Title 42 — The Public Health and WelfareRelease 119-73
§2297h–1 Sale of Corporation
Title 42 › Chapter CHAPTER 23— - DEVELOPMENT AND CONTROL OF ATOMIC ENERGY › Subchapter SUBCHAPTER VIII— - UNITED STATES ENRICHMENT CORPORATION PRIVATIZATION › § 2297h–1
Summary
Board must sell the U.S. interest in the Enrichment Corporation with Treasury Secretary approval to ensure long-term viability, continued Department of Energy gaseous diffusion plant operations, and a reliable domestic uranium source. Proceeds go to the Treasury general fund.
Full Legal Text
Title 42, §2297h–1
The Public Health and Welfare — Source: USLM XML via OLRC
(a)The Board of Directors of the Corporation, with the approval of the Secretary of the Treasury, shall transfer the interest of the United States in the United States Enrichment Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of the operation of the Department of Energy’s gaseous diffusion plants, provides for the protection of the public interest in maintaining a reliable and economical domestic source of uranium mining, enrichment and conversion services, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.
(b)Proceeds from the sale of the United States’ interest in the Corporation shall be deposited in the general fund of the Treasury.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as part of the USEC Privatization Act and also as part of the Omnibus Consolidated Rescissions and Appropriations Act of 1996, and not as part of the Atomic Energy Act of 1954 which comprises this chapter.
Reference
Citations & Metadata
Citation
42 U.S.C. § 2297h–1
Title 42 — The Public Health and Welfare
Last Updated
Apr 6, 2026
Release point: 119-73