What is the official ID of this bill?
The official print number for this legislation is S 1290.
Support for Nuclear Waste Communities: Economic Development and Financial Aid.
This act aims to support communities affected by nuclear waste storage, which often face job losses and tax revenue declines after power plant closures. It establishes innovation competitions, a task force, and grants to help these communities achieve economic development and mitigate negative impacts. Citizens in these areas can expect new development opportunities and financial assistance.
Key points
Innovation Prize Competition: Communities can submit proposals for alternative uses of former nuclear sites, with a chance to win $500,000 and project implementation support.
Stranded Nuclear Waste Task Force: A team will be established to study available resources and develop economic adjustment plans for affected communities.
Economic Impact Grants: Local governments will receive financial assistance of $15 per kilogram of stored spent nuclear fuel to offset economic and social impacts.
Funding: The program is authorized to receive $175 million annually from fiscal years 2022 through 2026.
Status:
Expired
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