1.Short title; table of
contents
(a)This Act may be cited
as the Enabling the Nuclear
Renaissance Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Findings.
TITLE I—Declaration of nuclear energy as clean energy
Sec. 101. Declaration of nuclear energy as clean
energy.
TITLE II—Financing new nuclear plant development
Sec. 201. 5-year accelerated depreciation period for new
nuclear power plants.
Sec. 202. Construction tax credit for nuclear power
facilities.
Sec. 203. Inclusion of nuclear power facilities in advanced
energy project tax credits.
Sec. 204. Modification of credit for production from advanced
nuclear power facilities.
Sec. 205. Treatment of qualified public entities with respect
to private activity bonds.
Sec. 206. Grants for qualified nuclear power facility
expenditures in lieu of tax credits.
Sec. 207. ASME nuclear certification credit.
Sec. 208. Title 17 innovative technology loan guarantee
program.
TITLE III—Accelerating the development of small modular
reactors
Sec. 301. Small modular reactor development and
licensing.
TITLE IV—Improving the licensing process
Sec. 401. Elimination of mandatory hearing for uncontested
license applications.
Sec. 402. Waste confidence.
Sec. 403. Environmental reviews for nuclear energy
projects.
TITLE V—Developing the nuclear workforce
Sec. 501. Training the next generation nuclear
workforce.
TITLE VI—Developing infrastructure
Sec. 601. Definitions.
Sec. 602. National nuclear energy council.
Sec. 603. Energy park initiative.
Sec. 604. Advisory committee on energy park
development.
Sec. 605. ‘N’ prize program authority.
TITLE VII—Enhancing regulatory authority
Sec. 701. Continuation of service.
Sec. 702. Enhanced fingerprinting requirements.
TITLE VIII—Management of used nuclear fuel
Sec. 801. United States Nuclear Fuel Management
Corporation.
2.Congress finds that—
(1)nuclear energy
provides—
(A)approximately 19
percent of the electricity of the United States; and
(B)approximately 70
percent of the carbon-dioxide free electricity of the United States;
(2)nuclear energy
has the lowest land-use requirements per megawatt of any electricity generating
source;
(3)the majority of
the 104 operating reactors located in the United States were constructed during
the 20-year time period beginning in 1970;
(4)the operating
performance of nuclear plants has improved significantly since the nuclear
plants were constructed so that, as of the date of enactment of this Act, the
nuclear plants of the United States provide reliable power for over 90 percent
of the time; and
(5)a broader
deployment of nuclear energy, including the development of new modular
reactors, would greatly improve the ability of the United States—
(A)to reduce
emissions;
(B)to provide
reliable, baseload electricity;
(C)to create good
quality jobs;
(D)to promote energy
security; and
(E)to attain global
leadership in nuclear power.
<enum>I</enum><header>Declaration of
nuclear energy as clean energy</header>
<section id="id8E4EA3B26CAA46F78A69B076A7686DD6"><enum>101.</enum><header>Declaration of
nuclear energy as clean energy</header><text display-inline="no-display-inline">For purposes of Federal law, it is the sense
of Congress that—</text>
<paragraph id="id912E3CEF6C764D3F84B1E71AE4BFBF8D"><enum>(1)</enum><text display-inline="yes-display-inline">nuclear energy shall be considered to be
clean energy;</text>
</paragraph><paragraph id="id40A6CA5655A844B9AA2B06F36C1470F3"><enum>(2)</enum><text display-inline="yes-display-inline">any provision of Federal law relating to
clean energy shall be considered to include nuclear energy as a form of clean
energy; and</text>
</paragraph><paragraph id="idA6B90BCC433B4C2D84D5ED919ECD6830"><enum>(3)</enum><text display-inline="yes-display-inline">nuclear energy is a renewable-equivalent
for purposes of a renewable energy standard.</text>
</paragraph></section><enum>II</enum><header>Financing new
nuclear plant development</header>
<section id="idA9EC385E9A89491D9121A5C0F680385A"><enum>201.</enum><header>5-year
accelerated depreciation period for new nuclear power plants</header>
<subsection id="ID82b4dd80eb6047098ad9f4515974d3cf"><enum>(a)</enum><header>In
general</header><text>Subparagraph (B) of section 168(e)(3) of the Internal
Revenue Code of 1986 is amended by striking <quote>and</quote> at the end of
clause (vi)(III), by striking the period at the end of clause (vii) and
inserting <quote>, and</quote>, and by inserting after clause (vii) the
following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id6AFB187270574ACA82E0B99549151A96" style="OLC">
<clause id="id0F395E639B2E4416AD8AE3BCE5411AC8"><enum>(viii)</enum><text>any tangible
property (not including a building or its structural components) which is used
in the manufacturing of, or as an integral part of, an advanced nuclear power
facility (as defined in section 45J(d)(l), determined without regard to
subparagraph (B) thereof) the original use of which commences with the taxpayer
after the date of the enactment of this
clause.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID9d17684a535d46c7a7597e1d72c9365e"><enum>(b)</enum><header>Conforming
amendment</header><text>Section 168(e)(3)(E)(vii) of the Internal Revenue Code
of 1986 is amended by inserting <quote>and not described in subparagraph
(B)(viii) of this paragraph</quote> after <quote>section
1245(a)(3)</quote>.</text>
</subsection><subsection id="IDd4877182b6e6451d94c6ad438092e5f1"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act.</text>
</subsection></section><section id="IDacc33d6463bd4789a7a3b330f8d696fb"><enum>202.</enum><header>Construction
tax credit for nuclear power facilities</header>
<subsection id="ID3dd3f84141e74b47912e11a6775b7a0e"><enum>(a)</enum><header>New credit for
nuclear power facilities</header><text>Section 46 of the Internal Revenue Code
of 1986 is amended—</text>
<paragraph id="ID99232a5f7bb14bf2a801176b7a87e4a9"><enum>(1)</enum><text>by striking
<quote>and</quote> at the end of paragraph (5);</text>
</paragraph><paragraph id="ID795c56f4f9494cde998cee0952f76c53"><enum>(2)</enum><text>by striking the
period at the end of paragraph (6) and inserting <quote>; and</quote>;
and</text>
</paragraph><paragraph id="ID384e93486b7a4021bc42a06a4c21be56"><enum>(3)</enum><text>by inserting
after paragraph (5) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id29DF0897C9B74981B831C40FF8D362E4" style="OLC">
<paragraph id="ID481fdd642b5043d0990c4348456dcd32"><enum>(7)</enum><text>the nuclear power
facility construction
credit.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="ID960dc1a19152449981fa0a7fedb95580"><enum>(b)</enum><header>Nuclear power
facility construction credit</header><text>Subpart E of part IV of subchapter A
of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after
section 48D the following new section:</text>
<quoted-block display-inline="no-display-inline" id="id5593241E93EB44BE91958C5365DB8E7A" style="OLC">
<section id="ID6b623c10aa464c7f9710d4184f9ca75d"><enum>48E.</enum><header>Nuclear power
facility construction credit</header>
<subsection id="IDe4befb2baa2148beafe107c14fc91ee1"><enum>(a)</enum><header>In
general</header><text>For purposes of section 46, the nuclear power facility
construction credit for any taxable year is 10 percent of the qualified nuclear
power facility expenditures with respect to a qualified nuclear power
facility.</text>
</subsection><subsection id="ID53d2f1193a31428eab9343db960807c0"><enum>(b)</enum><header>When
expenditures taken into account</header>
<paragraph id="ID41d2fa01ee3b4a848f4b9dbb60b8e4e2"><enum>(1)</enum><header>In
general</header><text>Qualified nuclear power facility expenditures shall be
taken into account for the taxable year in which the qualified nuclear power
facility is placed in service.</text>
</paragraph><paragraph id="ID70d12e1e380b484a9316390175b5406e"><enum>(2)</enum><header>Coordination
with subsection <enum-in-header>(c)</enum-in-header></header><text>The amount
which would (but for this paragraph) be taken into account under paragraph (1)
with respect to any qualified nuclear power facility shall be reduced (but not
below zero) by any amount of qualified nuclear power facility expenditures
taken into account under subsection (c) by the taxpayer or a predecessor of the
taxpayer, to the extent any amount so taken into account under subsection (c)
has not been required to be recaptured under section 50(a).</text>
</paragraph></subsection><subsection id="ID7c917ae1ffe44aea91351c1de9e340fd"><enum>(c)</enum><header>Progress
expenditures</header>
<paragraph id="ID041e093080e44b66917cee8ef6504bc8"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to take into account qualified
nuclear power facility expenditures—</text>
<subparagraph id="IDb6d83d2ca1bc4b2cb9852489b6014e15"><enum>(A)</enum><text>in the case of a
qualified nuclear power facility which is a self-constructed facility, no
earlier than the taxable year for which such expenditures are properly
chargeable to capital account with respect to such facility; and</text>
</subparagraph><subparagraph id="ID5ebfc76417804f87bd11fe7debe7287e"><enum>(B)</enum><text>in the case of a
qualified nuclear facility which is not self-constructed property, no earlier
than the taxable year in which such expenditures are paid.</text>
</subparagraph></paragraph><paragraph id="IDb26c65814f6840798aec29476cd45573"><enum>(2)</enum><header>Special rules
for applying paragraph (1)</header><text>For purposes of paragraph (1)—</text>
<subparagraph id="ID731760829b8f4cd49d2c5c7f911626b4"><enum>(A)</enum><header>Component
parts, etc</header><text>Notwithstanding that a qualified nuclear power
facility is a self-constructed facility, property described in paragraph (3)(B)
shall be taken into account in accordance with paragraph (1)(B), and such
amounts shall not be included in determining qualified nuclear power facility
expenditures under paragraph (1)(A).</text>
</subparagraph><subparagraph id="ID78741c401fdc457f8064da4370ea688f"><enum>(B)</enum><header>Certain
