SMACNA is urging the Senate to show support for S. 512, The Nuclear Energy Innovation and Modernization Act of 2017, introduced by Senators Barrasso joined by Senators Whitehouse, Inhofe, Booker, Crapo, Fischer, Moore-Capito and Manchin as original cosponsors. S. 512 recently passed out of the Environment and Public Works Committee with overwhelming support by a 18-3 demonstrating its strong bipartisan support.
Senators Barrasso, Whitehouse and many of the cosponsors of S. 512 have shown great leadership over the years for the issue of national nuclear energy policy. This legislation’s improved approach to licensing fusion and fission systems would enable the processing of licenses for new advanced nuclear reactors in an industry that provides electricity to millions of people.
S. 512 would also promote transparency within the Nuclear Regulatory Commission (NRC) and step-up the efficiency of uranium regulation and improves the assessment of fuel rod technology. As amended in Committee, S. 512 includes a series of changes to ensure that advanced reactor developers can qualify for federal financial support and to encourage more private investment in research and development of advanced technology. The legislation also directs the NRC to develop a licensing process for advanced nuclear reactors within two years that building upon the existing regulatory framework, and to complete by 2023 a “technology-inclusive licensing framework” for optional use by advanced reactor designers.
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