,i #aac? ,,congress #b;d ,session ,h4 ,r4 #dhhc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #ag1 #bjad ,mr4 ,/ockman introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,arm$ ,s]vices ,a ,,bill ,to provide = ! e/abli%m5t ( a ,national ,r>e-,e>? ,ref9]y ,coop]ative1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,national ,r>e-,e>? ,coop]ative ,act ( #bjad4 #b4 ,f9d+s2 /atem5t ( policy 7a7 ,f9d+s ,congress makes ! foll[+ f9d+3 7#a7 ,heavy r>e-e>? elem5ts are critical = ! national def5se ( ! ,unit$ ,/ates1 advanc$ en]gy te*nologies1 & o!r desirable comm]cial & indu/rial applications4 7#b7 ,! ,gov]nm5t ,acc\ntability ,(fice has confirm$ t ! monopoly control ( ! ,p's ,republic ( ,*9a ov] ! r>e-e>? value *a9 has result$ 9 vuln]abilities 9 ! procurem5t process ( multiple ,unit$ ,/ates weapons sy/ems4 7#c7 ,*9a has lev]ag$ its monopoly control ov] ! r>e-e>? value *a9 to =ce ,am]ican1 ,european1 ,japanese1 & ,korean corporations to transf] manufactur+ facilities1 te*nology1 & jobs to ,*9a 9 ex*ange = secure supply contracts4 7#d7 ,*9a's increas+ly aggressive m]cantili/ behavior has result$ 9 involunt>y transf]s ( te*nology1 manufactur+ facilities1 & jobs z well z on]\s trade imbalances ) ! ,unit$ ,/ates & trad+ p>tn]s ( ! ,unit$ ,/ates4 7#e7 ,direct l9ks exi/ betwe5 heavy r>e-e>? m9]alogy & ?orium4 7#f7 ,?orium is a mildly radioactive elem5t commonly associat$ ) ! lan?anide elem5ts 9 ! mo/ heavy r>e-e>? deposits t are locat$ 9 ! ,unit$ ,/ates & else:]e4 7#g7 ,regulations reg>d+ ?orium repres5t a b>ri] to ! developm5t ( ! heavy r>e-e>? indu/ry t is bas$ 9 ! ,unit$ ,/ates4 7#h7 ,balanc+ ! /rategic national int]e/ objectives ( ! ,unit$ ,/ates aga9/ economic & environm5tal risks is be/ met ?r\gh ! creation ( a r>e-e>? coop]ative4 7#i7 ,a r>e-e>? coop]ative c\ld-- 7,a7 greatly increase r>e-e>? production2 7,b7 ensure environm5tal safety2 & 7,c7 l[] ! co/ ( production & f9ancial risks fac$ by r>e-e>? produc]s 9 ! ,unit$ ,/ates4 7#aj7 ,hi/orically1 agricultural & electric coop]atives h /ood z "s ( ! greate/ success /ories ( ! ,unit$ ,/ates4 7b7 ,/atem5t ( policy ,x is ! policy ( ! ,unit$ ,/ates to advance dome/ic ref9+ ( heavy r>e-e>? mat]ials & ! safe /orage ( ?orium 9 anticipation ( ! pot5tial future indu/rial uses ( ?orium1 includ+ en]gy1 z-- 7#a7 ?orium has a m9]alogical association ) valuable heavy r>e-e>? elem5ts2 7#b7 !re is a great ne$ to develop dome/ic ref9+ capacity to process dome/ic heavy r>e-e>? deposits2 & 7#c7 ! economy ( ! ,unit$ ,/ates w\ld b5efit f ! rapid developm5t & control ( intellectual prop]ty relat+ to ! comm]cial developm5t ( ?orium-utiliz+ te*nology4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,act9ide ,! t]m act9ide means all elem5ts ) atomic numb]s ( #hi or great] on ! p]iodic table4 7#b7 ,consum] memb] 7,a7 ,9 g5]al ,! t]m consum] memb] means a memb] ( ! ,coop]ative t is-- 7i7 an entity t is "p (1 or has a role 91 ! value *a9 = r>e-e>? mat]ials or r>e-e>? products1 includ+ f ! ref9$ oxide /ate to ! /age 9 :i* ! r>e-e>? elem5ts are f9i%$ 9 any physical