WASHINGTON, D.C. — Today, U.S. Senator John Barrasso (R-WY), chairman of the Senate Committee on Environment and Public Works (EPW), joined with Sens. Sheldon Whitehouse (D-RI), Jim Inhofe (R-OK), Cory Booker (D-NJ), Mike Crapo (R-ID), Deb Fischer (R-NE), Shelley Moore Capito (R-WV), and Joe Manchin (D-WV) in introducing S. 512, the Nuclear Energy Innovation and Modernization Act (NEIMA).
S. 512 will promote innovation in the nuclear sector by enabling processes for licensing new reactors.
This legislation will modernize the Nuclear Regulatory Commission (NRC) by establishing new transparency and accountability measures to the commission’s budget and fee programs. The bill will develop the regulatory framework necessary to enable the licensing of advanced nuclear reactors.
Additionally, the Act will improve the efficiency of uranium regulation. Finally, it will bring transparency and accountability to the process by which the Department of Energy (DOE) disposes of the American public’s stockpile of excess uranium.
“American nuclear energy has provided affordable, safe, and reliable power for decades,” Barrasso said. “The commission needs a modern regulatory framework that is predictable and efficient. Advancements in nuclear energy development will create jobs, lower costs, and contribute to America’s energy security."
“Using more clean nuclear energy must be part of any forward-looking domestic energy portfolio,” Crapo said. “This bipartisan measure is important to Idaho because it will help ensure that the work being done at Idaho’s National Lab will have a path through the Nuclear Regulatory Commission and on to the commercial market. NEIMA pushes the commission to modernize so that it has the ability to license advanced reactors in a safe, timely, and transparent manner. It will also bring more openness and accountability to the NRC’s budget and fees, which will help stakeholders in-and-out of government better understand what the agency is doing with its resources.”
To view full text of the legislation, click here.
Barrasso's home state of Wyoming has the largest known uranium reserves in the nation.