borrowing disregarded</header><text>Any amount borrowed directly or indirectly
by the taxpayer on a nonrecourse basis from the person constructing the
facility for the taxpayer shall not be treated as an amount expended for such
facility.</text>
</subparagraph><subparagraph id="ID107110f0d25941a3a1b7e583e506da41"><enum>(C)</enum><header>Limitation for
facilities or components which are not self-constructed</header>
<clause id="ID823223f88b334ad284bb6444c2c02b31"><enum>(i)</enum><header>In
general</header><text>In the case of a facility or a component of a facility
which is not self-constructed, the amount taken into account under paragraph
(1)(B) for any taxable year shall not exceed the excess of—</text>
<subclause id="ID64dd8b658a9f42c2b03207b51bccdba9"><enum>(I)</enum><text>the product of
the overall cost to the taxpayer of the facility or component of a facility,
multiplied by the percentage of completion of the facility or component of a
facility; over</text>
</subclause><subclause id="IDa29ea8bf3b174e5a80dcba44a9197844"><enum>(II)</enum><text>the amount taken
into account under paragraph (1)(B) for all prior taxable years as to such
facility or component of a facility.</text>
</subclause></clause><clause id="ID2f7d8e6c3c59461ba0c438a416b26e28"><enum>(ii)</enum><header>Carryover of
certain amounts</header><text>In the case of a facility or component of a
facility which is not self-constructed, if for the taxable year the amount
which (but for clause (i)) would have been taken into account under paragraph
(1)(B) exceeds the amount allowed by clause (i), then the amount of such excess
shall increase the amount taken into account under paragraph (1)(B) for the
succeeding taxable year without regard to this paragraph.</text>
</clause></subparagraph><subparagraph id="IDad6a8177ae484a8780eed2de7d6f492d"><enum>(D)</enum><header>Determination
of percentage of completion</header><text>The determination under subparagraph
(C) of the portion of the overall cost to the taxpayer of the construction
which is properly attributable to construction completed during any taxable
year shall be made on the basis of engineering or architectural estimates or on
the basis of cost accounting records, using information available at the close
of the taxable year in which the credit is being claimed.</text>
</subparagraph><subparagraph id="IDcd2eb067fadf4221a3fd91b1035c64f7"><enum>(E)</enum><header>Determination
of overall cost</header><text>The determination under subparagraph (C) of the
overall cost to the taxpayer of the construction of a facility shall be made on
the basis of engineering or architectural estimates or on the basis of cost
accounting records, using information available at the close of the taxable
year in which the credit is being claimed.</text>
</subparagraph><subparagraph id="ID10994ed362014d4a8aa31ffa9c2a6eb4"><enum>(F)</enum><header>No progress
expenditures for property for year placed in service, etc</header><text>In the
case of any qualified nuclear facility, no qualified nuclear facility
expenditures shall be taken into account under this subsection for the earlier
of—</text>
<clause id="IDbe75e2237abb491ea280fb397d1f9a3e"><enum>(i)</enum><text>the taxable year
in which the facility is placed in service; or</text>
</clause><clause id="IDb8509345f7d342d9b594f67491c9418c"><enum>(ii)</enum><text>the first
taxable year for which recapture is required under section 50(a)(2) with
respect to such facility or for any taxable year thereafter.</text>
</clause></subparagraph></paragraph><paragraph id="ID693c3cdc401445ae83342f8452ab0fdc"><enum>(3)</enum><header>Self-constructed</header><text>For
purposes of this subsection—</text>
<subparagraph id="ID0eb3934a92084792972273aa46284fc6"><enum>(A)</enum><header>In
general</header><text>The term <term>self-constructed facility</term> means any
facility if, at the close of the first taxable year to which the election in
this subsection applies, it is reasonable to believe that more than 80 percent
of the qualified nuclear facility expenditures for such facility will be made
directly by the taxpayer.</text>
</subparagraph><subparagraph id="ID4664fb47d2d8435599f4ce5601360581"><enum>(B)</enum><header>Treatment of
components</header><text>A component of a facility shall be treated as not
self-constructed if, at the close of the first taxable year in which
expenditures for the component are paid, it is reasonable to believe that the
cost of the component is at least 5 percent of the expected cost of the
facility.</text>
</subparagraph></paragraph><paragraph id="IDc916a1c586fa4604b5d65ca1b450d126"><enum>(4)</enum><header>Election</header><text>An
election shall be made under this subsection for a qualified nuclear power
facility by claiming the nuclear power facility construction credit for
expenditures described in paragraph (1) on the taxpayer’s return of the tax
imposed by this chapter for the taxable year. Such an election shall apply to
the taxable year for which made and all subsequent taxable years. Such an
election, once made, may be revoked only with the consent of the
Secretary.</text>
</paragraph></subsection><subsection id="IDca869f64fd7d40e4a2db27d9f1cb8f21"><enum>(d)</enum><header>Definitions and
special rules</header><text>For purposes of this section—</text>
<paragraph id="ID36f1b9d5f1a74e30a83b59e9235cc870"><enum>(1)</enum><header>Qualified
nuclear power facility</header><text>The term <term>qualified nuclear power
facility</term> means an advanced nuclear facility (as defined in section
45J(d)(2)) which—</text>
<subparagraph id="ID4c2bc9bd2d3c4c208290a5bfef4e94c0"><enum>(A)</enum><text>is placed in
service before January 1, 2030; and</text>
</subparagraph><subparagraph id="ID5a98659091d241d3808a59e9b9ed0ea5"><enum>(B)</enum><text>when placed in
service, will use nuclear power to produce electricity.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">Such term
shall not include any property which is part of a facility the production from
which is allowed as a credit under section 45J for the taxable year or any
subsequent taxable year.</continuation-text></paragraph><paragraph id="ID2e2319bc4cfd49d19003dd6ecdc81f9f"><enum>(2)</enum><header>Qualified
nuclear power facility expenditures</header><text>The term <term>qualified
nuclear power facility expenditures</term> means any amount paid, accrued, or
properly chargeable to capital account—</text>
<subparagraph id="ID06f9098a9256494f9ba66477b7c9916e"><enum>(A)</enum><text>with respect to a
qualified nuclear power facility;</text>
</subparagraph><subparagraph id="ID56c5891b8d304da9b7b8ab59474aa338"><enum>(B)</enum><text>for which
depreciation will be allowable under section 168 once the facility is placed in
service; and</text>
</subparagraph><subparagraph id="ID0d06ed9b1fef44cb8e54197eb93aed0d"><enum>(C)</enum><text>which is incurred
before the qualified nuclear power facility is placed in service or in
connection with the placement of such facility in service.</text>
</subparagraph></paragraph><paragraph id="IDbd40b17700284b329c35675cc3ab4db3"><enum>(3)</enum><header>Delays and
suspension of construction</header>
<subparagraph id="ID38515fc8dc9344299c8f2b39844f1707"><enum>(A)</enum><header>In
general</header><text>Except for sales or dispositions between members of the
same affiliated group, for purposes of applying this section and section 50, a
nuclear power facility that is under construction shall cease, with respect to
the taxpayer, to be a qualified nuclear power facility as of the date on which
the taxpayer sells, disposes of, or cancels, abandons, or otherwise terminates
the construction of, the facility.</text>
</subparagraph><subparagraph id="IDb44d0973d8b94cb0acb8817aa6e86396"><enum>(B)</enum><header>Resumption of
construction</header><text>If a nuclear power facility that is under
construction ceases, with respect to the taxpayer, to be a qualified nuclear
power facility by reason of subparagraph (A) and work is subsequently resumed
on the construction of such facility, the qualified nuclear power facility
expenditures shall be determined without regard to any delay or temporary
termination of construction of the facility.</text>
</subparagraph></paragraph><paragraph id="idF6BDBEFE10F546DD9287C17ABA4F301C"><enum>(4)</enum><header>Coordination
with cost-sharing</header><text>The amount of qualified nuclear expenditures of
a taxpayer shall be reduced by any amount received under section 952(c)(3) of
the Energy Policy Act of 2005.</text>
</paragraph></subsection><subsection id="ID9fd377e629e840cfb29f6a7f937aa08a"><enum>(e)</enum><header>Application of
other rules</header><text>Rules similar to the rules of subsections (c)(4) and
(d) of section 46 (as in effect on the day before the enactment of the Revenue
Reconciliation Act of 1990) shall apply for purposes of this section to the
extent not inconsistent herewith.</text>
</subsection><subsection id="ID421486b577544289a41b6b0f6c760b1f"><enum>(f)</enum><header>Election To
have credit not apply</header>
<paragraph id="IDf38ea9ce3a6948ff9e8a5baa11e0b30d"><enum>(1)</enum><header>In
general</header><text>A taxpayer may elect to have this section not apply for
any taxable year.</text>
</paragraph><paragraph id="IDcda9ca4be8d142049bd0644b9cae9ff6"><enum>(2)</enum><header>Time and manner
for making election</header><text>Rules similar to the rules of section 43(e)
shall apply for purposes of this
subsection.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID513abd3ca8634623b73fe5701fefb3ff"><enum>(c)</enum><header>Special rule
for basis adjustment</header><text>Paragraph (3) of section 50(c) of the
Internal Revenue Code of 1986 is amended by inserting <quote>or nuclear power
facility construction credit</quote> after <quote>energy credit</quote>.</text>
</subsection><subsection id="IDa5f35d519f4a45a28d5a3289850fd4f4"><enum>(d)</enum><header>Provisions
relating to credit recapture</header>
<paragraph id="IDd711a54335054db090fc03abd5a876bd"><enum>(1)</enum><header>Progress
expenditure recapture rules</header>