or *emical =m 7includ+ oxides1 metals1 alloys1 cataly/s1 or compon5t72 or 7ii7 a consum] ( r>e-e>? products4 7,b7 ,inclusions ,! t]m consum] memb] includes-- 7i7 a produc] ( or o!r entity t is "p ( ! value *a9 = r>e-e>? mat]ials1 includ+ orig9al equipm5t manufactur] produc]s1 ^: place ( bus9ess is locat$ 9 or outside ! ,unit$ ,/ates2 7ii7 a def5se contractor or contractors 9 ! ,unit$ ,/ates2 & 7iii7 any gov]nm5t ag5cy 9 ! ,unit$ ,/ates or outside ! ,unit$ ,/ates t inve/s 9 ! ,coop]ative4 7#c7 ,coop]ative ,! t]m ,coop]ative means ! ,?orium-,be>+ ,r>e-,e>? ,ref9]y ,coop]ative e/abli%$ by section #d7;a77#a74 7#d7 ,coop]ative bo>d ,! t]m ,coop]ative ,bo>d means ! ,bo>d ( ,directors ( ! ,coop]ative e/abli%$ "u section #d7;b77#b74 7#e7 ,corporation ,! t]m ,corporation means ! ,?orium ,/orage1 ,en]gy1 & ,indu/rial ,products ,corporation e/abli%$ "u section #e7;a77#a74 7#f7 ,corporation bo>d ,! t]m ,corporation ,bo>d means ! ,bo>d ( ,directors ( ! ,corporation e/abli%$ "u section #e7;b77#a74 7#g7 ,executive committee ,! t]m ,executive ,committee means ! executive committee e/abli%$ "u section #e7;b77#b74 7#h7 ,initial bo>d ( directors ,! t]m ,initial ,bo>d ( ,directors means ! initial ,bo>d ( ,directors = ! ,coop]ative e/abli%$ "u section #d7;b77#a77;,a74 7#i7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 t t]m 9 section #aja7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja7;a774 7#aj7 ,national laboratory ,! t]m national laboratory has ! mean+ giv5 t t]m 9 section #b ( ! ,en]gy ,policy ,act ( #bjje 7#db ,u4,s4,c4 #aehja74 7#aa7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,def5se4 7#ab7 ,suppli] memb] ,! t]m suppli] memb] means a r>e-e>? produc] t ent]s into a contract to supply ! ,coop]ative ) r>e-e>? ores4 7#ac7 ,toll+ ,! t]m ,toll+ means a fee-=-s]vices contract betwe5 ! ,coop]ative & a prim>y r>e-e>? produc] "u :i*-- 7,a7 ! produc] reta9s own]%ip & control ( ! f9i%$ product2 & 7,b7 pays to ! ,coop]ative a fee = s]vices r5d]$ by ! ,coop]ative4 7#ad7 ,unprocess$ & unref9$ ore ,! t]m unprocess$ & ref9$ ore includes any ores or residual ores result+ f ! m9+1 extraction1 b5eficiation1 & process+ ( o!r natural res\rces4 #d4 ,?orium-,be>+ ,r>e-,e>? ,ref9]y ,coop]ative 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,!re is e/abli%$ a ,coop]ative1 to be kn[n z ! ,?orium-,be>+ ,r>e-,e>? ,ref9]y ,coop]ative1 to provide = ! dome/ic process+ ( ?orium-be>+ r>e-e>? conc5trates z residual unprocess$ & unref9$ ores1 9 accordance ) #aj ,,cfr #dj4ab & #ac;b z x relates to ! ,coop]ative4 7#b7 ,f$]al *>t]2 own]%ip ,! ,coop]ative %all op]ate "u a ,f$]al *>t]4 7#c7 ,memb]%ip 7,a7 ,composition ,! ,coop]ative %all comprise-- 7i7 suppli] memb]s2 & 7ii7 consum] memb]s4 7,b7 ,suppli] memb]s 7i7 ,9 g5]al ,z a condition ( ent]+ into a contract to supply ! ,coop]ative ) r>e-e>? ores1 suppli] memb]s provide r>e-e>? conc5trates to ! ,coop]ative at m>ket price4 7ii7 ,capital contributions ,any suppli] memb] t makes significant capital contributions to ! ,coop]ative1 z det]m9$ by ! ,coop]ative ,bo>d1 may