[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3429 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 3429

To improve the funding mechanism for the Department of Energy Civilian 
     Radioactive Waste Management Program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 4, 2003

 Mr. Shimkus (for himself and Mr. Rush) introduced the following bill; 
       which was referred to the Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
To improve the funding mechanism for the Department of Energy Civilian 
     Radioactive Waste Management Program, 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 Financing Act of 
2003''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) The term ``Secretary'' means the Secretary of Energy.
            (2) The term ``Act'' means the Nuclear Waste Policy Act of 
        1982 (42 U.S.C. 10101 et seq.).
            (3) The term ``Fund'' means the Nuclear Waste Fund 
        established by section 302(c) of the Act (42 U.S.C. 10222(c)).

SEC. 3. NUCLEAR WASTE FUND FINANCING AUTHORIZATION.

    (a) Budgetary Resources From Offsetting Collections.--Beginning in 
fiscal year 2005, and through the end of fiscal year 2010, the 
receipts, proceeds, and recoveries realized by the Secretary under 
subsections (a) and (b) of section 302 of the Act shall be credited to 
the Fund as offsetting collections.
    (b) Authorization of Appropriations.--There are authorized to be 
appropriated to the Secretary from the Fund, to remain available until 
expended, for nuclear waste disposal activities under the Act--
            (1) $725,000,000 for fiscal year 2005; and
            (2) an amount equal to the amount deposited in the Fund 
        pursuant to subsection (a) during the preceding fiscal year, as 
        adjusted under subsection (c), for each of the fiscal years 
        2006 through 2010.
    (c) Adjustments to the Levels of Budgetary Resources From 
Offsetting Collections.--In any of the fiscal years 2006 through 2009, 
if the amount appropriated pursuant to subsection (b) is less than the 
amount deposited in the Fund pursuant to subsection (a) during the 
previous fiscal year, the amount of budgetary resources from offsetting 
collections for the following fiscal year shall be increased by the 
difference between the amount appropriated and the amount so deposited.
    (d) Preservation of the Corpus of the Nuclear Waste Fund.--(1) Any 
amount of fees and interest in excess of the amount specified in 
subsection (a) shall be deposited in the Fund and added to the balances 
in the Fund.
    (2) To the extent that the level of budgetary resources from 
offsetting collections is insufficient to implement activities under 
the Act for a fiscal year, there are authorized to be appropriated such 
additional sums as may be necessary from the balances in the Fund.
    (3) All receipts, proceeds, recoveries, and interest contained in 
the Fund, including receipts, proceeds, recoveries, and interest 
pursuant to section 302(b)(4) of the Act, shall be included in the 
Secretary's annual review under section 302(a)(4) of the Act.
                                 <all>