On the recordNovember 7, 2017
Mr. Speaker, I thank the gentleman from Arizona. Mr. Speaker, we have been entreated to claims of collusion with our government, people high in our government with Russia for over a year now; since the last election happening this very day a year ago, we have been entreated to this. So I thought I would bring some sense to this confusion about what we know as the Uranium One deal. Even I didn't know a whole lot about it, so I did a little research to understand the timeline and what exactly happened here. I want to talk to you about that this evening. On June 8 of 2010, the Russian State Atomic Energy Corporation, also known as Rosatom--the Russian state, not some private organization. It belongs to Vladimir Putin. Make no mistake about it--announced plans to purchase a 51.4 percent stake in the Canadian company Uranium One. Now, why do we care? Well, we care because this announcement had significant strategic implications for the United States since Uranium One's international assets included 20 percent of the United States' uranium reserves. Now, due to uranium status as a strategic commodity, the $1.3 billion deal was subject to the approval of the Committee on Foreign Investment in the United States, known as CFIUS; CFIUS, the Committee on Foreign Investment in the United States. And they care because uranium is important. Do you know why? We make nuclear bombs out of it--that is why it is important--and so do other countries.…