become a consum] memb] = purposes ( ! di/ribution ( pr(its ( ! ,coop]ative "u subp>agraph 7,d74 7,c7 ,consum] memb] ,a consum] memb]-- 7i7 %all make capital contributions to ! ,coop]ative 9 ex*ange = ent]+ into negotiat$ supply agreem5ts2 & 7ii7 9 accordance ) ! agreem5ts ent]$ into "u clause 7i71 may acquire f9i%$ r>e-e>? products f ! ,coop]ative at m>ket price4 7,d7 ,di/ribution ( pr(its ,any pr(its ( ! ,coop]ative %all be di/ribut$ betwe5 suppli] memb]s & consum] memb]s 9 accordance ) a =mula e/abli%$ by ! ,coop]ative ,bo>d4 7b7 ,managem5t 7#a7 ,initial bo>d ( directors 7,a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y %all appo9t ! ,initial ,bo>d ( ,directors = ! ,coop]ative1 compris$ ( five memb]s1 ( :om-- 7i7 "o memb] %all repres5t ! ,def5se ,logi/ics ,ag5cy ,/rategic ,mat]ials program ( ! ,dep>tm5t ( ,def5se2 7ii7 "o memb] %all repres5t ! ,assi/ant ,secret>y ( ,def5se = ,rese>* & ,eng9e]+2 7iii7 "o memb] %all repres5t ,unit$ ,/ates advocacy gr\ps = r>e-e>? produc]s & orig9al equipm5t manufactur+ int]e/s2 7iv7 "o memb] %all repres5t ! ,unit$ ,/ates ,geological ,survey2 & 7v7 "o memb] :o %all-- 7,i7 n be affiliat$ ) a ,f$]al ag5cy2 & 7,,ii7 be recomm5d$ = appo9tm5t by a majority vote ( ! o!r memb]s ( ! ,initial ,bo>d ( ,directors appo9t$ "u clauses 7i7 ?r\gh 7iv74 7,b7 ,duties ,! ,initial ,bo>d ( ,directors %all-- 7i7 e/abli% ! *>t]1 bylaws1 & rules ( gov]nance = ! ,coop]ative2 7ii7 make =mative bus9ess decisions on behalf ( ! ,coop]ative2 & 7iii7 assi/ 9 ! =mation (1 & ! provision ( tasks & assignm5ts to1 ! ,corporation4 7,c7 ,/&+ memb] ,! memb] appo9t$ "u subp>agraph 7,a77v7 %all rema9 on ! ,coop]ative ,bo>d & ,corporation ,bo>d1 until su* "t z-- 7i7 ! memb] volunt>ily resigns2 or 7ii7 a majority ( ! memb]s ( ! ,coop]ative ,bo>d & a majority ( ! memb]s ( ! ,corporation ,bo>d vote to remove ! memb] f ! ,coop]ative ,bo>d & ! ,corporation ,bo>d4 7,d7 ,t]m9ation ,! ,initial ,bo>d ( ,directors %all t]m9ate on ! date on :i* ! initial memb]s ( ! ,coop]ative ,bo>d are appo9t$ "u p>agraph 7#b74 7#b7 ,bo>d ( directors 7,a7 ,9 g5]al ,! ,bo>d ( ,directors ( ! ,coop]ative %all comprise n9e memb]s1 to be select$ 9 accordance ) ! bylaws ( ! ,coop]ative e/abli%$ "u p>agraph 7#a77;,b77i71 ( :om-- 7i7 five memb]s %all be consum] memb]s2 7ii7 two memb]s %all be suppli] memb]s2 7iii7 "o memb] %all repres5t an advocacy gr\p = def5se contractors1 o!r r>e-e>? consum]s1 & suppli]s :o are n repres5t$ by ! ,bo>d or ?r\gh direct own]%ip 9 ! ,coop]ative2 & 7iv7 "o memb] %all be ! memb] ( ! ,initial ,bo>d ( ,directors appo9t$ "u p>agraph 7#a77;,a77v74 7,b7 ,p[]s ,! ,coop]ative ,bo>d may-- 7i7 prescribe ! mann] 9 :i* bus9ess %all be conduct$ by ! ,coop]ative2 7ii7 det]m9e pay-out ratio =mulas = consum] memb]s & suppli] memb]s1 bas$ on-- 7,i7 ! capital /ock ratios ( consum] memb]s2 & 7,,ii7 ! value ( supply memb] contracts1 z det]m9$ bas$ on ! volume1 t]m1 & di/ributions ( r>e-e>? conc5trates relative to process+ co/s2 & 7iii7 evaluate te*nologies & processes = ! effici5t extraction & ref9+ ( r>e-e>? mat]ials