A bill to prevent the proliferation of nuclear weapons by limiting the transfer of certain nuclear technology and materials.

Prohibits the Nuclear Regulatory Commission and the Energy Research and Development Administration from authorizing or permitting the export of nuclear fuel or nuclear technology: (1) to any country which furnishes or agrees to furnish uranium enrichment or nuclear fuel reprocessing plants to a country not a party to the Nuclear Nonproliferation Treaty; or (2) to any country which is not a party to the Nuclear Nonproliferation Treaty and which develops either an enrichment or reprocessing plant without concluding an agreement with the International Atomic Energy Agency or Euratom by which all present and future nuclear facilities are made subject to safeguards established by either such agency against diversion of nuclear material.

Authorizes the President to waive such restrictions if the export of such technology is in the interest of national security.