Detailed Summary

International Nuclear Fuel for Peace and Nonproliferation Act of 2007 - States that it is U.S. policy to support the establishment of an international regime for the assured supply of nuclear fuel for peaceful means under multilateral authority, such as the International Atomic Energy Agency (IAEA).

Authorizes the President to make grant basis contributions to the IAEA for an international nuclear fuel bank to maintain a low-enriched uranium reserve of reactor fuel for eligible countries. Requires the President, prior to making such contributions, to certify to the House Committee on Foreign Affairs and the Senate Committee on Foreign Relations that: (1) the IAEA has received specified monetary pledges for the international nuclear fuel bank; (2) the bank will be established in a non-nuclear weapon state under IAEA oversight; and (3) the bank will provide nuclear reactor fuel only to a country that is in full compliance with IAEA and other safeguards, agrees to use the nuclear reactor fuel in accordance with IAEA safeguards, does not operate uranium enrichment or spent-fuel reprocessing facilities, and is not a state sponsor of terrorism.

Status of the Legislation

Latest Major Action: 6/26/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Foreign Relations.

Points in Favor

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Points Against

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