PRIA Logo™
Title 42, The Public Health and WelfareRelease 119-73not60

§2297h–1 Sale of Corporation

Title 42 › Chapter 23— DEVELOPMENT AND CONTROL OF ATOMIC ENERGY › Subchapter VIII— UNITED STATES ENRICHMENT CORPORATION PRIVATIZATION › § 2297h–1

Last updated Apr 5, 2026|Official source

Summary

The Board must sell the U.S. ownership in the United States Enrichment Corporation to private buyers, and the Treasury Secretary must approve the sale. The sale must keep the company healthy for the long run, keep running the Department of Energy’s gaseous diffusion plants, protect a reliable and affordable U.S. supply of uranium mining, enrichment, and conversion services, and, where that does not conflict, get the maximum money for the United States. Money from the sale must go into the Treasury’s 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 5, 2026

Release point: 119-73not60