Summary: H.R.1098 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.1098. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/23/1989)

United States Enrichment Corporation Act - Amends the Atomic Energy Act of 1954 to establish the United States Enrichment Corporation as a wholly-owned Government corporation to acquire material, operate facilities, and market enriched uranium products and services 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 certain Department of Energy property to the Corporation.

Requires the Corporation to report annually about 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.

Authorizes appropriations.