President Signs Bipartisan Bill to Modernize Nuclear Regulation

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President Donald Trump signed the Nuclear Energy Innovation and Modernization Act (NEIMA) (S. 512) Monday, whose purpose is to modernize the U.S. Nuclear Regulatory Commission’s functions by establishing a new budget and fee structure and developing a revised licensing framework for advanced nuclear reactors.

“NEIMA is a significant, positive step toward reform of the NRC’s fee collection process. This legislation establishes a more equitable and transparent funding structure which will benefit all operating reactors and future licensees,” NEI President and CEO Maria Korsnick said. “The bill also reaffirms Congress’s support for nuclear innovation by working to establish an efficient and stable regulatory structure that is prepared to license the advanced reactors of the future.”

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