Rep. Donalds (R-FL) and Whip Clyburn (D-SC) Introduce the International Nuclear Energy Act
WASHINGTON, D.C. - Today, Congressman Byron Donalds (R-FL) issued the following statement regarding the introduction of the bipartisan International Nuclear Energy Act.
This bill facilitates international nuclear energy cooperation by creating cohesive civil nuclear export procedures, establishing global nuclear financing relationships with embarking nuclear energy nations, and promoting nuclear regulatory harmonization between the United States and other foreign nations. Additionally, this bill creates the U.S. Nuclear Fuels Security Initiative to reduce and eventually eliminate reliance on Chinese and Russian nuclear fuel.
"If the United States seeks to compete with our adversaries and ultimately be the global nuclear leader, the federal government has the important responsibility of providing the necessary tools to further America's nuclear-related geopolitical objectives," said Rep. Donalds. "The International Nuclear Energy Act seeks to foster worldwide nuclear trade, furnishes American nuclear expertise to nations that are interested in embracing nuclear energy, and provides vital federal support for the domestic acquisition of high-assay low-enriched uranium (HALEU) that will be used to fuel the next generation of advanced nuclear reactors. I'm thankful to Democratic House Majority Whip Clyburn for being the co-lead on this pertinent piece of bipartisan legislation, which once again highlights the importance of securing U.S. energy independence and America's global energy leadership role moving forward."
“As we move toward a clean energy future, nuclear needs to remain a part of the smorgasbord of choices,” said Whip Clyburn. “The climate crisis is a global one and we must do what we can to assist our allies and partners to meet their emission goals while building a sustainable nuclear fuels capacity here at home.”
"Russia and China currently dominate the international nuclear energy market, and the U.S. presence has all but disappeared. Russia and China both offer competitive financing of up to 90% of the cost of a nuclear power plant, and currently we're reliant on Russia for nuclear fuel. Reps. Clyburn and Donalds' International Nuclear Energy Act will maximize America's capabilities to support domestic companies developing nuclear energy projects internationally. Deploying more clean, reliable nuclear energy is essential to reducing global carbon dioxide emissions, and we should do everything we can to have it made in America." - Rich Powell, CEO, ClearPath Action.
"Russia's weaponization of the global energy supply has underscored the vital importance of energy security at home and around the globe. Governments around the world are recognizing the vital role nuclear carbon-free energy will play in achieving not only climate goals but allowing for greater energy and national security. The International Nuclear Energy Act includes important provisions that will facilitate the deployment of U.S. nuclear energy technologies to partner nations, generating American jobs and extending U.S. influence in nuclear safety, nonproliferation and security. We commend Whip Clyburn and Representative Donalds for advancing legislation that will help maintain U.S. global leadership in commercial nuclear technology." - Maria Korsnick, President and Chief Executive Officer of the Nuclear Energy Institute (NEI).
"For the United States to achieve its own energy security, we need to invest in critical infrastructure including expanding nuclear fuel conversion and enrichment capabilities at home. This is a process that will take time and must be done in a way that does not put existing carbon-free generation – and tens of thousands of jobs – at risk. NEI agrees with the goal of the legislation as it relates to bolstering U.S. capabilities, and we look forward to working with Congress to address fuel supply uncertainties and create a path to greater energy security while meeting our climate goals."