Energy And Water Development And Related Agencies Appropriations Act, 2010

Floor Speech

Energy And Water Development And Related Agencies Appropriations Act, 2010

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Mrs. SCHMIDT. I just want to add that USEC also plays a critical role in our national defense and energy security. USEC's ACP project uses U.S.-owned and developed technology. Under U.S. law and international agreements, only uranium fuel that is of U.S. origin and produced using U.S. technology can be used to meet our defense needs. Our Nation's national security alone is enough of a reason for the Department of Energy to issue USEC a loan guarantee at reasonable terms and conditions.

I just want to appreciate everyone's comments here. We are also talking about 8,000 good-paying jobs in Ohio, Tennessee, and other States. If we are serious about stimulating the economy, this is a great place, because these projects are truly "shovel ready.''

The Department of Energy must finish its review and issue a conditional commitment with reasonable terms and conditions by the end of this month. If it doesn't, we can expect to see layoffs beginning in early August.

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