ClearPath Action Applauds House Passage of Advanced Nuclear Bill

WASHINGTON, Sept. 12, 2016 /PRNewswire-USNewswire/ -- ClearPath Action applauds the House of Representatives Monday for passing a bipartisan effort to begin much needed federal reform at the Nuclear Regulatory Commission for advanced nuclear reactors.  

House lawmakers approved the Advanced Nuclear Technology Development Act, which would require the Department of Energy and Nuclear Regulatory Commission to consider new frameworks for licensing advanced nuclear reactors. The bill - led by Reps. Bob Latta (R-Ohio) and Jerry McNerney (D-Calif.) - has a companion in the Senate.

"The NRC is second to none for the safety of our reactor fleet but it has unfortunately also become second to none for cost, delays and complex rulemaking," ClearPath Action Founder and CEO Jay Faison said. "The Latta-McNerney bill preserves our record of safety, while securing the future of one of the more important energy resources of the United States that is a triumph of American ingenuity and engineering."

Nuclear plants built decades ago still safely provide 20 percent of our electricity and 60 percent of our clean power. But as these plants near retirement, a new generation of advanced nuclear technology is being developed by dozens of companies and universities across the nation that promise benefits including the ability to scale according to demand, increased safety and affordability, and the ability to run on used nuclear fuel.

However, expensive and arduous regulations at the NRC are encouraging some companies to consider initially deploying abroad.

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SOURCE ClearPath Action