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Lower Fees for Nuclear Reactors: Supporting New Energy Technologies.

This act aims to reduce regulatory costs for companies developing advanced nuclear reactors. This could make the licensing process for new energy technologies cheaper and faster, potentially accelerating the development of clean energy and impacting future electricity supply stability.
Key points
Reduced fees for companies applying for licenses for advanced nuclear reactors.
Exclusion of certain administrative costs from fees charged to applicants and pre-applicants.
Changes take effect on October 1, 2024, with some provisions expiring on September 30, 2029.
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Additional Information
Print number: 118_HR_6326
Sponsor: Rep. Bucshon, Larry [R-IN-8]
Process start date: 2023-11-09