; and (2) provide to the appropriate congressional committees a report describing the results of the pilot initiative under paragraph (1). 203. Uranium transfers and sales Section 3112 of the USEC Privatization Act ( 42 U.S.C. 2297h–10 ) is amended— (1) by redesignating subsections (b) through (f) as subsections (d) through (h), respectively; (2) by striking subsection (a) and inserting the following: (a) Definitions In this section: (1) Depleted uranium The term depleted uranium means uranium having an assay less than the assay for— (A) natural uranium; or (B) 0.711 percent of the uranium-235 isotope. (2) Highly enriched uranium The term highly enriched uranium means uranium having an assay of 20 percent or greater of the uranium-235 isotope. (3) Low-enriched uranium The term low-enriched uranium means uranium having an assay greater than 0.711 percent but less than 20 percent of the uranium-235 isotope. (4) Metric ton of uranium The term metric ton of uranium means 1,000 kilograms of uranium. (5) Natural uranium The term natural uranium means uranium having an assay of 0.711 percent of the uranium-235 isotope. (6) Off-spec uranium The term off-spec uranium means uranium in any form, including depleted uranium, highly enriched uranium, low-enriched uranium, natural uranium, UF6, and any byproduct of uranium processing, that does not meet the specification for commercial material (as defined by the standards of the American Society for Testing and Materials). (7) Uranium Other than in subsection (c), the term uranium includes natural uranium, uranium hexafluoride, highly enriched uranium, low-enriched uranium, depleted uranium, and any byproduct of uranium processing. (8) Uranium hexafluoride