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US S4694

Russian Suspension Agreement Extension Act of 2020


summary

Introduced
09/24/2020
In Committee
09/24/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to extend and expand limitations on the importation of uranium from the Russian Federation, and for other purposes. This bill extends limits on the importation of Russian low-enriched uranium, a fuel for nuclear reactors, and contains other related provisions. (These limits stem from a 1992 agreement with Russia to end a Department of Commerce antidumping investigation into Russian uranium imports.) The bill extends these limits, which are currently set to expire in 2020, to 2040. The bill also specifies the maximum amounts of qualifying uranium that may be imported each year for 2021-2040. The Department of Commerce shall (1) administer these import limitations, and (2) periodically review U.S. demand for uranium for nuclear reactors and adjust the limits accordingly. Currently, qualifying uranium imported for the Department of Energy inventory do not count against these limits. The bill eliminates this exception but maintains two other exceptions for uranium imported for use in the initial core of a new reactor or for reprocessing and reexportation.

AI Summary

This bill extends and expands limitations on the importation of uranium from the Russian Federation until 2040. The bill amends the USEC Privatization Act to: (1) specify the maximum amounts of qualifying uranium that may be imported each year from 2021 to 2040; (2) require the Department of Commerce to administer these import limitations and periodically review U.S. demand for uranium for nuclear reactors, adjusting the limits accordingly; and (3) eliminate an exception that currently allows uranium imported for the Department of Energy inventory to not count against these limits, while maintaining two other exceptions. The bill aims to reduce reliance on uranium imports, revive and strengthen the U.S. nuclear fuel supply chain, and expand domestic production of nuclear fuel.

Committee Categories

Agriculture and Natural Resources

Sponsors (12)

Last Action

Read twice and referred to the Committee on Energy and Natural Resources. (on 09/24/2020)

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