<subparagraph id="ID7b6f8d9ec9c14c34847cddd92c02568e"><enum>(A)</enum><header>Basic
rules</header><text>Subparagraph (A) of section 50(a)(2) of the Internal
Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id72D9CEC2814B462AB37C0C5C9E765043" style="OLC">
<subparagraph id="IDbfe64109f8b741c3a623f6cbcac38433"><enum>(A)</enum><header>In
general</header><text>If during any taxable year any building to which section
47(d) applied or any facility to which section 48E(c) applied ceases (by reason
of sale or other disposition, cancellation or abandonment of contract, or
otherwise) to be, with respect to the taxpayer, property which, when placed in
service, will be a qualified rehabilitated building or a qualified nuclear
power facility, then the tax under this chapter for such taxable year shall be
increased by an amount equal to the aggregate decrease in the credits allowed
under section 38 for all prior taxable years which would have resulted solely
from reducing to zero the credit determined under this subpart with respect to
such building or
facility.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="ID1d3f5a8f88fa4870b1eac11d25b8addf"><enum>(B)</enum><header>Amendment to
excess credit recapture rule</header><text>Subparagraph (B) of section 50(a)(2)
of such Code is amended by—</text>
<clause id="IDe489e03c01b34e29b8d69767487d29dc"><enum>(i)</enum><text>inserting
<quote>or paragraph (2) of section 48E(b)</quote> after <quote>paragraph (2) of
section 47(b)</quote>; (ii) inserting <quote>or section 48E(b)(1)</quote> after
<quote>section 47(b)(1)</quote>; and (iii) inserting <quote>or facility</quote>
after <quote>building</quote>.</text>
</clause></subparagraph><subparagraph id="IDba35d1255ad045248c909c0179ae50fe"><enum>(C)</enum><header>Amendment of
sale and leaseback rule</header><text>Subparagraph (C) of section 50(a)(2) of
such Code is amended by inserting <quote>or the qualified nuclear power
facility expenditures under section 48E(c)</quote> after
<quote>47(d)</quote>.</text>
</subparagraph><subparagraph id="ID7804ef483b424b449ee8eca80ffb16eb"><enum>(D)</enum><header>Coordination</header><text>Subparagraph
(D) of section 50(a)(2) of such Code is amended by inserting <quote>or
48E(c)</quote> after <quote>section 47(d)</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="IDe0dc470e0c4e450895cf783489416b03"><enum>(e)</enum><header>Application of
at-Risk rules</header><text>Subparagraph (C) of section 49(a)(1) of the
Internal Revenue Code of 1986 is amended—</text>
<paragraph id="ID370b668c2ea947a0a52e5f0e0b8d4239"><enum>(1)</enum><text>by striking
<quote>and</quote> at the end of clause (v);</text>
</paragraph><paragraph id="ID2d48c1fc666742fdb076eb3ddc22fc89"><enum>(2)</enum><text>by striking the
period at the end of clause (vi) and inserting <quote>, and</quote>; and</text>
</paragraph><paragraph id="ID0d2741fa52084b36af12038478900cbc"><enum>(3)</enum><text>by inserting
after clause (vi) the following 2 new clause:</text>
<quoted-block display-inline="no-display-inline" id="id43662794E79A43B1B8BB64D847015C68" style="OLC">
<clause id="ID1a14fe1292c94c8d951561ac7ab3fa33"><enum>(vii)</enum><text>the basis of
any property which is part of a qualified nuclear power facility under section
48E.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="IDb52fedc1a9a04498b050d745f54f84e9"><enum>(f)</enum><header>Denial of
double benefit</header><text>Subsection (c) of section 45J of the Internal
Revenue Code of 1986 (relating to other limitations) is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id204A175D63A44FECAAC6BF7D51EBFA43" style="OLC">
<paragraph id="ID5f060927a7d8493d90fe19f91ce4bc88"><enum>(3)</enum><header>Denial of
double benefit</header><text>No credit shall be allowed under this section with
respect to any facility for which a credit is allowed under section 48E for
such taxable year or any prior taxable
year.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="id27F93500CE9B4A19BD29F79F62243E1D"><enum>(g)</enum><header>Treatment under
alternative minimum tax</header><text>Section 38(c)(4)(B) of the Internal
Revenue Code of 1986 is amended by striking <quote>‘and</quote>’ at the end of
clause (viii), by redesignating clause (ix) as clause (x), and by inserting
after clause (viii) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id0301E8958CC14C3F9C26ADC56769DF39" style="OLC">
<clause id="idBB851F9590E74A0D9922FBE74896073B"><enum>(ix)</enum><text>the credit
determined under section 46 to the extent that such credit is attributable to
the nuclear power facility construction credit under section 48E,
and</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDadec88e58acd428aa4ec41d41254bb58"><enum>(h)</enum><header>Coordination
with nuclear power grants</header><text>Section 501(c)(12) of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="id669EA877DA0443E68E49B76C9F911AC6" style="OLC">
<subparagraph id="ID7e0ac31f589449bf96aa3e551255a712"><enum>(J)</enum><text>In the case of a
mutual or cooperative electric company described in this paragraph or an
organization described in section 1381(a)(2)(C), subparagraph (A) shall be
applied without taking into account any grant received under section 206 of the
Enabling the Nuclear Renaissance
Act.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDa2d2736cba7d409199c762ac62312797"><enum>(i)</enum><header>Conforming
amendments</header>
<paragraph id="IDfbb0823aa34046599a00eab7808ca8fe"><enum>(1)</enum><text>Section 6501(m)
of the Internal Revenue Code of 1986 is amended by inserting
<quote>48E(f),</quote> after <quote>45H(g),</quote>.</text>
</paragraph><paragraph id="ID1c6985939d234d338fc51dbedfdd064f"><enum>(2)</enum><text>The table of
sections for subpart E of part IV of subchapter A of chapter 1 of such Code is
amended by inserting after the item relating to section 48D the following new
item:</text>
<quoted-block display-inline="no-display-inline" id="idFC7AA5A5A9A74039818595EC0AA8E19A" style="OLC">
<toc>
<toc-entry bold="off" level="section">Sec. 48E. Nuclear power
facility construction
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="ID95f1a90c49684bcda2fec46acec5c393"><enum>(j)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to periods
after the date of enactment of this Act, under rules similar to the rules of
section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day
before the date of the enactment of the Revenue Reconciliation Act of
1990).</text>
</subsection></section><section id="IDc509fe29cc914bd09ab23fea48caf8c3"><enum>203.</enum><header>Inclusion of
nuclear power facilities in advanced energy project tax credits</header>
<subsection id="ID399115fa64d546dbb54670f80a3708b3"><enum>(a)</enum><header>In
general</header><text>Clause (i) of section 48C(c)(1)(A) of the Internal
Revenue Code of 1986 is amended by striking <quote>or</quote> at the end of
subclause (VI), by redesignating subclause (VIII) as subclause (IX) , and by
inserting after subclause (VI) the following new subclause:</text>
<quoted-block display-inline="no-display-inline" id="id3D85D84BB263467EA192645BB95D2E95" style="OLC">
<subclause id="ID32895d009ec24ecbb7f59350e3a2314f"><enum>(VII)</enum><text>property
designed to be used to produce energy from an advanced nuclear power facility
(as defined in section 45J(d)),
and</text>
</subclause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID6bff464b0e594f7a86e7632ec88cd1bc"><enum>(b)</enum><header>Increase in
credit allocation limitation</header><text>Subparagraph (B) of section
48C(d)(l) of the Internal Revenue Code of 1986 is amended by striking
<quote>$2,300,000,000</quote> and inserting
<quote>$7,300,000,000</quote>.</text>
</subsection><subsection id="ID83c659bf43b74877bd3fc9cc112f68d2"><enum>(c)</enum><header>Extension of
application period</header><text>Subparagraph (A) of section 48C(d)(2) of the
Internal Revenue Code of 1986 is amended by striking <quote>2-year
period</quote> and inserting <quote>5-year period</quote>.</text>
</subsection><subsection id="ID1332ffa1f3b9410d836db867538d2a93"><enum>(d)</enum><header>Extension of
period of issuance</header><text>Subparagraph (C) of section 48C(d)(2) of the
Internal Revenue Code of 1986 is amended by striking <quote>3 years</quote> and
inserting <quote>7 years</quote>.</text>
</subsection><subsection id="id69C2571B338A4B5FADB4A81D2D7842D1"><enum>(e)</enum><header>Coordination
with cost-Sharing</header><text>Section 48C of the Internal Revenue Code of
1986 is amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id63A6ABB860BD4C9B94E2E3EA96343535" style="OLC">
<subsection id="id065A3D748B264EC291B9A407B83773CF"><enum>(f)</enum><header>Coordination
with cost-Sharing</header><text>The qualified investment with respect to any
project described in subsection (c)(1)(A)(i)(VII) shall be reduced by any
amount received under section 952(c)(3) of the Energy Policy Act of
2005.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDa7e4f46c3d2640898a34cab12745cd0f"><enum>(f)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to property
placed in service after the date of the enactment of this Act.</text>
</subsection></section><section id="id43B9AC24AA2444E6AEF2635500A22B6A"><enum>204.</enum><header>Modification
of credit for production from advanced nuclear power facilities</header>
<subsection id="ID667558a4b1e042d89202bb0cc94fe573"><enum>(a)</enum><header>Increase in
national limitation</header><text>Paragraph (2) of section 45J(b) of the
Internal Revenue Code (relating to national limitation) is amended by striking
<quote>6,000 megawatts</quote> and inserting <quote>8,000
megawatts</quote>.</text>
</subsection><subsection id="id0386A52D65B54E76A03B091142852744"><enum>(b)</enum><header>Repeal of
ownership restriction</header><text>Subparagraph (A) of section 45J(d)(1) of
the Internal Revenue Code of 1986 is amended by striking <quote>which is owned
by the taxpayer and</quote>.</text>
</subsection><subsection id="IDa214b2bccafa4c66a17f2a6a231f4451"><enum>(c)</enum><header>Treatment under
