Energy and Water Development and Related Agencies Appropriations Act, 2015
Floor Speech
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Mr. SIMPSON. Mr. Chairman, I support the gen tle lady's amendment.
For years, our subcommittee has criticized the Department of Energy's use of its uranium transfer authorities. The Department's reliance on its uranium transfers to generate funds for cleanup has inappropriately circumvented the appropriations process, has adversely impacted our domestic uranium mining and conversion industry, and is now creating instability of funding at Portsmouth as the market price of uranium continues to drop.
The amendment restates current law but sends a message to the Department that it must cease relying on these off-budget measures, and I am pleased to support the gentlewoman's amendment and thank her for it.
I yield back the balance of my time.
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Mr. SIMPSON. Mr. Chairman, I rise to oppose this amendment.
The Financial Services Appropriations bill has carried language for years which prohibits funding for any Federal Government contract with foreign incorporated entities which are treated as inverted domestic corporations. This language has been carried annually in the government-wide General Provisions section of the Financial Services Appropriations bill since approximately 2005 and is requested annually by the current administration.
The changes which this amendment would propose to make could have significant consequences and really should be handled by the proper tax committees.
I urge my colleagues to oppose this amendment, and I yield back the balance of my time.
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