Nuclear power facilities that use uranium from China, Russia, North Korea or Iran will lose access to federal tax credits under legislation passed by Congress and awaiting President Donald Trump’s signature, as lawmakers move to reduce U.S. dependence on energy supplies from adversarial nations.
The “One Big Beautiful Bill Act,” which the House sent to Trump’s desk Thursday and he is scheduled to sign today, preserves billions in nuclear energy subsidies while imposing new restrictions on uranium sourcing — a contrast to the legislation’s cuts to wind and solar incentives.
Nuclear facilities can continue claiming up to $15 per megawatt-hour in production tax credits through 2031, but only if they avoid uranium from the four “covered nations.” Advanced nuclear projects that begin construction by 2029 remain eligible for additional clean energy credits.
Sponsored · Selkirk Copper Mines
The restrictions address longstanding concerns about US reliance on Russian uranium supplies. Much of the specialized fuel needed for next-generation reactors has historically come from Russia, creating supply chain vulnerabilities that lawmakers from both parties have sought to address.
Congress banned Russian uranium imports after 2028 in previous legislation and allocated $700 million through the Inflation Reduction Act to support expanded US uranium production capacity. The new law builds on those efforts by using tax policy to incentivize supply chain diversification.
The Congressional Budget Office estimates the legislation will add $2.4 to $2.8 trillion to the national debt over 10 years while extending Trump-era tax cuts and eliminating taxes on tips and overtime pay.
Information for this story was found via 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.
