Manchin

Barrasso

A bipartisan group in the Senate is making another attempt to ban Russian uranium with the introduction of S. 763, the Reduce Russian Uranium Imports Act, after similar legislation introduced in the previous Congress just under one year ago by Sen. John Barrasso (R., Wyo.) failed to advance.

Debuting March 9, the new bill is sponsored by Barrasso and Sens. Joe Manchin (D., W.Va.), Jim Risch (R., Idaho), Martin Heinrich (D., N.M.), Cynthia Lummis (R., Wyo.), Chris Coons (D., Del.), and Roger Marshall (R., Kan.). Specifically, S. 763 calls for prohibiting “the importation into the United States of unirradiated low-enriched uranium that is produced in the Russian Federation or by a Russian entity.”

A bipartisan group of senators sent a letter last week to Scott Nathan, chief executive officer of the U.S. International Development Finance Corporation (DFC), urging the agency to begin financing nuclear energy projects and support the continued development and deployment of advanced nuclear technology.

Signing the December 8 letter were Sens. John Barrasso (R., Wyo.), Cory Booker (D., N.J.), Shelley Moore Capito (R., W.Va.), Ben Cardin (D., Md.), Chris Coons (D., Del.), Kevin Cramer (R., N.D.), Joe Manchin (D., W.Va.), Lisa Murkowski (R., Alaska), and Jim Risch (R., Idaho).

Moran

Coons

Sens. Chris Coons (D., Del.) and Jerry Moran (R., Kan.) late last month reintroduced legislation to give investors in clean energy projects, including advanced nuclear, access to a tax advantage currently available only to fossil fuel investors. The bipartisan bill, the Financing Our Energy Future Act (H.B. 1034), was initially introduced in June 2019.

The measure would enable clean energy companies to form master limited partnerships (MLPs)—business ventures that combine the tax benefits of private partnerships (where profits are taxed only when investors receive distributions) with the liquidity of publicly traded companies. By statute, MLPs are currently available only to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects.