EPW committee advances nuclear innovation legislation
The Senate Committee on Environment and Public Works (EPW) recently advanced the Nuclear Energy Innovation and Modernization Act ( S. 512), with a vote of 18 to 3.
The bill, introduced by Sen. John Barrasso (R-WY), establishes new transparency and accountability measures to the Nuclear Regulatory Commission’s (NRC) budget and fee programs, and develops regulatory framework for licensing advanced nuclear reactors.
S. 512 would also improve the efficiency of uranium regulation and the transparency and accountability of the process the U.S. Department of Energy uses to dispose of excess uranium.
“The Nuclear Energy Innovation and Modernization Act will promote advancements in the nuclear sector,” Barrasso said. “Our bipartisan nuclear energy legislation will simplify and modernize regulations at the Nuclear Regulatory Commission. Doing so will create jobs, lower energy costs, and allow America to remain a leader in nuclear development. I thank my colleagues for supporting this bill and look forward to passing it on the Senate floor.”
The amendment to the bill adopted by EPW adds incentives for private investments in research and development of advanced nuclear technology and provides support for the licensing process of an advanced technology designed to make nuclear fuel rods safer, Barrasso said.
“This legislation shows how we can work together, across the aisle, to address issues that are important for our country,” Sen. Tom Carper (D-DE), EPW ranking member and cosponsor of the bill, said. “When done responsibly, nuclear power can help combat the negative impacts of climate change on our environment and public health, while also providing economic opportunities for Americans. I want to thank the chairman for including my changes to the bill in the manager’s amendment that help provide more support to advanced nuclear reactors and ensure that the United States is on the cutting edge of nuclear technology. I’m pleased we were able to pass this bipartisan bill out of committee today, and I look forward to help moving this bill through the Senate.”