f v>i\s ?orium-be>+ ores4 7,c7 ,ref9]y & (fice locations ,! ,coop]ative ,bo>d %all e/abli% ! ref9]y & (fices = ! ,coop]ative at any locations det]m9$ to be appropriate by ! ,coop]ative ,bo>d4 7c7 ,p[]s2 duties 7#a7 ,inve/m5t p>tn]%ips ,! ,coop]ative %all seek to ent] into dome/ic & int]national inve/m5t p>tn]%ips = ! developm5t ( ! ref9]y4 7#b7 ,agreem5ts2 direct sales ,! ,coop]ative may-- 7,a7 ent] into equity1 f9ancial1 & supply-bas$ agreem5ts or arrangem5ts ) value-add$ int]m$i>ies1 equipm5t manufactur]s1 or consum]s ( r>e-e>? products1 & ,f$]al1 ,/ate1 or local ag5cies to provide economic inc5tives1 leases1 or public f9anc+2 & 7,b7 engage 9 direct m>ket sales ( r>e-e>? products4 7#c7 ,supply contracts & toll+ s]vices 7,a7 ,9 g5]al ,! ,coop]ative may-- 7i7 directly pur*ase r>e-e>? mat]ials obta9$ f any byproduct produc]s ( r>e-e>?s2 7ii7 transport ^? mat]ials z unprocess$ & unref9$ ores1 9 accordance ) "p #dj ( title #aj1 ,code ( ,f$]al ,regulations 7p>ts #ab-ac;b1 or any correspond+ simil> regulation or rul+72 7iii7 (f] non-memb] suppli] %ort-t]m or direct pur*ase contracts2 & 7iv7 all[ prim>y r>e-e>? produc]s to be toll+ cu/om]s ( ! ,coop]ative4 7,b7 ,requirem5ts ,a toll+ cu/om] "u subp>agraph 7,a77iii7 %all-- 7i7 reta9 control ( ! r>e-e>? products dur+ ! process+1 ref9+1 or value add+ ( ! r>e-e>? products by ! ,coop]ative2 & 7ii7 take possession ( ! r>e-e>? products aft]-- 7,i7 toll+ s]vices are r5d]$ by ! ,coop]ative2 & 7,,ii7 ! ,coop]ative has receiv$ paym5t 9 full = ! toll+ s]vices r5d]$4 7,c7 ,fee ,! ,coop]ative may *>ge toll+ cu/om]s "u subp>agraph 7,a77iii7 a toll+ fee n to exce$ ! sum (-- 7i7 ! am\nt equal to #aaj p]c5t ( ! total co/ = toll+ s]vices r5d]$ by ! ,coop]ative on behalf ( ! toll+ cu/om]2 & 7ii7 ! am\nt equal to five p]c5t ( ! m>ket value ( ! f9i%$ product provid$ to ! toll+ cu/om] by ! ,coop]ative4 7,d7 ,applicable law ,any contract among consum] memb]s1 suppli] memb]s1 toll+ cu/om]s1 & direct pur*ase suppli]s ent]$ into "u subp>agraph 7,a77iii7 %all be protect$ z provid$ 9 subsection #eeb7;b77#d7 ( title #e1 ,unit$ ,/ates ,code4 7,e7 ,limitations ,a direct pur*ase non-memb] suppli] "u subp>agraph 7,a77ii7 or a toll+ cu/om] "u subp>agraph 7,a77iii7-- 7i7 %all n be consid]$ to be a suppli] memb] or o!rwise be consid]$ a memb] ( ! ,coop]ative = purposes ( ?is ,act2 & 7ii7 %all n p>ticipate 9 ,coop]ative pr(its or h vot+ rights ) respect to ! ,coop]ative4 7d7 ,audits 7#a7 ,9 g5]al ,! ,coop]ative %all reta9 an indep5d5t auditor to evaluate ! ext5t to :i* ,f$]al funds1 if any1 made available to ! ,coop]ative = rese>* & developm5t activities h be5 exp5d$ 9 a mann] t is consi/5t ) ! purposes ( ?is ,act & ! *>t]1 bylaws1 & rules ( gov]nance ( ! ,coop]ative4 7#b7 ,reports ,! auditor reta9$ "u p>agraph 7#a7 %all submit to ! ,secret>y ( ,def5se1 ! ,coop]ative1 & ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates an annual report conta9+ ! f9d+s & det]m9ations ( ! auditor4 7#c7 ,review by comptroll] g5]al ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all-- 7,a7 review