[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1174 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1174

   To provide additional flexibility for the Department of Energy's 
     program for the disposal of spent nuclear fuel and high level 
               radioactive waste, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 1995

  Mr. Upton introduced the following bill; which was referred to the 
                         Committee on Commerce

_______________________________________________________________________

                                 A BILL


 
   To provide additional flexibility for the Department of Energy's 
     program for the disposal of spent nuclear fuel and high level 
               radioactive waste, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Nuclear Waste Disposal Funding 
Act''.

SEC. 2. NUCLEAR WASTE FUND AVAILABILITY.

    Section 302 of the Nuclear Waste Policy Act of 1982 (42 U.S.C. 
10222) is amended by inserting the following after subsection (e):
    ``(f) Nuclear Waste Fund Availability.--(1) If the condition in 
subsection (g)(2) is met, the net proceeds from the sale of the United 
States Enrichment Corporation which are deposited in a special fund in 
the Treasury under subsection (g)(1) may be used by the Department for 
radioactive waste disposal activities under this Act. No more than the 
following amounts shall be made available in the fiscal year 
specified--
            ``(A) for fiscal year 1996, $431,600,000;
            ``(B) for fiscal year 1997, $540,000,000; and
            ``(C) for fiscal year 1998, $627,400,000.
The net proceeds are the revenues derived from the sale of United 
States Enrichment Corporation stock, based upon its sales price less 
cash payments to the purchasers and less the value assigned to highly 
enriched and natural uranium transferred from the Department to the 
United States Enrichment Corporation after February 1, 1995, as 
specified in the stock offering prospectus of the United States 
Enrichment Corporation. In determining net proceeds, the cash and the 
value of highly enriched uranium shall be prorated in proportion to the 
amount of stock that is sold to non-Federal entities.
    ``(2) In addition to the amounts in paragraph (1), amounts 
deposited in the Nuclear Waste Fund in fiscal years 1996, 1997, and 
1998 resulting from any increase in the fee established under this 
section shall be available to the Department for expenditure for 
radioactive waste disposal activities under this Act.
    ``(3) Amounts available under this subsection shall remain 
available until expended, without further appropriation but within any 
specific directives and limitations included in appropriations Acts. 
Amounts for radioactive waste disposal activities shall be included in 
the annual budget submitted to Congress for Nuclear Waste Disposal Fund 
activities.
    ``(g) Offsets.--(1) The net proceeds from the sale of all stock of 
the United States Enrichment Corporation shall be deposited in a 
special fund in the Treasury and be available for the purposes 
specified in subsection (f).
    ``(2) If the President so designates, the net proceeds shall be 
included in the budget baseline required by the Balanced Budget and 
Emergency Deficit Control Act of 1985 and shall be counted for the 
purposes of section 252 of that Act as an offset to direct spending, 
notwithstanding section 257(e) of that Act.''.
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