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Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021
12/30/2022, 5:32 PM
Summary of Bill HR 3731
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.
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.
Congressional Summary of HR 3731
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.
Read the Full Bill
Current Status of Bill HR 3731
Bill HR 3731 is currently in the status of Bill Introduced since June 4, 2021. Bill HR 3731 was introduced during Congress 117 and was introduced to the House on June 4, 2021. Bill HR 3731's most recent activity was Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. as of June 7, 2021
Bipartisan Support of Bill HR 3731
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
14Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3731
Primary Policy Focus
EnergyAlternate Title(s) of Bill HR 3731
Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021
To assist communities affected by stranded nuclear waste, and for other purposes.
Sensible, Timely Relief for America’s Nuclear Districts’ Economic Development Act of 2021
STRANDED Act of 2021
Comments
Sponsors and Cosponsors of HR 3731
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