The House of Representatives produced some good news for the nation’s uranium mining industry in late February, but also some of the opposite variety.

Latta

First, on February 25, Rep. Bob Latta (R, Ohio) reintroduced the Nuclear Prosperity and Security Act (H.R. 1351), initially brought forward by the congressman last July. The bill would direct the secretary of energy to establish and operate a uranium reserve in the United States to ensure the availability of the element in the event of a market disruption and to support U.S. strategic fuel cycle capabilities.

“The United States has fallen behind in the competitive development of nuclear energy, and now we rely heavily on foreign sources of uranium,” Latta stated. “In order to avoid threats to our nuclear supply chain, we need to build up our domestic uranium mining, production, and conversion by establishing a uranium reserve. The Nuclear Prosperity and Security Act would establish a domestic uranium reserve that will result in lower carbon emissions, new jobs and economic growth, and a more secure world.”

H.R. 1351 has been referred to the House Energy and Commerce Committee.