ACCF Applauds Establishment of U.S. Nuclear Fuel Working Group

The ACCF joined business community leaders, former public officials, and members of the foreign policy and national security communities in applauding President Trump’s establishment of the United States Nuclear Fuel Working Group.

A letter sent to Robert O’Brien, Assistant to the President for National Security Affairs and Lawrence Kudlow, Assistant to the President for Economic Policy and Director of the National Economic Council describes the pressing need to “restore and revitalize America’s domestic nuclear fuel production capabilities that are needed for national security purposes. The most straightforward way to accomplish this goal is to resume production of enriched uranium for national security missions – which would necessarily restart the entire domestic supply chain. The Departments of Energy and Defense should work together to identify short and long-term national security requirements for enriched uranium, and then engage the private sector on a competitive basis to mine, convert, and enrich uranium for those missions.”

The letter also states the commercial potential of domestic uranium enrichment, “While national security requirements represent only a fraction of the overall market, they could provide a stable foundation upon which the industry could rebuild itself. An industrial base built for defense purposes can, and often does, grow and expand to meet commercial needs.”

“If the United States expects to meet its long-term national security and energy security requirements, and to maintain a strong role in global nonproliferation efforts, we cannot allow our nuclear fuel supply chain to continue to atrophy. It is time to get back in the game and start producing again.”

Signatories on the letter include ACCF President and CEO Mark Bloomfield, former U.S. Secretary of Defense Chuck Hagel, former U.S. Secretary of Homeland Security Tom Ridge, and National Association of Manufacturers President and CEO Jay Timmons.

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Mark A. Bloomfield
For more than four decades, Mark has been a leading advocate in Washington for pro-growth approaches to U.S. economic policy, in particular, tax, energy, environmental, regulatory, and trade issues. He has appeared on numerous TV networks and major news outlets and serves as a regular contributor for Wall Street Journal’s Think Tank and The Hill newspaper. Mark also hosts the renowned ACCF Economic Policy Evenings — monthly intimate dinner gatherings of Members of Congress, journalists, and business leaders to discuss politics and economic policy in an off-the-record, no holds-barred setting setting that has been called “Washington’s Last Salon.” Mark has testified before the U.S. Congress, corporate boards, and civic groups. He has also contributed to six books on tax and economic policy.