Congressional Budget Office Cost Estimate: H.R. 4979, Advanced Nuclear Technology Development Act of 2016   [open pdf - 14KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Energy and Commerce on May 18, 2016. From the Document: "The Nuclear Regulatory Commission (NRC) licenses and regulates the use of radioactive materials at civilian facilities, including nuclear reactors. Funding for that agency is provided in annual appropriation acts, and the agency is required to recover most of its funding through fees charged to licensees and applicants. H.R. 4979 would direct the NRC to report to the Congress on existing federal activities related to testing and demonstrating advanced reactors with significant design improvements over existing commercial reactors. The bill also would require to the NRC to submit to the Congress, within one year enactment, a plan for establishing a framework for licensing such reactors. Finally, the bill would specify that any funding provided to the NRC prior to fiscal year 2021 to develop a regulatory framework for advanced reactors would be excluded from the portion of its budget that is offset by fees."

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