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Nuclear Assistance for America’s Small Businesses Act

Source: Congress.gov  ·  1,981 words in original text
This bill amends the Nuclear Energy Innovation and Modernization Act to help small businesses develop advanced nuclear reactors (new types of nuclear power plants). It allows the Nuclear Regulatory Commission (a federal agency that oversees nuclear power) to delay collecting licensing fees from eligible small business owners for up to 50 percent of pre-application fees and up to 35 percent of post-application fees.
Small business owners who want to research, develop, and deploy advanced nuclear reactors and have submitted a response to NRC Regulatory Issue Summary 2020-02 (a document published by the Nuclear Regulatory Commission on August 31, 2020).
• The Nuclear Regulatory Commission must delay collecting up to 50 percent of fees related to activities before a covered application (an application for a construction permit, operating license, or combined license for an advanced nuclear reactor) is officially filed, starting 1 year after this law is enacted (Sec. 2(a)(4)(A)). • The Commission must delay collecting up to 35 percent of fees assessed after a covered application is filed until either the operating license is issued or a required finding is made, depending on the application type (Sec. 2(a)(4)(B)). • The Commission must collect 10 percent of delayed fees either when it issues the operating license or makes the required finding, then collect the remaining delayed fees annually over 10 years (Sec. 2(a)(4)(C)(i)). • If a small business owner does not submit a covered application within 5 years after responding to the 2020-02 document, the Commission must collect 25 percent of delayed pre-application fees starting on a date the Commission decides, paid annually over 4 years (Sec. 2(a)(4)(C)(ii)(I)). • If a covered application is withdrawn, the Commission must collect 25 percent of delayed fees beginning 1 year after withdrawal (Sec. 2(a)(4)(C)(iv)(I)). • If a covered application is temporarily suspended, the Commission delays collecting assessed fees until either the owner resumes review or 3 years pass, whichever comes first (Sec. 2(a)(4)(C)(iv)(II)(aa)). • The Commission must submit a report to Congress by December 31, 2029, describing whether the fee delay program should continue (Sec. 2(a)(4)(E)).
If this becomes law, small business owners pursuing advanced nuclear reactors will not have to pay certain licensing fees upfront. Instead, they can delay paying up to 50 percent of pre-application fees and up to 35 percent of post-application fees. These delayed fees will be collected gradually over 10 years once the operating license is issued or a required finding is made. However, if the business fails to submit an application within 5 years or withdraws its application, the business must pay 25 percent of the delayed fees on a schedule set by the Nuclear Regulatory Commission.
• "Covered application" means an application to the Commission for a construction permit, operating license, or combined license for an advanced nuclear reactor. • "Eligible owner" means an owner of a small business that seeks to research, develop, and deploy an advanced nuclear reactor and has submitted a response to the NRC Regulatory Issue Summary 2020-02. • "Small business" means a small business concern assigned the North American Industry Classification System code 221113. • "Combined license" has the meaning given in federal nuclear regulations at section 52.1 of title 10, Code of Federal Regulations. • "Operating license" means an operating license described in and issued under part 50 of title 10, Code of Federal Regulations. • "Construction permit" means a construction permit described in and issued under part 50 of title 10, Code of Federal Regulations.
The fee delay for pre-application activities begins 1 year after this law is enacted. Not specified in bill text for other provisions.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.