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Support for Small Businesses in Nuclear Reactor Development

This act aims to assist small businesses involved in advanced nuclear reactor development by delaying licensing fees. This provides these companies with more time to secure funding, potentially accelerating energy innovation and impacting future energy sources for citizens.
Key points
Up to 50% of pre-application fees for small nuclear businesses can be delayed.
Up to 35% of fees during construction or operating license processes can be delayed.
Delayed fees will be collected in installments after license issuance or if applications are not submitted/denied.
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Additional Information
Print number: 117_HR_9045
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2022-09-29