Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021

12/30/2022, 5:32 PM

Sensible, Timely Relief for America's Nuclear Districts' Economic Development Act of 2021 or the STRANDED Act of 2021

This bill provides resources to communities affected by stranded nuclear waste. The bill defines stranded nuclear waste as nuclear waste or spent nuclear fuel stored in dry casks or spent fuel pools at the site of an eligible civilian nuclear power plant.

Specifically, the bill provides a first-time homebuyer tax credit for homeownership in nuclear affected communities.

In addition, the bill directs the Economic Development Administration to establish a competitive prize competition to award prizes to affected communities for proposals to carry out alternatives to nuclear facilities, generating sites, and waste sites.

The bill also provides grants to nuclear-affected communities to (1) offset the economic and social impacts of stranded nuclear waste on such communities, and (2) support such communities that are facing decreased tax revenues or assessed valuation as a result of decommissioning a civilian nuclear power plant.

Bill 117 hr 3731, also known as the Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021, aims to provide economic relief to communities that have been impacted by the closure of nuclear power plants. The bill recognizes that these closures can have a significant negative impact on local economies, leading to job losses and decreased tax revenue.

The bill proposes several measures to help these communities recover and thrive. It includes funding for economic development projects, job training programs, and infrastructure improvements. Additionally, the bill seeks to streamline the process for decommissioning nuclear power plants, making it easier for communities to repurpose these sites for other uses.

Overall, the Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021 is designed to provide much-needed support to communities that have been affected by the closure of nuclear power plants. By investing in economic development and job training programs, the bill aims to help these communities recover and build a more sustainable future.
Congress
117

Number
HR - 3731

Introduced on
2021-06-04

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/4/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Sensible, Timely Relief for America's Nuclear Districts' Economic Development Act of 2021 or the STRANDED Act of 2021

This bill provides resources to communities affected by stranded nuclear waste. The bill defines stranded nuclear waste as nuclear waste or spent nuclear fuel stored in dry casks or spent fuel pools at the site of an eligible civilian nuclear power plant.

Specifically, the bill provides a first-time homebuyer tax credit for homeownership in nuclear affected communities.

In addition, the bill directs the Economic Development Administration to establish a competitive prize competition to award prizes to affected communities for proposals to carry out alternatives to nuclear facilities, generating sites, and waste sites.

The bill also provides grants to nuclear-affected communities to (1) offset the economic and social impacts of stranded nuclear waste on such communities, and (2) support such communities that are facing decreased tax revenues or assessed valuation as a result of decommissioning a civilian nuclear power plant.

Bill 117 hr 3731, also known as the Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021, aims to provide economic relief to communities that have been impacted by the closure of nuclear power plants. The bill recognizes that these closures can have a significant negative impact on local economies, leading to job losses and decreased tax revenue.

The bill proposes several measures to help these communities recover and thrive. It includes funding for economic development projects, job training programs, and infrastructure improvements. Additionally, the bill seeks to streamline the process for decommissioning nuclear power plants, making it easier for communities to repurpose these sites for other uses.

Overall, the Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021 is designed to provide much-needed support to communities that have been affected by the closure of nuclear power plants. By investing in economic development and job training programs, the bill aims to help these communities recover and build a more sustainable future.
Alternative Names
Official Title as IntroducedTo assist communities affected by stranded nuclear waste, and for other purposes.

Policy Areas
Energy

Comments

Recent Activity

Latest Summary11/19/2021

Sensible, Timely Relief for America's Nuclear Districts' Economic Development Act of 2021 or the STRANDED Act of 2021

This bill provides resources to communities affected by stranded nuclear waste. The bill defines strande...


Latest Action6/7/2021
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.