
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC2297h-9]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
          CHAPTER 23--DEVELOPMENT AND CONTROL OF ATOMIC ENERGY
 
            Division B--United States Enrichment Corporation
 
   SUBCHAPTER VIII--UNITED STATES ENRICHMENT CORPORATION PRIVATIZATION
 
Sec. 2297h-9. Ownership limitations


(a) Securities limitations

    No director, officer, or employee of the Corporation may acquire any 
securities, or any rights to acquire any securities of the private 
corporation on terms more favorable than those offered to the general 
public--
        (1) in a public offering designed to transfer ownership of the 
    Corporation to private investors,
        (2) pursuant to any agreement, arrangement, or understanding 
    entered into before the privatization date, or
        (3) before the election of the directors of the private 
    corporation.

(b) Ownership limitation

    Immediately following the consummation of the transaction or series 
of transactions pursuant to which 100 percent of the ownership of the 
Corporation is transferred to private investors, and for a period of 
three years thereafter, no person may acquire, directly or indirectly, 
beneficial ownership of securities representing more than 10 percent of 
the total votes of all outstanding voting securities of the Corporation. 
The foregoing limitation shall not apply to--
        (1) any employee stock ownership plan of the Corporation,
        (2) members of the underwriting syndicate purchasing shares in 
    stabilization transactions in connection with the privatization, or
        (3) in the case of shares beneficially held in the ordinary 
    course of business for others, any commercial bank, broker-dealer, 
    or clearing agency.

(Pub. L. 104-134, title III, Sec. 3111, Apr. 26, 1996, 110 Stat. 1321-
343.)

                          Codification

    Section was enacted as part of the USEC Privatization Act and also 
as part of the Omnibus Consolidated Rescissions and Appropriations Act 
of 1996, and not as part of the Atomic Energy Act of 1954 which 
comprises this chapter.
