To establish a wholly-owned Government corporation to manage the Nation's uranium enrichment enterprise, operating as a continuing, commercial enterprise on a profitable and efficient basis, and for other purposes.
United States Enrichment Corporation Act - Amends the Atomic Energy Act of 1954 to establish the United States Enrichment Corporation as a wholly-owned Government corporation to acquire material, operate facilities, and market enriched uranium products and services on a commercial, profitable basis. States that the Corporation Administrator shall be appointed by the President with the advice and consent of the Senate.
Establishes an Advisory Board to review Corporation policies and performance. Transfers certain Department of Energy property to the Corporation.
Requires the Corporation to report annually about its activities to the President, the Secretary of Energy, and certain congressional committees. Prescribes licensing and taxation guidelines for the Corporation. Sets guidelines for payments in lieu of taxes by the Corporation to States and local governments. Requires the Administrator to make recommendations to the President and the Congress by December 31, 1998, regarding the transfer of the Corporation's functions and assets to private ownership. Directs the Secretary to indemnify Corporation contractors for nuclear hazards incidents as if such contractors were contractors of the Secretary.
Authorizes appropriations.
Referred to the Subcommittee on Energy and the Environment.
Committee Hearings Held.
Referred to the Subcommittee on Energy and the Environment.
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the House Committee on Interior and Insular Affairs.
Referred to the House Committee on Science, Space and Technology.
Referred to the Subcommittee on Energy Research and Development.
Referred to the Subcommittee on Energy and Power.
Referred to the Subcommittee on Energy and the Environment.
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