JUST IN: U.S. Senate Passes Bill to Boost Nuclear Power Development

By Hunter Fielding

 

On Tuesday, the U.S. Senate approved a bill aimed at streamlining the construction process for nuclear plants, making it faster and more cost-effective.

Members of the Senate Environment and Public Works (EPW) Committee, from both the Democratic and Republican parties, hailed the legislation as a crucial move towards a cleaner energy future.

The bipartisan ADVANCE Act, seen as a victory for the nuclear power industry, passed the Senate with an 88–2 vote. Senators Ed Markey (D-Mass.) and Bernie Sanders (I-Vt.) were the only ones who opposed the bill.

The legislation, which raised safety concerns among critics, was bundled with a separate bill that renews support for the U.S. Fire Administration and firefighter grant programs.

The legislation seeks to promote advanced nuclear technology by empowering the Nuclear Regulatory Commission (NRC) to lead international regulations, simplify export processes, lower licensing costs, encourage reactor deployment, and improve efficiency in fuel cycles and resource management.

The NRC also has to report to Congress within 180 days of enactment on its efforts to simplify and speed up the environmental review process for nuclear reactor license applications under the Atomic Energy Act of 1954…

READ FULL ARTICLE HERE… (newsaddicts.com)

 

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