Uranium Revitalization, Tailings Reclamation and Enrichment Act of 1987

Summary

Uranium Revitalization, Tailings Reclamation and Enrichment Act of 1987 - Title I: Uranium Revitalization - Prohibits Federal bodies from entering into foreign uranium purchase contracts. Restricts the use of federally owned natural uranium stockpiles to: (1) military purposes; (2) government research; and (3) overfeeding and pre-production activities by the United States Enrichment Corporation. Exempts the Tennessee Valley Authority from the foreign purchase prohibition. Title II: Tailings Reclamation - Provides that reclamation and other remedial action with respect to uranium shall be performed according to statutory guidelines by the site owner or licensee at the active site. Requires that such owners' reclamation expenses be reimbursed from the Uranium Mill Tailings Fund (established by this Act). Identifies the active sites that qualify for such reimbursement. Establishes the Uranium Mill Tailings Fund, which shall consist of contributions from: (1) States in which active sites are located; (2) site owners or licensees; (3) the Federal Government; and (4) user fees. Prescribes guidelines for: (1) Fund administration; (2) contributions; (3) participation; and (4) reimbursement for expenditures for remedial actions (including at thorium sites). States that the sole liability and obligation under Federal law for remedial action at active uranium and thorium sites shall consist of the contributions, fines, and work performed by: (1) active site owner licensees; or (2) persons using source or special nuclear material for a civilian nuclear power reactor to generate electrical energy. Title III: United States Enrichment Corporation - Establishes the United States Enrichment Corporation as a wholly-owned Government corporation to acquire, operate, and market uranium enrichment activities 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 Department of Energy property to the Corporation. Requires the Corporation to report annually regarding 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.

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2 official files

• Passed Senate amended

  summary · EN · 30 March 1988

  Open at official source

• Introduced in Senate

  summary · EN · 25 February 1988

  Open at official source

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