The Nuclear Energy Innovation and Modernization Act (NEIMA) directs the Nuclear Regulatory Commission to make regulations move more quickly with respect to new nuclear reactors and to establish a better and faster licensing structure for advanced nuclear reactors. It was signed by the President and became law last week on January 14th.

The 361 to 10 vote to approve in the House indicated a pretty high level of bipartisanship, as did the unanimous consent with a voice vote in the Senate.

NEIMA also imposes a cap on the NRC’s annual fees for existing reactors, with adjustments for inflation, to ensure the operating fleet is not unjustly impacted as reactors go offline.

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