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Thursday
May172012

Help block $150 million of taxpayer money for uranium enrichment bailout!

As they have for many years on nuclear loan guarantees, our allies at Taxpayers for Common Sense (TCS) are helping lead the effort to block a last second attempt to bail out the U.S. Enrichment Corporation (USEC) at Piketon, Ohio, to the tune of $150 million in taxpayer funding.

USEC has long sought to fund a new, dangerously designed "American Centrifuge Plant" for uranium enrichment, by obtaining a $2 billion loan guarantee from the U.S. federal government. This current bailout would keep that multi-billion dollar boondoggle on life support.

TCS has assembled a package of background information related to an amendment sponsored by U.S. Representatives Steve Pearce (R-NM) and Ed Markey (D-MA) which would block this nuclear bailout. This includes a TCS web post, a coalition letter of environmental and fiscal conservative groups supporting the Pearce-Markey Amendment, background information on uranium enrichment loan guarantees, including a fact sheet, and an article warning that these bailouts could turn into another Solyndra-like scandal for taxpayers.

Please urge your U.S. Representative to vote yes, in favor of the Pearce-Markey Amendement, Amendement No. 195 to the National Defense Authorization Act. Phone your U.S. Representative right away, as this vote could take place at any time now. Reach them via the U.S. Capitol Switchboard, (202) 224-3121. If you don't know who your U.S. Representative is, look them up.