Nuclear Energy Innovation and Modernization Act

The Nuclear Energy Innovation and Modernization Act, also known as Bill 114 s 2795, is a piece of legislation that aims to modernize and streamline the regulation of nuclear energy in the United States. The bill was introduced in the Senate on May 24, 2018, by Senator John Barrasso.

One of the key provisions of the bill is the establishment of a new regulatory framework for nuclear energy, which aims to improve the efficiency and effectiveness of the regulatory process. This includes requiring the Nuclear Regulatory Commission (NRC) to develop a risk-informed, performance-based regulatory framework for advanced nuclear reactors.

The bill also aims to improve transparency and accountability in the nuclear regulatory process by requiring the NRC to provide regular updates on the status of licensing applications and to establish a process for resolving disputes between the NRC and license applicants. Additionally, the bill includes provisions to support the development of advanced nuclear technologies, such as establishing a pilot program to test new reactor designs and providing financial assistance to support the development of advanced nuclear technologies. Overall, the Nuclear Energy Innovation and Modernization Act seeks to promote the development of advanced nuclear technologies, improve the efficiency of the regulatory process, and ensure the safety and security of nuclear energy in the United States.