H.R.3941 - Assisting Acquisition of Russian Material Act (AARM Act)105th Congress (1997-1998)
Summary: H.R.3941 — 105th Congress (1997-1998)
Introduced in House (05/21/1998)
Assisting Acquisition of Russian Material Act (AARM Act) - Amends the United States Enrichment Corporation Privatization Act regarding uranium transfers and sales to authorize the Secretary of Energy to: (1) purchase and hold any amount of any contract obligation of the United States Executive Agent to acquire Russian highly enriched uranium (HEU) converted to low-enriched uranium under the Russian HEU Agreement; and (2) resell such material according to prescribed guidelines. Confers jurisdiction upon the Federal district courts for violations of such Act without regard to the amount in controversy or the citizenship of the parties.