Business Association Letter to Congress Opposing HR 1280 (Amends Atomic Energy Act of 1954)

Embed Size (px)

Citation preview

  • 8/6/2019 Business Association Letter to Congress Opposing HR 1280 (Amends Atomic Energy Act of 1954)

    1/2

    May 13, 2011

    The Honorable John Boehner The Honorable Nancy PelosiSpeaker Minority Leader

    United States House of Representatives United States House of Representatives Washington, D.C. 20515 Washington, D.C. 20515

    The Honorable Eric Cantor The Honorable Steny HoyerMajority Leader Minority WhipUnited States House of Representatives United States House of Representatives Washington, D.C. 20515 Washington, D.C. 20515

    The Honorable Kevin McCarthy The Honorable James ClyburnMajority Whip Assistant Minority Leader

    United States House of Representatives United States House of Representatives Washington, D.C. 20515 Washington, D.C. 20515

    Dear Speaker Boehner, Majority Leader Cantor, Majority Whip McCarthy, Minority LeaderPelosi, Minority Whip Hoyer, and Assistant Minority Leader Clyburn:

    On behalf of our member companies, including hundreds of U.S. businesses engaged in thedesign, manufacture and supply of nuclear energy technology, components, fuel, andservices, we respectfully request that you oppose H.R. 1280, which would amend the Atomic

    Energy Act of 1954 to require congressional approval of agreements for peaceful nuclearcooperation with foreign countries, among other significant changes. This legislation wouldeliminate U.S. companies access to important global markets, jeopardizing many thousandsof American jobs and billions of dollars in U.S. exports. Although we support thelegislations stated aim to mitigate nuclear nonproliferation risksH.R. 1280 would havethe unintended effect of reducing U.S. influence in global nuclear nonproliferation and safetymatters.

    The U.S. Department of Commerce estimates the global commercial nuclear opportunity at$500-740 billion over the next decade, and U.S. suppliers are ready to compete and win in

    this market. Our companies offer the world the most advanced commercial nucleartechnologies; the full range of components, equipment, fuel and services; and an industryculture that is second to none in its vigilance over nuclear nonproliferation and safety. Butwithout bilateral agreements for cooperation in peaceful nuclear energy pursuant to Section123 of the Atomic Energy Act, U.S. suppliers will be shut out of key existing and emergingmarkets.Provisions in H.R. 1280 would impose new terms for nuclear cooperation that few, if any,prospective partner countries would accept. In todays competitive global marketplace,

  • 8/6/2019 Business Association Letter to Congress Opposing HR 1280 (Amends Atomic Energy Act of 1954)

    2/2

    countries developing commercial nuclear power have multiple alternatives to U.S. suppliers.If the U.S. insists on conditions for a Section 123 agreement that potential customercountries will not accept, they will partner with non-U.S. supplier nations, which may notplace the same high value on nuclear security, safety, and non-proliferation that the U.S.does. Other supplier nations do not demand in their bilateral agreements the new terms

    required in H.R. 1280.

    The Bill would also encumber congressional approval of Section 123 agreements byreversing the longstanding process for congressional review. The process as laid out in theAtomic Energy Act enables timely approval of agreements that conform to an extensive listof requirements stipulated by Congress, while providing Congress an opportunity to holdhearings and disapprove any agreement it opposes. This Bill would upset the careful balanceand subject important future agreements to uncertainty and delay.

    When U.S. suppliers can engage in global markets under Section 123 agreements, the United

    States maintains its influence over nuclear nonproliferation and safety practices. Long-termU.S. commercial nuclear supply contracts knit partner countries into the U.S. export controlregime, establish reliance upon the U.S. for supply of spare parts, and disseminate U.S.industry practices on safety and nonproliferation for decades to come. Without the Section123 agreement, there are no contracts, no export licensing, no supply relationships, andwaning U.S. influence on global nuclear nonproliferation and nuclear safety matters.

    H.R. 1280 would threaten many thousands of American jobs and billions of dollars in U.S.exports, while significantly reducing U.S. influence in global nuclear safety andnonproliferation matters. On behalf of our member companies, we respectfully request you

    oppose the legislation.

    Sincerely,

    Nuclear Energy Institute

    American Association of

    Exporters and Importers

    American Council for

    Engineering Companies

    Coalition for Employment

    through Exports

    Emergency Committee for

    American Trade

    National Association of

    Manufacturers

    National Council on

    International Trade

    Development

    National Foreign Trade

    Council

    National Mining Association

    U.S. Chamber of Commerce

    U.S.-Bahrain Business Council

    U.S.-China Business Council

    U.S.-India Business Council

    U.S.-Korea Business Council

    U.S. Council for International

    Business