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Bipartisan Nuclear Energy Bill Awaits Biden's Signature

Legislation aims to lower energy costs, create jobs, and enhance energy security through advanced nuclear technology.

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Overview

  • The Advanced Nuclear Deployment Act passed both the House and Senate as part of the Fire Grants and Safety Act of 2023.
  • The bill seeks to reduce regulatory barriers and provide certainty for commercial developers of advanced nuclear reactors.
  • Proponents argue the legislation will lower energy bills, create jobs, reduce inflation, and improve environmental outcomes.
  • President Biden is expected to sign the bill, aligning with his clean energy and resilient power grid initiatives.
  • The bill's passage reflects a broader effort to diversify the U.S. energy portfolio beyond wind and electric energy.