Bill > HR5803

This bill, known as the Reactor Expenditure Accountability and Compliance Transparency Act (REACT Act), directs the Nuclear Regulatory Commission (NRC) to modify its existing regulations to enhance reporting requirements for power reactor licensees that use decommissioning trust funds. Specifically, the NRC must require these licensees to include three key pieces of information in their financial assurance status reports: (1) the amount of interest earned by the decommissioning trust fund, which is a dedicated financial account set aside to cover the costs of safely shutting down and dismantling a nuclear power plant at the end of its operational life; (2) the projected annual rate of return for the fund; and (3) a comprehensive and detailed list of all expenditures made from the fund for decommissioning activities. This increased transparency aims to provide greater oversight and accountability for how nuclear power plants manage and spend the funds designated for their eventual decommissioning.

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https://www.congress.gov/bill/119th-congress/house-bill/5803/all-info