alternative minimum tax</header><text>Section 38(c)(4)(B) of the Internal
Revenue Code of 1986, as amended by section 202, is amended by redesignating
clauses (vi) through (x) as clauses (vii) through (xi), respectively, and by
inserting after clause (v) the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="id7248453B7DCB4F349BF0A5ABA61BA662" style="OLC">
<clause id="IDea27ba45954f40579b8577313051b14e"><enum>(vi)</enum><text>the credit
determined under section
45J,</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID8a2fafcc6a6a4f0fb809f68cb7c1e525"><enum>(d)</enum><header>Allocation of
credit to private partners of tax-Exempt entities</header>
<paragraph id="ID64663ecf949346c4ab95eb528137a779"><enum>(1)</enum><header>In
general</header><text>Section 45J of the Internal Revenue Code of 1986
(relating to credit for production from advanced nuclear power facilities) is
amended—</text>
<subparagraph id="ID33f38d7f40774be7b815b0eb210d566e"><enum>(A)</enum><text>by redesignating
subsection (e) as subsection (f); and</text>
</subparagraph><subparagraph id="IDec50b399dc29430daae516d37f7e2b2d"><enum>(B)</enum><text>by inserting
after subsection (d) the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="id0E5F76BC14E64DB792E269AC9B4144DD" style="OLC">
<subsection id="ID63bd81c46b3c4a8b89b05906213d9553"><enum>(e)</enum><header>Special rule
for public-Private partnerships</header>
<paragraph id="ID33e58244650b43e398df951a5b0772cd"><enum>(1)</enum><header>In
general</header><text>In the case of an advanced nuclear power facility which
is owned by a public private partnership or co-owned by a qualified public
entity and a non-public entity, any qualified public entity which is a member
of such partnership or a co-owner of such facility may transfer such entity’s
allocation of the credit under subsection (a) to any non-public entity which is
a member of such partnership or which is a co-owner of such facility, except
that the aggregate allocations of such credit claimed by such non-public entity
shall be subject to the limitations under subsections (b) and (c) and section
38.</text>
</paragraph><paragraph id="ID8c7e193a1fba453b920617ddba7cf02c"><enum>(2)</enum><header>Qualified
public entity</header><text>For purposes of this subsection, the term
<term>qualified public entity</term> means—</text>
<subparagraph id="ID5482e374ed874f6ca277bd9cb3b3f0e5"><enum>(A)</enum><text>a Federal, State,
or local government entity, or any political subdivision or agency or
instrumentality thereof;</text>
</subparagraph><subparagraph id="ID9bca52f7681f49d6983324457f1edc00"><enum>(B)</enum><text>a mutual or
cooperative electric company described in section 501(c)(12) or section
1381(a)(2); or</text>
</subparagraph><subparagraph id="ID59e40a679ace43ea9a47ba650f59e387"><enum>(C)</enum><text>a not-for-profit
electric utility which has or had received a loan or loan guarantee under the
Rural Electrification Act of 1936.</text>
</subparagraph></paragraph><paragraph id="ID3fa6f7bf3bff412ea0d1497c33c573d9"><enum>(3)</enum><header>Verification of
transfer of allocation</header><text>A qualified public entity that makes a
transfer under paragraph (1), and a nonpublic entity that receives an
allocation under such a transfer, shall provide verification of such transfer
in such manner and at such time as the Secretary shall prescribe.</text>
</paragraph><paragraph id="ID5db9853136004571a62eda574dceebc6"><enum>(4)</enum><header>Coordination
with department of treasury grants</header><text>In the case of any property
with respect to which the Secretary makes a grant to a qualified public entity
under section 206 of the Enabling the Nuclear Renaissance Act, no credit that
would be allocable to a qualified public entity shall be determined under this
section for the taxable year in which such grant is made or any subsequent
taxable year.</text>
</paragraph><paragraph id="ID8fa5a72916b54a79b1b0337bf15c9e54"><enum>(5)</enum><header>Coordination
with general business credit</header><text>Subsection (c) of section 38 of such
Code (relating to limitation based on amount of tax) is amended by adding at
the end the following new paragraph:</text>
</paragraph><paragraph id="ID24ccb3c3a0c94ab4987d7699f3344d8c"><enum>(6)</enum><header>Special rule
for credit for production from advanced nuclear power facilities</header>
<subparagraph id="ID3667fca401104d9caf7fc6f2ec4b840c"><enum>(A)</enum><header>In
general</header><text>In the case of the credit for production from advanced
nuclear power facilities determined under section 45J(a), paragraph (1) shall
not apply with respect to any qualified public entity (as defined in section
45J(e)(2)) which transfers the entity’s allocation of such credit to a
non-public partner or a co-owner of such facility as provided in section
45J(e)(1).</text>
</subparagraph><subparagraph id="ID77c4caa5981e498a95ff4af919b28a3a"><enum>(B)</enum><header>Verification of
transfer</header><text>Subparagraph (A) shall not apply to any qualified public
entity unless such entity provides verification of a transfer of credit
allocation as required under section 45J(e)(3).</text>
</subparagraph></paragraph><paragraph id="ID74270ed83bf14bfd9c030d57ad7cb32d"><enum>(7)</enum><header>Special rule
for proceeds of transfers for mutual or cooperative electric
companies</header><text>Section 501(c)(12) of such Code is amended by adding at
the end the following new subparagraph:</text>
<subparagraph id="IDdc08a7b82abf4277994be88259899d78"><enum>(A)</enum><text>In the case of a
mutual or cooperative electric company described in this paragraph or an
organization described in section 1381(a)(2), income received or accrued from a
transfer described in section 45J(e)(1) shall be treated as an amount collected
from members for the sole purpose of meeting losses and
expenses.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection id="ID7407c0858ff245e28944ac39b2c837fb"><enum>(e)</enum><header>Effective
date</header>
<paragraph id="IDa9415273373545ee82e2b53c3a86329e"><enum>(1)</enum><header>In
general</header><text>The amendments made by subsections (a) and (b) shall
apply to electricity produced in taxable years beginning after the date of the
enactment of this Act.</text>
</paragraph><paragraph id="idD7B21F716CB748B99CEF6A6CAB73886E"><enum>(2)</enum><header>Treatment under
alternative minimum tax</header><text>The amendments made by subsection (c)
shall apply to credits determined under section 45J of the Internal Revenue
Code of 1986 in taxable years ending after the date of the enactment of this
Act and to carrybacks of such credits.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDf38d751fa74944629db996d97e1fcb80"><enum>(3)</enum><header>Allocation of
credit</header><text>The amendments made by subsection (d) shall apply to
taxable years beginning after the date of the enactment of this Act.</text>
</paragraph></subsection></section><section id="IDd409e2ccf9be444bbf2df0face4582a0"><enum>205.</enum><header>Treatment of
qualified public entities with respect to private activity bonds</header>
<subsection id="ID70dd3de78be54e65b3fc193a749561bc"><enum>(a)</enum><header>Private
business test</header><text>Section 141(b)(6)(A) of the Internal Revenue Code
of 1986 is amended by inserting <quote>or qualified public entity (as defined
in section 45J(e)(2)) </quote> adding at the end the following new
subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="idFF4E4E520DCF4C6495AC8572FAB8E408" style="OLC">
<subparagraph id="ID34b67f6d8c684680b9922aaca2f5b7ee"><enum>(C)</enum><header>Exception for
certain uses by qualified public entities</header><text>For purposes of
subparagraph (A), the term <term>private business use</term> shall not include
any use with respect to a qualified nuclear power facility (as defined under
section 48E(d)(1) without regard to the last sentence thereof) by a qualified
public entity (as defined in section
45J(e)(2)).</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID07b627d3d6aa406c8ef3e5c5c20cccfb"><enum>(b)</enum><header>Private loan
financing test</header><text>Section 141(c) of the Internal Revenue Code of
1986 is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id9C132F834ADB4D51B1E00EFE10B5B8E9" style="OLC">
<paragraph id="ID0e71f7e8e6aa48029a959290d9fc06bc"><enum>(3)</enum><header>Exception for
qualified public entities</header><text>For purposes of paragraph (1), in the
case of any loan to a qualified public entity (as defined in section
45J(e)(2)), any amounts to be used for qualified nuclear power facilities (as
defined under section 48E(d)(1) without regard to the last sentence thereof)
shall be not be taken into
account.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID34c32d2cc3e14086a1a2403596749ff2"><enum>(c)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to
obligations issued after the date of the enactment of this Act.</text>
</subsection></section><section id="ID47757837a5b14da2b25c8352e10070d9"><enum>206.</enum><header>Grants for
qualified nuclear power facility expenditures in lieu of tax credits</header>
<subsection id="IDfa08bf186d9c42a8a6449e36f770a704"><enum>(a)</enum><header>In
general</header><text>Upon application, the Secretary of the Treasury shall,
subject to the requirements of this section, provide a grant to each qualified
public entity which places in service a qualified nuclear power facility to
reimburse such qualified public entity for a portion of the qualified nuclear
power facility expenditures of such property as provided in subsection
(b).</text>
</subsection><subsection id="ID8cdbd8e608774b59a308bbf681cada98"><enum>(b)</enum><header>Grant
amount</header><text>The amount of the grant under subsection (a) with respect
to a qualified nuclear power facility shall be 10 percent of the qualified
nuclear power facility expenditures.</text>
</subsection><subsection id="IDf03e5baa230745279eeed54555bd1f9c"><enum>(c)</enum><header>Time for
payment of grant</header><text>The Secretary of the Treasury shall make payment
of any grant under subsection (a) during the 60-day period beginning on the
