Strengthening American Nuclear Competitiveness Act
This act aims to enhance the competitiveness of the American civilian nuclear industry, potentially leading to the development of new energy technologies and job creation. It expedites the export of certain nuclear technologies and facilitates foreign investment in domestic nuclear projects, which could impact energy supply stability and national energy security.
Key points
Expediting the export of low-proliferation-risk nuclear technologies to select countries, potentially increasing trade revenue and strengthening the U.S. global market position.
Facilitating investments by foreign allies (e.g., G7 countries) in U.S. domestic nuclear projects, which could bring new funding sources and accelerate nuclear energy development.
Assessing and streamlining regulations for non-electric nuclear energy applications (e.g., hydrogen production, water desalination), opening new industrial opportunities and potentially reducing costs across various sectors.
Evaluating and advancing manufacturing and construction methods for nuclear energy projects, which could contribute to cost reduction and faster project completion.
Expired
Additional Information
Print number: 117_HR_1748
Sponsor: Rep. Johnson, Bill [R-OH-6]
Process start date: 2021-03-10