Source: Idaho State Journal | By Sen. Mike Crapo’s Office | January 16, 2019
President Trump signed into law S.512, the Nuclear Energy Innovation and Modernization Act, or NEIMA. Championed by Idaho Senators Mike Crapo and Jim Risch, the legislation will make needed reforms to the Nuclear Regulatory Commission (NRC) and require the commission to establish a licensing framework for next-generation advanced reactors.
NEIMA will promote innovation in the nuclear energy sector by encouraging public and private investment in nuclear research and spur the development of a regulatory framework within the Nuclear Regulatory Commission (NRC) necessary for licensing advanced nuclear reactors. The measure will also improve the NRC licensing process by establishing new transparency and accountability measures to its budget and fee programs. By reforming the NRC fee structure, NEIMA will make the process of developing and commercializing nuclear technology less cost-prohibitive, enabling more of the research performed at INL to reach the commercial market.