later of—</text>
<paragraph id="ID088400e4640843d8b104e2db7c5bb15b"><enum>(1)</enum><text>the date of the
application for such grant; or</text>
</paragraph><paragraph id="IDf9734c9d95a0464785001e5bb765cada"><enum>(2)</enum><text>the date the
qualified nuclear power facility for which the grant is being made is placed in
service.</text>
</paragraph></subsection><subsection id="ID5cdeaa6d95504141ada9b4e9d5078bbb"><enum>(d)</enum><header>Qualified
public entity</header><text>For purposes of this section, the term
<term>qualified public entity</term> shall have the meaning given such term in
section 45J(e)(2) of the Internal Revenue Code of 1986.</text>
</subsection><subsection id="ID0f95e636754143caa687060333af992e"><enum>(e)</enum><header>Coordination
with Section 48E</header><text>For purposes of this section—</text>
<paragraph id="IDb0f3ce69e5804e8494a532ec5cb09725"><enum>(1)</enum><text>the definition of
qualified nuclear power facility in section 48E(d)(1) of the Internal Revenue
Code of 1986 shall be applied without regard to the last sentence thereof;
and</text>
</paragraph><paragraph id="IDa74ccdb9c6d842f795a9b81e3102e7a2"><enum>(2)</enum><text>expenditures will
be treated as qualified nuclear power facility expenditures without regard to
section 48E(d)(2)(B) of such Code.</text>
</paragraph></subsection><subsection id="id3FBDEB1C4FF0454FB2766A78643627AE"><enum>(f)</enum><header>Coordination
with cost-Sharing</header><text>The amount of qualified nuclear expenditures
which are eligible for a grant under subsection (a) shall be reduced by any
amount received under section 952(c)(3) of the Energy Policy Act of
2005.</text>
</subsection><subsection id="ID8b45fd8055d2400893f642a8ed618b12"><enum>(g)</enum><header>Application of
certain rules</header><text>In making grants under this section, the Secretary
of the Treasury shall apply rules similar to the rules of section 50 of the
Internal Revenue Code of 1986. In applying such rules, if the property is
disposed of, or otherwise ceases to be a qualified nuclear power facility, the
Secretary of the Treasury shall provide for the recapture of the appropriate
percentage of the grant amount in such manner as the Secretary of the Treasury
determines appropriate. In applying section 50 of the Internal Revenue Code of
1986, subsection (b)(4)(A)(i) of such section shall not apply.</text>
</subsection><subsection id="IDcac95dfacecc475c8c644b55597965c7"><enum>(h)</enum><header>Definitions</header><text>Terms
used in this section which are also used in section 48E of the Internal Revenue
Code of 1986 shall have the same meaning for purposes of this section as when
used in such section 48E. Any reference in this section to the Secretary of the
Treasury shall be treated as including the Secretary’s delegate.</text>
</subsection><subsection id="ID919f65091b034a89bb7410168a3a5960"><enum>(i)</enum><header>Appropriations</header><text>There
is hereby appropriated to the Secretary of the Treasury such sums as may be
necessary to carry out this section.</text>
</subsection><subsection id="ID8517014e2d86469986e08515f5fb0704"><enum>(j)</enum><header>Termination</header><text>The
Secretary of the Treasury shall not make any grant to any person under this
section unless the application of such person for such grant is received before
January 1, 2030.</text>
</subsection></section><section id="ID48131aac79914fa89f22677fec03226c"><enum>207.</enum><header>ASME nuclear
certification credit</header>
<subsection id="IDa4a19f5e700d4cae8cc51da936e67327"><enum>(a)</enum><header>In
general</header><text>Subpart D of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to business related credits) is amended
by adding at the end the following new section:</text>
<quoted-block display-inline="no-display-inline" id="idBEF1AB6EE44949B0B1FF9324B2B83AE1" style="OLC">
<section id="ID04da582d34eb4bcb95255e5661fed066"><enum>45S.</enum><header>ASME nuclear
certification credit</header>
<subsection id="IDdb53d0156e9741ecb68c64dff90402e8"><enum>(a)</enum><header>In
general</header><text>For purposes of section 38, the ASME nuclear
certification credit determined under this section for any taxable year is an
amount equal to 15 percent of the qualified nuclear expenditures paid or
incurred by the taxpayer.</text>
</subsection><subsection id="IDd3971eb220e5483aa46f51bc38cd4d2b"><enum>(b)</enum><header>Qualified
nuclear expenditures</header><text>For purposes of this section, the term
<term>qualified nuclear expenditures</term> means any expenditure related
to—</text>
<paragraph id="IDdce39fba54db4b2eb63c2307dfea17d6"><enum>(1)</enum><text>obtaining a new
certification under the American Society of Mechanical Engineers Nuclear
Component Certification program;</text>
</paragraph><paragraph id="IDacb397ccba664bcf94f054ba70e44706"><enum>(2)</enum><text>recertifying,
changing, or otherwise upgrading an existing certification under the American
Society of Mechanical Engineers Nuclear Component Certification program;
or</text>
</paragraph><paragraph id="ID9a316c0858b64a62a6ee4bb2c4825e40"><enum>(3)</enum><text>increasing the
taxpayer’s capacity to construct, fabricate, assemble, or install
components—</text>
<subparagraph id="IDec777ba8f79f4742b03a9ddebee35ed1"><enum>(A)</enum><text>for any facility
which uses nuclear energy to produce electricity, and</text>
</subparagraph><subparagraph id="IDa16979ea58dd4142bfe2d2f645e582a0"><enum>(B)</enum><text>with respect to
the construction, fabrication, assembly, or installation of which the taxpayer
is certified under such program.</text>
</subparagraph></paragraph></subsection><subsection id="ID0e4ecd1c74194e1288e3f4e0e65588f8"><enum>(c)</enum><header>Timing of
credit</header><text>The credit allowed under subsection (a) for any
expenditures shall be allowed—</text>
<paragraph id="IDa5ef6083cc31406c8358a938644f9095"><enum>(1)</enum><text>in the case of a
qualified nuclear expenditure described in subsection (b)(1), for the taxable
year of such certification, and</text>
</paragraph><paragraph id="ID2d7d9d62a8d24df1923b48bb9c6831ed"><enum>(2)</enum><text>in the case of
any other qualified nuclear expenditure, for the taxable year in which such
expenditure is paid or incurred.</text>
</paragraph></subsection><subsection id="ID776d770bd4504a1c8333fc2ca4cefbbf"><enum>(d)</enum><header>Special
rules</header>
<paragraph id="ID8dd435ec7fd54921a53127c7175e32c3"><enum>(1)</enum><header>Basis
adjustment</header><text>For purposes of this subtitle, if a credit is allowed
under this section for an expenditure, the increase in basis which would result
(but for this subsection) for such expenditure shall be reduced by the amount
of the credit allowed under this section.</text>
</paragraph><paragraph id="IDeaad5a5dc0e649a5bb000acbbd1a9cfc"><enum>(2)</enum><header>Denial of
double benefit</header><text>No deduction shall be allowed under this chapter
for any amount taken into account in determining the credit under this
section.</text>
</paragraph><paragraph id="idE0196E11519D43D8B04FDF380718C81D"><enum>(3)</enum><header>Coordination
with cost-sharing</header><text>The amount of qualified nuclear expenditures of
a taxpayer shall be reduced by any amount received under section 952(c)(3) of
the Energy Policy Act of 2005.</text>
</paragraph></subsection><subsection id="ID58f2e44ba7f240c9aaf8ee04f36026dd"><enum>(e)</enum><header>Termination</header><text>This
section shall not apply to any expenditures paid or incurred in taxable years
beginning after December 31,
2025.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID0d63cd14d1bd4b8da01a746eba63b03c"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="ID80e51813571141dd8701f70c8a5ebf8a"><enum>(1)</enum><text>Subsection (b) of
section 38 of such Code is amended by striking <quote>plus</quote> at the end
of paragraph (35), by striking the period at the end of paragraph (36) and
inserting <quote>, plus</quote>, and by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id946B77CBED68452EA09664BF5F804BE6" style="OLC">
<paragraph id="ID960c8656220149e7bf0e61af5c774202"><enum>(37)</enum><text>the ASME nuclear
certification credit determined under section
45S(a).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="IDceaa113adfef427385e9262f949bc038"><enum>(2)</enum><text>Subsection (a) of
section 1016 of such Code(relating to adjustments to basis) is amended by
striking <quote>and</quote> at the end of paragraph (36), by striking the
period at the end of paragraph (37) and inserting <quote>, and</quote>, and by
adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idDA00836B851340F6ABB4B4E9F1DF38B3" style="OLC">
<paragraph id="ID35bfe0239c0243c7a5bad01883516901"><enum>(38)</enum><text>to the extent
provided in section
45S(e)(1).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idECCA59292A2E4EE781FA637BE7B250E3"><enum>(3)</enum><text>The table of
sections for subpart D of part IV of subchapter A of chapter 1 of such Code is
amended by inserting after the item relating to section 45R the following new
item:</text>
<quoted-block id="id03ba8481-1c9c-42e2-aa67-15aa80274f48" style="OLC">
<toc>
<toc-entry idref="ID04da582d34eb4bcb95255e5661fed066" level="section">Sec. 45S. ASME nuclear certification
credit.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDab71e38197e54c3d825d9553b7f21a27"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
expenditures paid or incurred in taxable years beginning after December 31,
2010.</text>
</subsection></section><section id="IDf75bb8b3504941918f82d2e4b83d6a86"><enum>208.</enum><header>Title 17
innovative technology loan guarantee program</header>
<subsection id="IDf31dd6367b4b4a66aa9fc641ea19376b"><enum>(a)</enum><header>Funding</header><text>The
matter under the heading <quote><header-in-text level="appropriations-intermediate" style="traditional">Title 17 Innovative
Technology Loan Guarantee Program</header-in-text></quote> of title III of
division C of the Omnibus Appropriations Act, 2009 (Public Law 111–8; 123 Stat.
