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Support for Small Businesses in Nuclear Reactor Development: Licensing Fee Deferral

This act aims to support small businesses developing advanced nuclear reactors. It allows them to defer payment of certain licensing fees, potentially reducing initial financial burdens. This could foster innovation in nuclear energy, potentially impacting future energy availability.
Key points
Small businesses involved in advanced nuclear reactors can defer up to 50% of pre-application fees and up to 35% of post-application fees.
Deferred fees will be collected in installments after license issuance or if the project fails, providing financial flexibility.
The act seeks to accelerate research and development of new nuclear technologies, potentially contributing to energy security and job creation.
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Additional Information
Print number: 118_HR_1007
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2023-02-14