Hello, Beau2013. You can't find it because you're in the wrong forum. This one is for Photoshop Elements and Premiere Elements has its own forum. I'll move this for you.
Place the WorkAreaBar over your clip
Export your clip with Share WorkBarArea Only checked.
If the clip is SD use DV-avi.
If the clip is HD use mp4 H264 1920x1080.
Now you can import the clip for each new project.
OMG. Thank you Ann. I only saw the first three choices under share to file on computer (Flash, MPG, AVCHD). I didn't see there were others hiding down the scroll list, including AVI.
The scroll bars, that reveal additional options, are not that evident, and too easy to miss.
This happend to me also.
Glad you got it working