619) is amended, in the matter preceding the first proviso—</text>
<paragraph id="IDbd579a61b9ab4eedb021beb6719b28ae"><enum>(1)</enum><text>by striking
<quote>$47,000,000,000</quote> and inserting <quote>$100,000,000,000</quote>;
and</text>
</paragraph><paragraph id="ID909325f39dd3404fa4a351fd594fe06b"><enum>(2)</enum><text>by striking
<quote>$18,500,000,000</quote> and inserting
<quote>$54,000,000,000</quote>.</text>
</paragraph></subsection><subsection id="ID323dab5063794dfd8e5bfd44f0bb72dd"><enum>(b)</enum><header>Terms and
conditions</header><text>Section 1702 of the Energy Policy Act of 2005 (42
U.S.C. 16512) is amended—</text>
<paragraph id="idC9D0B729D00D4506A83DB100951AD850"><enum>(1)</enum><text>by striking
subsection (b) and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id37E2DE84FB6A4B6D860FACB26D80C585" style="OLC">
<subsection id="ID19e0cf5b2cb047ff8767ad0840f7f08b"><enum>(b)</enum><header>Specific
appropriation or contribution</header><text>No guarantee shall be made
unless—</text>
<paragraph id="IDb460f37ccea14df4a99a389f3637ac97"><enum>(1)</enum><text>an appropriation
for the cost has been made;</text>
</paragraph><paragraph id="ID7235bb1cf8d143abafc24243755d1d45"><enum>(2)</enum><text>the borrower has
agreed to pay the cost of the obligation pursuant to a method of payment
described in subsection (m); or</text>
</paragraph><paragraph id="ID9cc7073911f04badb6120accb786db9d"><enum>(3)</enum><text>a combination of
an appropriation and a commitment for payment from the borrower, pursuant to
subsection (m), has been made that is sufficient to cover the cost of the
obligation.</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="id0F375968AAAD488BB8432B3CD57A8E77"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="idD86125F675564333B03B5B653CF215FA" style="OLC">
<subsection id="ID9258353ed2624fdbb1cf8687db3d3fe7"><enum>(l)</enum><header>Determination
of the cost of the obligation</header>
<paragraph id="idB2267019BFDB4FD98B269CED287BD361"><enum>(1)</enum><header>In
general</header><text>In the case of any proposed loan guarantee that is
greater than $1,000,000,000, the Secretary shall determine the cost of the
obligation on the basis of a project-specific financial risk assessment
that—</text>
<subparagraph id="IDa6dc562eb0ad4994b407ff6ce56b0804"><enum>(A)</enum><text>reflects the
estimated probability of default commensurate with the credit assessment
performed by an independent rating agency:</text>
</subparagraph><subparagraph id="IDf3718490017846b58d47fadbad8003b6"><enum>(B)</enum><text>reflects the
value of the recovery in the event of default that is estimated on the basis of
the best value to the Federal Government, reflecting a recovery plan submitted
by the borrower; and</text>
</subparagraph><subparagraph id="IDed42c86a493b413b8ba0277850503225"><enum>(C)</enum><text>has been made
available to the borrower for review and comment in draft form prior to a final
determination.</text>
</subparagraph></paragraph><paragraph id="id4E93ED826B0349ED94FB0C24DF668343"><enum>(2)</enum><header>Cost of
obligation paid by borrower</header><text>If the cost of the obligation is paid
by the borrower in accordance with subsection (b)(2), the Secretary may consult
with the Director of Office of Management and Budget on the estimated cost of
the obligation, but the determination of the Secretary shall be final.</text>
</paragraph></subsection><subsection id="ID0607be850bc7494aa92ee3dd9dff4d24"><enum>(m)</enum><header>Method of
payment</header><text>The borrower may provide payment for the cost of the
obligation under paragraph (2) or (3) of subsection (b) by—</text>
<paragraph id="ID2130e1630c42447b8ae5c0ee0730f4ba"><enum>(1)</enum><text>paying the cost
of the obligation in full at the time of the initial drawdown of funds against
the guaranteed obligation;</text>
</paragraph><paragraph id="ID6e32e883be2d42859c25cdea311b4c47"><enum>(2)</enum><text>including the
cost of the obligation within the total principal amount of the obligation,
which shall be paid in full to the Secretary at the time of the initial
drawdown of funds against the guaranteed obligation; or</text>
</paragraph><paragraph id="ID9b11ca61407a41caae92ab72beeefbf8"><enum>(3)</enum><text>providing
evidence of financial assurance at the time of final approval of the guarantee
financial closing to pay the cost of the obligation, in the form of a letter of
credit, performance bond, or corporate guarantee acceptable to the Secretary,
with payments to the Secretary on a pro-rata basis with each drawdown of funds
against the obligation.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDdbff9baca7c14996a648c8c1eaaaa5bf"><enum>(n)</enum><header>Relation to
other laws</header><text>Section 504(b) of the Federal Credit Reform Act of
1990 (2 U.S.C. 661c(b)) shall not apply to a loan guarantee under this
section.</text>
</subsection><subsection id="ID756342496801498d816e71095dd137dc"><enum>(o)</enum><header>Accelerated
reviews</header><text>To the maximum extent practicable and consistent with
sound business practices, the Secretary shall seek to conduct necessary reviews
concurrently of an application for a loan guarantee under this title such that
decisions as to whether to enter into a commitment on the application can be
issued not later than 180 days after the date of submission of a completed
application.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="IDee98e5ae633f4f7589cc865e1cb9da74"><enum>(c)</enum><header>Eligible
projects</header><text>Section 1703(b)(4) of the Energy Policy Act of 2005 (42
U.S.C. 16513(b)(4)) is amended by inserting <quote>(including nuclear power
parts, services, and fuel suppliers, as well as small modular reactors)</quote>
after <quote>energy facilities</quote>.</text>
</subsection></section><enum>III</enum><header>Accelerating
the development of small modular reactors</header>
<section id="id96C0E93054E1465BBCA1DFD712F08B48"><enum>301.</enum><header>Small modular
reactor development and licensing</header>
<subsection id="ID6968682421264095bf72008dc1854acf"><enum>(a)</enum><header>Small modular
reactor design development</header><text>Section 952(c) of the Energy Policy
Act of 2005 (42 U.S.C. 16272(c)) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="id6E890D0CFAFA438DBCD6F8248456774D" style="OLC">
<paragraph id="ID9a327076730a42dc92f9ecf03c91b491"><enum>(3)</enum><header>Small modular
nuclear reactor design development</header>
<subparagraph id="ID3947af4adabd4172b7a0b273de2bc4c1"><enum>(A)</enum><header>In
general</header><text>In carrying out the Program, in accordance with
subparagraph (B), the Secretary shall offer to enter into cooperative
agreements with reactor manufacturers, industrial users, and electric utilities
to develop and license small modular reactors with a rated capacity of less
than 350 electrical megawatts that could be—</text>
<clause id="idE5985EF381D44049A3611C488B806179"><enum>(i)</enum><text>preassembled
separately from a site; and</text>
</clause><clause id="idA3C5AE83B1574E2DB717260E36B3BA81"><enum>(ii)</enum><subclause commented="no" display-inline="yes-display-inline" id="id56AF913A139C4F6E99E930B8B77A913A"><enum>(I)</enum><text>operated singly;
or</text>
</subclause><subclause id="idE641FC36014A4D03921C528AED9BFE4F" indent="up1"><enum>(II)</enum><text>operated in combination with similar
reactors at a single site.</text>
</subclause></clause></subparagraph><subparagraph id="ID11293309c9a04edba30cd00d499ece79"><enum>(B)</enum><header>Requirements</header><text>In
carrying out subparagraph (A), the Secretary shall—</text>
<clause id="IDe3972374fb46468baacfbc17a2a98683"><enum>(i)</enum><text>after considering
input from the National Nuclear Energy Council established under section 602(a)
of the Enabling the Nuclear Renaissance Act regarding the merits of various
designs, ensure that the most feasible designs are developed and submitted to
the Nuclear Regulatory Commission for design certification and
licensing;</text>
</clause><clause id="ID4b4e8098cf0140d18c1644cccd36a79a"><enum>(ii)</enum><text>with respect to
each reactor design to be developed, pay to the applicants 50 percent of any
