FACT SHEET - Foreign Companies to Benefit from U.S. Taxpayer Nuclear Loan Guarantees

In July 2007, the Nuclear Energy Institute informed congressional appropriators that $50 billion in taxpayer funded loan guarantees are needed to jump-start the construction of nuclear power plants. The U.S. Chamber of Commerce, however, recently told the Department of Energy that such a loan guarantee program would create "an apparent advantaging of foreign commercial technologies over domestic technologies." The major beneficiaries of these U.S.100% taxpayer backed loans are major foreign corporations located primarily in France and Japan.

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