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“The ADVANCE Act will provide the Nuclear Regulatory Commission with the tools and workforce it needs to review new nuclear technologies efficiently, while maintaining the NRC’s critical safety mission and creating thousands of new jobs,” Carper added.
Now, all eyes are set on U.S. President Joe Biden, who is expected to sign this ADVANCE act to give it legal approval.
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The bill aims to simplify the licensing procedure for new nuclear plants and reduce permission costs, making it less expensive for developers to get started.
Moreover, it supports the development of new, smaller nuclear reactors known as Small Modular Reactors (SMRs). These are smaller, cheaper versions of large plants in vogue today, offering more flexibility and faster deployment.
As per the press
release, the bill also includes measures to encourage American companies to build these new nuclear technologies in other countries.
“Directing the Department of Energy to improve its process for approving the export of American technology to international markets, while maintaining strong standards for nuclear non-proliferation,” it stated.
The ADVANCE Act, a bill meant to jumpstart America's nuclear energy sector, was passed with an overwhelming majority by the Senate.
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