costs arising from the design development and engineering, preapplication
design certification and early site permit development and licensing, design
and licensing reviews, design certification and licensing fees of the Nuclear
Regulatory Commission, and postapplication engineering development of—</text>
<subclause id="ID05c3bf60ea954b839c8d81105f9acbd2"><enum>(I)</enum><text>the design
certification of the reactor;</text>
</subclause><subclause id="IDe3afaff8d397431bb16d54076e449c35"><enum>(II)</enum><text>the first early
site permits for the reactor; and</text>
</subclause><subclause id="ID5ab8c31cd49c4f038775c8a0de0b8f2c"><enum>(III)</enum><text>the first
combined operating license for the reactor; and</text>
</subclause></clause><clause id="ID29f87f8506c146d28657a1b8fe5e282a"><enum>(iii)</enum><text>with respect to
each reactor design that receives a combined license, pay to the combined
license holder 50 percent of any costs arising from construction of the first
reactor plant.</text>
</clause></subparagraph><subparagraph id="IDfc80e5275aa4424bbcc5f887e03b2a89"><enum>(C)</enum><header>Programs</header><text>The
Secretary shall carry out—</text>
<clause id="ID0a8a3402d4e94853aa47b3ec54db4a0b"><enum>(i)</enum><text>a
program—</text>
<subclause id="id54AEDD0ED4A046CBBC244AC15503BCE5"><enum>(I)</enum><text>to develop
designs for several small modular reactors; and</text>
</subclause><subclause id="idB8C66AB524044509A6B875C449418DE4"><enum>(II)</enum><text>through which to
obtain a design certification from the Nuclear Regulatory Commission for not
less than 1 design by January 1, 2016;</text>
</subclause></clause><clause id="IDc38236e97eef4861bb13b365a924ef3f"><enum>(ii)</enum><text>a
program—</text>
<subclause id="idAD9D0DDBDEFB477B9021A63958D4059D"><enum>(I)</enum><text>to demonstrate
the licensing of small modular reactors by developing applications for a
combined license for each design certified under clause (i)(II); and</text>
</subclause><subclause id="id390B9FE3A1E842C1B06F85907D01380F"><enum>(II)</enum><text>through which to
obtain a combined license from the Nuclear Regulatory Commission for not less
than 1 design certified under clause (i)(II) by January 1, 2018; and</text>
</subclause></clause><clause id="IDbf1b141d563d476481a97f72c75e989c"><enum>(iii)</enum><text>a program to
demonstrate by January 1, 2021, the construction and operation of small modular
reactors by constructing and achieving power operation of not less than 1 small
modular reactor licensed under clause (ii)(II).</text>
</clause></subparagraph><subparagraph id="IDbddcbf6a20b04aeebe450cdf51e5f8c5"><enum>(D)</enum><header>Target dates
for completion</header>
<clause id="id1577971B8F884AD8847C90D1D635305E"><enum>(i)</enum><header>In
general</header><text>To the maximum extent practicable, and through the best
efforts of the Secretary, the Secretary shall ensure that the Program meets the
applicable target dates described in subparagraph (C).</text>
</clause><clause id="idB15E4BA3CF034E8F83E20A831E1E29CC"><enum>(ii)</enum><header>Report</header><text>If
the Secretary determines that any target date described in subparagraph (C)
will not be met, the Secretary shall submit to the appropriate committees of
Congress a report that establishes an alternate target date for
completion.</text>
</clause></subparagraph><subparagraph id="IDc99da9f3bc47427f89ac3f28a03d41da"><enum>(E)</enum><header>Merit review of
proposals</header><text>The Secretary shall select proposals for cooperative
agreements under this paragraph—</text>
<clause id="ID3bdc5650035e4f42af11174fd6682190"><enum>(i)</enum><text>through the use
of competitive procedures; and</text>
</clause><clause id="IDe2aee98b6c8a4ba493422f6a007a6747"><enum>(ii)</enum><text>on the basis of
an impartial review of the merit of the proposals that takes into
account—</text>
<subclause id="id7CD09C89B97341C98D5B802F7B09F798"><enum>(I)</enum><text>the safety,
demonstrated and potential market demand, technical merit and feasibility,
efficiency, cost, used fuel disposal, and proliferation resistance of each
competing reactor designs; and</text>
</subclause><subclause id="id72D50990436F48F3A205E34A3FB559D1"><enum>(II)</enum><text>input from the
National Nuclear Energy Council established under section 602(a) of the
Enabling the Nuclear Renaissance Act.</text>
</subclause></clause></subparagraph><subparagraph id="IDec255b6fc45f4ff193ffe9a1baecc6c3"><enum>(F)</enum><header>Authorization
of appropriations</header>
<clause id="id152EE31FAA904A70962A4D57D50840EA"><enum>(i)</enum><header>Department of
Energy</header><text>There is authorized to be appropriated to the Secretary to
carry out this paragraph $100,000,000 for each of fiscal years 2011 through
2020, to remain available until expended.</text>
</clause><clause id="id49D803B9C33C414D94FE11199A538B17"><enum>(ii)</enum><header>Nuclear
Regulatory Commission</header><text>There are authorized to be appropriated to
the Nuclear Regulatory Commission to carry out this section such sums as are
necessary.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><enum>IV</enum><header>Improving the
licensing process</header>
<section id="id78968FB553E94F6D811B0A035B7EDFC4"><enum>401.</enum><header>Elimination of
mandatory hearing for uncontested license applications</header>
<subsection id="IDbc10ad77ba0b47b2961e66a4b4bfd60e"><enum>(a)</enum><header>Permits and
licenses</header><text>Section 185 b. of the Atomic Energy Act of 1954 (42
U.S.C. 2235 b.) is amended in the first sentence—</text>
<paragraph id="ID012fe4474a214f66a50df06fcf2cfefd"><enum>(1)</enum><text>by striking
<quote>public hearing</quote> and inserting <quote>hearing</quote>; and</text>
</paragraph><paragraph id="IDf5ba99a4e67e4d4ca769572c9c3946d3"><enum>(2)</enum><text>by inserting
<quote>or if the Commission has determined that no hearing is required to be
held under that section,</quote> after <quote>section 189 a.
(1)(A),</quote>.</text>
</paragraph></subsection><subsection id="ID969547c1920146f1aa6e53f5a00d21fa"><enum>(b)</enum><header>Hearings and
judicial review</header><text>Section 189 of the Atomic Energy Act of 1954 (42
U.S.C. 2239) is amended—</text>
<paragraph id="ID35a241dcf8724159b3fd0bbf5f5dce99"><enum>(1)</enum><text>in subsection
a.—</text>
<subparagraph id="IDc7436395d28d4cfa8d013f51fd671329"><enum>(A)</enum><text>in paragraph
(1)(A)—</text>
<clause id="IDa9d72c35c8f74dbf90d676b08681f889"><enum>(i)</enum><text>in
the second sentence—</text>
<subclause id="ID11a42189cf1b486f9fa9f54c5cf36d9e"><enum>(I)</enum><text>by striking
<quote>The Commission</quote> and all that follows through <quote>Federal
Register, on</quote> and inserting <quote>On</quote>;</text>
</subclause><subclause id="ID0efd718757324810b04d4477691f2eef"><enum>(II)</enum><text>by inserting
<quote>or an operating license</quote> after <quote>construction permit</quote>
each place it appears; and</text>
</subclause><subclause id="IDc50bb57ed5dd45e1b2b20d069bb56b33"><enum>(III)</enum><text>by striking the
period at the end; and</text>
</subclause></clause><clause id="IDbf69143f946848fcbf4bd3ac56e63800"><enum>(ii)</enum><text>in
the third sentence—</text>
<subclause id="IDf09f178678b54b5f94f799a27aa5304c"><enum>(I)</enum><text>by striking
<quote>In cases</quote> and all that follows through <quote>such a
hearing</quote>;</text>
</subclause><subclause id="ID204230b472c94c3a8f03a3ae3609c82a"><enum>(II)</enum><text>by striking
<quote>therefor</quote> and inserting <quote>for a hearing</quote>; and</text>
</subclause><subclause id="ID3352b7f3b8d448c594f6ad3b236e7730"><enum>(III)</enum><text>by striking
<quote>issue an operating license</quote> and inserting <quote>issue a
construction permit, an operating license,</quote>; and</text>
</subclause></clause></subparagraph><subparagraph id="IDc5c08b7cc2124b3997690bf84a416207"><enum>(B)</enum><text>in paragraph
(2)(A), in the second sentence, by striking <quote>required hearing</quote> and
inserting <quote>hearing held by the Commission under this section</quote>;
and</text>
</subparagraph></paragraph><paragraph id="IDfd7b840542bc447991f339b2c0c3dbbf"><enum>(2)</enum><text>in subsection b.
