§2297d–1. Privatization
(a) Implementation
Subsequent to transmitting a plan for privatization pursuant to section 2297d of this title, and subject to subsections (b) and (c) of this section, the Corporation may implement the privatization plan if the Corporation determines, in consultation with appropriate agencies of the United States, that privatization will-
(1) result in a return to the United States at least equal to the net present value of the Corporation;
(2) not result in the Corporation being owned, controlled, or dominated by an alien, a foreign corporation, or a foreign government;
(3) not be inimical to the health and safety of the public or the common defense and security; and
(4) provide reasonable assurance that adequate enrichment capacity will remain available to meet the domestic electric utility industry.
(b) Requirement of Presidential approval
The Corporation may not implement the privatization plan without the approval of the President.
(c) Notification of Congress and GAO evaluation
The Corporation shall notify the Congress of its intent to implement the privatization plan. Within 30 days of notification, the Comptroller General shall submit a report to Congress evaluating the extent to which-
(1) the privatization plan would result in any ongoing obligation or undue cost to the Federal Government; and
(2) the revenues gained by the Federal Government under the privatization plan would represent at least the net present value of the Corporation.
(d) Period for Congressional review
The Corporation may not implement the privatization plan less than 60 days after notification of the Congress.
(e) Deposit of proceeds
Proceeds from the sale of capital stock of the Corporation under this section shall be deposited in the general fund of the Treasury.
(Aug. 1, 1946, ch. 724, title II, §1502, as added Oct. 24, 1992,
Section Referred to in Other Sections
This section is referred to in sections 2297b–3, 2297c–3, 2297e–1 of this title.