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H.R. 1042, Prohibiting Russian Uranium Imports Act (CBO Report for Congress)

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Congress 118th
Date Requested Dec. 1, 2023
Requested By the House Committee on Energy and Commerce
Date Sent Dec. 5, 2023
Description:
H.R. 1042 would prohibit imports of low-enriched uranium (LEU) from the Russian Federation, starting 90 days after enactment. Through December 31, 2027, the bill would allow the Secretary of Energy, in consultation with the Secretaries of State and Commerce, to issue waivers for imports up to amounts allowed under current law; after that date, no further imports would be permitted. The bill’s restrictions would end on December 31, 2040. The bill also would require the Department of Commerce to continue to administer import limitations on Russian LEU fuel imports, as it does under current law.  Finally, the bill would require the Department of Energy (DOE) to report to the Congress concerning the anticipated supply of LEU available to replace imports from the Russian Federation during the five years following enactment. DOE also would need to describe the assistance necessary to expand domestic LEU production.

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