To provide for the transfer to the Secretary of Energy of title to, and full responsibility for the possession, transportation, and disposal of, radioactive waste associated with the West Valley Demonstration Project, and for other purposes.

Transfers to the Secretary of Energy title and full responsibility for the possession, transportation, disposal, stewardship, maintenance, and monitoring, of all radioactive waste at the Western New York Service Center in West Valley, New York, by September 30, 2004.

States that this is in exchange for payment to the United States of all amounts held by the New York State Energy Research and Development Authority for the maintenance of certain radioactive waste solidified under the West Valley Demonstration Project of the West Valley Demonstration Project Act (other than waste disposed of in the State-licensed disposal area).