House To Vote On Nuclear Energy Package This Week

This week, the House of Representatives is poised to vote on the bipartisan “Atomic Energy Advancement Act,” a significant step toward modernizing nuclear energy legislation in the United States. 

The bill, formally known as H.R. 6544, was introduced by Representatives Jeff Duncan (R-S.C.) and Diana DeGette (D-Colo.), leading figures in the House Energy and Commerce Subcommittee on Energy. 

It seeks to streamline regulatory processes and promote the development of small, factory-built nuclear reactors. These advancements are viewed as essential for rejuvenating the aging nuclear industry and reducing greenhouse gas emissions.

“This legislation bolsters American nuclear independence to keep the power on for Americans and safeguards national security through energy security,” Duncan said in December.

The legislation proposes a comprehensive update to the US Nuclear Regulatory Commission’s (NRC) mission and staffing, aiming to enhance the efficiency of the nuclear licensing framework. It introduces measures to retain and attract skilled professionals through pay incentives and structural reforms, alongside mandating a Government Accountability Office report on the NRC’s progress in implementing these changes.

Furthermore, H.R. 6544 addresses the need for the United States to remain competitive in the burgeoning global market for advanced nuclear reactor technologies. It includes provisions to lower application fees for advanced reactors and establishes an innovation prize, underscoring the bill’s forward-looking approach to nuclear energy development.


Information for this story was found via E&E News, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Japanese Power Stocks Rally After Gov’t Reopens Nuclear Discussion

Many Japanese power companies spiked on Monday following Prime Minister Fumio Kishida’s announcement that the...

Monday, April 11, 2022, 02:56:00 PM

Germany Will Have No Choice But To Allow Russian Uranium Shipment

The German government’s hands are tied and it has no choice but to permit the...

Wednesday, September 14, 2022, 12:51:00 PM

Biden Administration to Fund $1.5 Billion for Revival of Michigan’s Palisades Nuclear Plant

The Biden administration is set to offer a $1.5 billion loan to Holtec International Corp,...

Wednesday, January 31, 2024, 03:04:00 PM

US Dept of Energy Looks to Produce More Uranium for Cutting-Edge Nuclear Reactors

The US government is looking to advance the country’s nuclear power capabilities, and with that...

Friday, January 14, 2022, 04:39:00 PM

US Invests $2.8 Billion in Nuclear Power Resurgence

The Biden administration yesterday announced plans to restart decommissioned nuclear reactors and invest in new...

Tuesday, October 8, 2024, 11:43:00 AM