Report the Strategy to Restore American Nuclear Energy Leadership recommends:
- making direct U.S. government purchases of 17 - 19 million pounds of uranium beginning in 2020 for a strategic uranium reserve (which has already been reflected in the President's fiscal 2021 budget, which contemplates expenditures of $150 million per year over a 10-year period, totaling $1.5 billion, to create this strategic uranium reserve);
- ending the Department of Energy uranium bartering program that has directly competed against domestic uranium miners in the past;
- supporting the Department of Commerce's efforts to extend the Russian Suspension Agreement ("RSA") to prevent dumping of Russian uranium in the U.S., and "the consideration of further lowering the cap on Russian imports under future RSA terms";
- enabling the U.S. Nuclear Regulatory Commission to deny imports of fabricated nuclear fuel from Russia;
- streamlining regulatory reform and land access for uranium.
The NFWG report goes on to state that, in addition to the commitments above, "ubsequent support will be considered as deemed necessary across a 10-year period."