supply disruption and to eliminate reliance on Russian uranium.
Key points
Creation of a National Strategic Uranium Reserve to ensure the availability of US-produced and converted uranium in case of supply disruptions.
Support for domestic uranium production, conversion, and enrichment to eliminate reliance on Russian uranium and address supply chain gaps.
Prohibition of acquiring uranium for the reserve and programs from entities controlled by the governments of Russia or China.
Authorization of funds, including $150 million annually for the uranium reserve for fiscal years 2023 through 2032.
Expired
Additional Information
Print number: 117_S_3978
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2022-03-31