ea* annual report submitt$ to ! ,comptroll] ,g5]al by ! auditor "u p>agraph 7#b72 & 7,b7 submit to ! ,committee on ,arm$ ,s]vices ( ! ,s5ate & ! ,committee on ,arm$ ,s]vices ( ! ,h\se ( ,repres5tatives a report conta9+ ! comm5ts ( ! ,comptroll] ,g5]al on ! accuracy & complet5ess ( ! report & any o!r matt]s relat+ to ! report t ! ,comptroll] ,g5]al consid]s appropriate4 7e7 ,reimbursem5t ( ,f$]al ,gov]nm5t ,n lat] ?an sev5 ye>s foll[+ ! date ( ! enactm5t ( ?is ,act1 ! ,coop]ative %all reimburse ! ,f$]al ,gov]nm5t = adm9i/rative co/s associat$ ) ! e/abli%m5t ( its *>t]4 #e4 ,?orium ,/orage1 ,en]gy1 & ,indu/rial ,products ,corporation 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,z soon z practicable aft] ! date ( ! enactm5t ( ?is ,act1 ! ,coop]ative ,bo>d1 9 consultation ) ! ,secret>y ( ,def5se1 %all e/abli% ! ,?orium ,/orage1 ,en]gy1 & ,indu/rial ,products ,corporation to develop uses & m>kets = ?orium1 includ+ en]gy4 7#b7 ,f$]al *>t] ,! ,corporation %all op]ate "u a ,f$]al *>t]4 7b7 ,managem5t 7#a7 ,bo>d ( directors 7,a7 ,9 g5]al ,! ,bo>d ( ,directors ( ! ,corporation %all comprise five memb]s4 7,b7 ,initial memb]s ,! initial memb]s ( ! ,corporation ,bo>d %all consi/ ( ! foll[+ memb]s1 to be appo9t$ by ! ,secret>y ( ,def5se3 7i7 "o memb]1 :o %all repres5t ! ,assi/ant ,secret>y ( ,def5se = ,rese>* & ,eng9e]+2 7ii7 a ,j-#g :o w repres5t ! ,director ( ! ,jo9t ,*iefs ( ,/aff2 7iii7 "o memb]1 :o %all repres5t ,unit$ ,/ates advocacy gr\ps = comm]cial developm5t ( ?orium 9 nucle> en]gy sy/ems2 7iv7 "o memb]1 :o %all repres5t a national laboratory2 & 7v7 "o memb]1 :o is ! memb] ( ! ,initial ,bo>d ( ,directors appo9t$ "u section #d7;b77#a77;,a77v74 7,c7 ,subsequ5t memb]s ,subject to subp>agraphs 7,a7 & 7,d71 subsequ5t memb]s ( ! ,corporation ,bo>d & ,executive ,committee %all be appo9t$ 9 accordance ) bylaws ( ! ,corporation e/abli%$ "u p>agraph 7#b77;,b77i74 7,d7 ,/&+ memb]s ,! initial memb]s appo9t$ "u clauses 7iv7 & 7v7 ( subp>agraph 7,b7 %all rema9 on ! ,corporation ,bo>d & ! ,executive ,committee1 until su* "t z-- 7i7 ! memb]s volunt>ily resign2 7ii7 9 ! case ( a memb] appo9t$ "u subp>agraph 7,b77iv71 a majority ( ! memb]s ( ! ,corporation ,bo>d votes to remove ! memb] f ! ,corporation ,bo>d2 or 7iii7 9 ! case ( a memb] appo9t$ "u subp>agraph 7,b77v71 a majority ( ! memb]s ( ! ,corporation ,bo>d votes to remove ! memb] f ! ,corporation ,bo>d & ! ,coop]ative ,bo>d4 7#b7 ,executive committee 7,a7 ,9 g5]al ,! ,executive ,committee = ! ,corporation %all comprise ! initial memb]s ( ! ,corporation ,bo>d appo9t$ "u clauses 7iv7 & 7v7 ( p>agraph 7#a77;,b74 7,b7 ,duties ,! ,executive ,committee %all-- 7i7 e/abli% ! *>t]1 bylaws1 rules ( gov]nance1 & corporate /ructure = ! ,corporation2 & 7ii7 make =mative bus9ess decisions ) respect to ! ,corporation4 7c7 ,p[]s 7#a7 ,e/abli%m5t ( subsequ5t entities 7,a7 ,9 g5]al ,! ,corporation may e/abli% "o or m entities1 to be kn[n z an ,indu/rial ,products ,corporation = ! c]tification1 lic5s+1 insur+1 & comm]cial developm5t ( all non-en]gy uses = ?orium 7includ+ ?orium isotopes & ?orium daught] elem5ts71 includ+-- 7i7 alloys2 7ii7 cataly/s2 7iii7 m$ical isotopes2 & 7iv7 o!r products4 7,b7 ,au?ority ( entities ,! entities describ$ 9 subp>agraph 7,a7 may-- 7i7 develop /&>ds1 proc$ures1 & protocols = ! approval ( comm]cial & indu/rial applications = ?orium2 7ii7 c>ry out directly ! production & sale ( ?orium-relat$ non-en]gy products2 & 7iii7 sell or lic5se any production or sales rights to ?ird p>ties4 7,c7 ,sale or di/ribution ( indu/rial products corporation2 creation ( bus9esses & p>tn]%ips ,to develop & comm]cialize non-en]gy uses = ?orium1 ! corporation ,bo>d may-- 7i7 create1 sell1 or di/ribute ! equity ( an entity describ$ 9 subp>agraph 7,a72 & 7ii7 e/abli% p>tn]%ips ) ,f$]al ag5cies1 =eign gov]nm5ts1 & private entities relat+ to bus9esses & activities ( ! entity4 7#b7 ,sale or di/ribution ( corporation equity2 creation ( p>tn]%ips ,to develop & comm]cialize ?orium en]gy1 ! ,corporation may sell or di/ribute equity & e/abli% p>tn]%ips ) ! ,unit$ ,/ates1 =eign gov]nm5ts1 & private entities-- 7,a7 to create capital2 7,b7 to develop intellectual prop]ty2 7,c7 to acquire te*nology2 7,d7 to e/abli% bus9ess p>tn]%ips & raw mat]ial supply *a9s2 7,e7 to develop comm]cial ?orium en]gy sy/ems2 7,f7 to develop comm]cial sy/ems = ! r$uction ( sp5t fuel2 7,g7 to develop h>d5$ en]gy sy/ems = ! ,unit$ ,/ates milit>y2 & 7,h7 to develop process heat te*nologies sy/ems = coal-to-liquid fuel sep>ation1 desal9ization1 *emical syn!sis1 & o!r applications4 7d7 ,duties 7#a7 ,own]%ip ( ?orium & relat$ act9ides ,! ,corporation %all-- 7,a7 on a preprocess+ basis1 assume liability = & own]%ip ( all ?orium & m9]alogically associat$ or relat$ act9ides & decay products conta9$ )9 ! monazite & o!r r>e-e>? m9]alizations 9 ! possession ( ! coop]ative2 7,b7 sep>ate ! ?orium f ! r>e-e>? conc5trates1 take physical possession & safely /ore all ?orium-conta9+ act9ide byproducts1 ) ! co/s ( ! /orage to be paid by ! ,corporation f fees *>g$ or rev5ue f sales ( o!r valuable act9ides & decay products1 & ?us aft]-- 7i7 develop new m>kets & uses = ?orium2 7ii7 develop en]gy sy/ems t utilize ?orium2 & 7iii7 develop1 manage1 & control national & int]national en]gy leas+ & di/ribution plat=ms relat$ to ?orium en]gy sy/ems4 7#b7 ,safe1 long-t]m /orage2 developm5t ( uses & m>kets ,! ,corporation %all-- 7,a7 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ! ,secret>y ( ,en]gy1 be responsible = ! safe1 long-t]m /orage ( all ?orium & ?orium decay products g5]at$ ?r\gh ! ,coop]ative1 consi/5t ) "p #aib ( title #dj1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( ! enactm5t ( ?is ,act71 :ile tak+ into acc\nt ! l[ relative risks relat+ to ?orium2 & 7,b7 develop uses & m>kets = ?orium1 includ+ en]gy1 by coord9at+ & /ructur+ dome/ic & int]national inve/m5t p>tn]%ips = ! developm5t ( comm]cial & indu/rial uses = ?orium4 7e7 ,audits 7#a7 ,9 g5]al ,! ,corporation %all reta9 an indep5d5t auditor to evaluate ! ext5t to :i* ,f$]al funds1 if any1 made available to ! ,corporation = rese>* & developm5t