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Bill > HR4960


US HR4960

US HR4960
Preserving Existing Nuclear Energy Generation Act


summary

Introduced
08/06/2021
In Committee
08/09/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To direct the Secretary of Energy to establish a civil nuclear credit program, and for other purposes.

AI Summary

This bill, the Preserving Existing Nuclear Energy Generation Act, directs the Secretary of Energy to establish a civil nuclear credit program. The program evaluates nuclear reactors that are projected to cease operations due to economic factors and allocates credits to certified nuclear reactors that are selected to receive them. The bill also establishes a grant program to provide financial assistance to local governments that have experienced or are anticipating major revenue shortfalls due to the closure or announced closure of a nuclear power plant, assist with economic development in nuclear closure communities, and fund community advisory boards in these communities. Additionally, the bill requires the Nuclear Regulatory Commission to submit a report on actions taken during the COVID-19 public health emergency.

Committee Categories

Agriculture and Natural Resources, Business and Industry

Sponsors (2)

Last Action

Referred to the Subcommittee on Energy. (on 08/09/2021)

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