activities h be5 exp5d$ 9 a mann] t is consi/5t ) ! purposes ( ?is ,act & ! *>t]1 bylaws1 & rules ( gov]nance ( ! ,corporation4 7#b7 ,reports ,! auditor reta9$ "u p>agraph 7#a7 %all submit to ! ,secret>y ( ,def5se1 ! ,corporation1 & ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates an annual report conta9+ ! f9d+s & det]m9ations ( ! auditor4 7#c7 ,review by comptroll] g5]al ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all-- 7,a7 review ea* annual report submitt$ to ! ,comptroll] ,g5]al by ! auditor "u p>agraph 7#b72 & 7,b7 submit to ! ,committee on ,arm$ ,s]vices ( ! ,s5ate & ! ,committee on ,arm$ ,s]vices ( ! ,h\se ( ,repres5tatives a report conta9+ ! comm5ts ( ! ,comptroll] ,g5]al on ! accuracy & complet5ess ( ! report & any o!r matt]s relat+ to ! report t ! ,comptroll] ,g5]al consid]s appropriate4 7f7 ,reimbursem5t ( ,f$]al ,gov]nm5t ,n lat] ?an sev5 ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,corporation %all reimburse ! ,f$]al ,gov]nm5t = ! adm9i/rative co/s associat$ ) ! e/abli%m5t ( its *>t]4 #f4 ,duties ( ,secret>y ( ,def5se 7a7 ,advancem5t ( r>e-,e>? initiatives ,! ,secret>y %all coord9ate ) o!r ,f$]al ag5cies to advance & protect-- 7#a7 dome/ic r>e-e>? m9+2 7#b7 ! ref9+ ( r>e-e>? elem5ts2 7#c7 basic r>e-e>? metals production2 & 7#d7 ! developm5t & comm]cialization ( ?orium1 includ+-- 7,a7 en]gy te*nologies & products2 & 7,b7 products conta9+ ?orium4 7b7 ,annual reports ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,secret>y %all submit to ,congress a report t1 = ! p]iod cov]$ by ! report-- 7#a7 conta9s a description ( ! progress 9 ! developm5t (-- 7,a7 a dome/ic r>e-e>? ref9+ capacity2 & 7,b7 comm]cial uses & en]gy-relat$ uses = ?orium2 & 7#b7 takes into acc\nt ea* report submitt$ to ! ,secret>y by ! ,coop]ative & ! ,corporation4 7c7 ,f$]al ag5cies2 national laboratories ,ea* ,f$]al ag5cy 7includ+ ! ,nucle> ,regulatory ,commission & ! ,def5se ,advanc$ ,rese>* ,projects ,ag5cy71 ea* national laboratory1 & ea* facility fund$ by ! ,f$]al ,gov]nm5t %all provide assi/ance to ! ,coop]ative & ! ,corporation "u ?is ,act4 7d7 ,in/itutions ( high] education ,ea* in/itution ( high] education is enc\rag$-- 7#a7 to develop tra9+ & national exp]tise 9 ! field ( ?orium developm5t2 & 7#b7 to promote-- 7,a7 ! m>ket+ ( ?orium2 7,b7 ! advancem5t ( ! /rategic uses ( ?orium2 & 7,c7 salt *emi/ry sci5ce & radio *emi/s4 #g4 ,am5dm5t to #aj ,u4,s4,c4 #becc;b1 requir+ only ,u4,s4 or ,,nato memb] nation r>e e>? mat]ials 9 ,u4,s4 weapon sy/ems 7a7 #aj ,u4,s4,c4 #becc;b7a7 ,requirem5t ,%all be am5d$ to add ! foll[+ provision3 7#c7 ,beg9n+ ,janu>y #a1 #bjbj1 all pur*as$ or procur$ weapon sy/ems mu/ conta9 only ,u4,s4 or ,,nato memb] nation produc$ & s\rc$ r>e e>? mat]ials1 metals1 magnets1 p>ts1 &_/or compon5ts4 ,! inclusion ( any r>e e>? mat]ials t orig9ate or pass ?r\gh a non-,,nato memb] nation is prohibit$4 ,no waiv]s %all be grant$ unless ! lead contractor seek+ a waiv] c demon/rate t x has pursu$ all possible corrective actions1 includ+ direct inve/m5t into ! supply *a944