(2), by striking <quote>to begin operating</quote> and inserting <quote>to
operate</quote>.</text>
</paragraph></subsection><subsection id="IDb7dc9d5fa22c482092c367c239d965ab"><enum>(c)</enum><header>Adjudicatory
hearing</header><text>Section 193(b) of the Atomic Energy Act of 1954 (42
U.S.C. 2243(b)) is amended—</text>
<paragraph id="IDd4191b1d5fc24e6aa6578f6934a0b1d6"><enum>(1)</enum><text>in paragraph (1),
by striking <quote>on the record</quote> and all that follows through
<quote>and 63</quote> and inserting <quote>if a person the interest of whom may
be affected by the construction and operation of a uranium enrichment facility
under sections 53 and 63 has requested a hearing regarding the licensing of the
construction and operation of the facility</quote>; and</text>
</paragraph><paragraph id="IDd3bf933e7c52431788e7afaf8ec191c4"><enum>(2)</enum><text>in paragraph (2),
by striking <quote>Such hearing</quote> and inserting <quote>If a hearing is
held under paragraph (1), the hearing</quote>.</text>
</paragraph></subsection><subsection id="IDadfefa2a5bd645608ad9a9b87ad55067"><enum>(d)</enum><header>Applicability</header><text>The
amendments made by this section shall apply with respect to each application
and proceeding pending before the Nuclear Regulatory Commission as of the date
of enactment of this Act.</text>
</subsection></section><section id="IDcae6dbbf559e4891bf6e40004708b88c"><enum>402.</enum><header>Waste
confidence</header><text display-inline="no-display-inline">Section 182 of the
Atomic Energy Act of 1954 (42 U.S.C. 2232) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="idAB2E8DF13BC1421D96269DAE533C066E" style="OLC">
<subsection id="IDf783cd42443b4e0db2df2d4370b3ec7f"><enum>(e)</enum><header>Nuclear waste
confidence</header><text>In considering applications for the construction and
operation of a nuclear facility submitted to the Commission under section 103
or 104, the Commission shall assume that sufficient capacity will be available
in a timely manner to dispose of spent nuclear fuel and high-level radioactive
waste resulting from the operation of the nuclear facility that is the subject
of the
application.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="ID5aa5f202763e4b0fa6efc442f73fa830"><enum>403.</enum><header>Environmental
reviews for nuclear energy projects</header><text display-inline="no-display-inline">Section 185 b. of the Atomic Energy Act of
1954 (42 U.S.C. 2235 b.) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id50AE947FCD65437D8EF1C1F41ED49B84" style="OLC">
<subsection id="IDfc62aff69ad74494b14f72fefa2793f2"><enum>(c)</enum><header>Environmental
reviews for nuclear energy projects</header>
<paragraph id="ID8a17b58d2dba4ca08c131f5be2745184"><enum>(1)</enum><header>In
general</header><text>In a proceeding for a combined construction permit and
operating license for a site for which an early site permit has been issued,
any environmental impact statement prepared by the Commission and cooperating
agencies shall be prepared as a supplement to the environmental impact
statement prepared for the early site permit.</text>
</paragraph><paragraph id="IDd53598a3a6b043ab8d372d29c9a858b2"><enum>(2)</enum><header>Incorporation
by reference</header><text>The supplemental environmental impact statement
shall incorporate by reference the analysis, findings, and conclusions from the
environmental impact statement prepared for the early site permit,
supplementing the discussion, analyses, findings, and conclusions on matters
resolved in the early site permit proceeding only to the extent necessary to
address information that is—</text>
<subparagraph id="ID5fe9ea791fad498fb0cdf23a2c5cb31b"><enum>(A)</enum><text>new; and</text>
</subparagraph><subparagraph id="ID7a5adb81921e40f0a071466e82e1ec48"><enum>(B)</enum><text>significant in
that the information would materially change the prior findings or
conclusions.</text>
</subparagraph></paragraph><paragraph id="ID76e8384d8f6f4697a7e9b6e8986ff043"><enum>(3)</enum><header>Regulations</header><text>Not
later than 90 days after the date of enactment of this subsection, the
Commission shall initiate rulemaking to amend the regulations of the Commission
to implement this subsection.</text>
</paragraph><paragraph id="ID020a4f00d26846f8b74c9a264eae541b"><enum>(4)</enum><header>Relationship to
other law</header><text>Nothing in this section exempts the Commission from any
requirement for full compliance with section 102(2)(C) of the National
Environmental Policy Act of 1969 (42 U.S.C.
4332(2)(C)).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>V</enum><header>Developing the
nuclear workforce</header>
<section id="idBD8C61B2E52D4838B8FD1AA97C6EF182"><enum>501.</enum><header>Training the
next generation nuclear workforce</header>
<subsection id="ID09193f83b0204d1a9497658f89dd077c"><enum>(a)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to the
Secretary of Energy to carry out each authorized use described in subsection
(b) $15,000,000 for each of fiscal years 2011 through 2020.</text>
</subsection><subsection id="idCF2A5BC7DB504C688311BF06EE28F747"><enum>(b)</enum><header>Use of
funds</header><text>Of the amounts made available under subsection (a), the
Secretary of Energy shall—</text>
<paragraph id="IDbe1076ecefce445d8a382ec361c20c4f"><enum>(1)</enum><text>use such amounts
as are necessary to increase the number and amounts of nuclear science talent
expansion grants and nuclear science competitiveness grants provided under
section 5004 of the America COMPETES Act (42 U.S.C. 16532);</text>
</paragraph><paragraph id="ID336364460a0d4fc1bd16a2a5d8061a2b"><enum>(2)</enum><text>in coordination
with the Secretary of Education, use $5,000,000 to support nuclear science and
engineering in primary and secondary education in the United States; and</text>
</paragraph><paragraph id="ID53a5ae109deb4e0b8a0422768f58c34c"><enum>(3)</enum><text>in coordination
with the Secretary of Labor, and in consultation with nuclear energy entities
and organized labor, use $5,000,000 to expand workforce training to meet the
high demand for workers skilled in nuclear power plant construction and
operation, including programs for—</text>
<subparagraph id="ID72396b8bd5af4ea1a88fe1ec9dae797a"><enum>(A)</enum><text>electrical craft
certification;</text>
</subparagraph><subparagraph id="ID04fadef881a14c7a90ff2e43750f6388"><enum>(B)</enum><text>preapprenticeship
career technical education for industrialized skilled crafts that are useful in
the construction of nuclear power plants;</text>
</subparagraph><subparagraph id="IDce428fc647c34d02ad52af82b592a00c"><enum>(C)</enum><text>community college
and skill center training for nuclear power plant technicians;</text>
</subparagraph><subparagraph id="ID9276a84c194343ddb21b1b8b6c6e717d"><enum>(D)</enum><text>training of
construction management personnel for nuclear power plant construction
projects; and</text>
</subparagraph><subparagraph id="IDf76d20f385614afc87344804b83984c1"><enum>(E)</enum><text>regional grants
for integrated nuclear energy workforce development programs.</text>
</subparagraph></paragraph></subsection></section><enum>VI</enum><header>Developing
infrastructure</header>
<section id="id04B34C11538E4923B9643B86BCDB1D8C"><enum>601.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="id3A7592BF0CCC4C3E9FE53B2062C0D6DE"><enum>(1)</enum><header>Advisory
Committee</header><text>The term <term>Advisory Committee</term> means the
Advisory Committee on Energy Park Development established under section
604(a).</text>
</paragraph><paragraph id="id109AD2748E1140E4B95641859D374F24"><enum>(2)</enum><header>Council</header><text>The
term <term>Council</term> means the National Nuclear Energy Council established
under section 602(a).</text>
</paragraph><paragraph id="idC2AAB13E1F5B46419A19903E1CB64A35"><enum>(3)</enum><header>Department</header><text>The
term <term>Department</term> means the Department of Energy.</text>
</paragraph><paragraph id="idE0DFAAB8200C4D03BD2C337311093B61"><enum>(4)</enum><header>Initiative</header><text>The
term <term>Initiative</term> means the Energy Park Initiative established under
section 603(a).</text>
</paragraph><paragraph commented="no" id="idD7B0DD9CBE474978AA35F8B69D1A1C48"><enum>(5)</enum><header>Institution of
higher education</header><text display-inline="yes-display-inline">The term
<term>institution of higher education</term> has the meaning given the term in
section 101(a) of the Higher Education Act of 1965 (20 U.S.C. 1001(a)).</text>
</paragraph><paragraph id="ID98E6438C5D8942F49E3F464A7FD4D82C"><enum>(6)</enum><header>National
Laboratory</header><text>The term <term>National Laboratory</term> has the
meaning given the term in section 2 of the Energy Policy Act of 2005 (42 U.S.C.
15801).</text>
</paragraph><paragraph id="idB07FD56570404463B4B965F25D24F03E"><enum>(7)</enum><header>Program</header><text>The
term <term>Program</term> means the <quote>N</quote> Prize Program described in
section 605(a).</text>
</paragraph><paragraph id="id2647955CE9614B1ABFD72781748DCEFD"><enum>(8)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of Energy.</text>
</paragraph></section><section id="idFFBE548732F8416C974547AD169B9BCF"><enum>602.</enum><header>National
nuclear energy council</header>
<subsection id="ID803bff78551e4f88873b44dd2b433642"><enum>(a)</enum><header>Establishment</header><text>As
soon as practicable, but not later than 90 days after the date of enactment of
this Act, the Secretary shall establish a council to be known as the
<quote>National Nuclear Energy Council</quote>.</text>
</subsection><subsection id="ID820f9dc5fdb64bc8bb164f4d04babd07"><enum>(b)</enum><header>Membership;
Chairperson</header>
<paragraph id="ID863c1adbd8af4570844e8cd1004902c8"><enum>(1)</enum><header>Membership</header><text>The
Secretary shall appoint each member of the Council.</text>
</paragraph><paragraph id="id846EA779FA204291AE0F7A16E406FC97"><enum>(2)</enum><header>Composition</header><text>The
Council shall be composed of 15 members, of which not less than 6 members shall
represent the nuclear energy industry in the United States and international
marketplace.</text>
</paragraph><paragraph id="ID1E82C49D916F4B068A2D96CD14B3CCEF"><enum>(3)</enum><header>Chairperson</header><text>The
Council shall select a Chairperson from among the members of the
Council.</text>
</paragraph></subsection><subsection id="ID3c209f76f7044eadbb19e0c8e2194719"><enum>(c)</enum><header>Study and
administrative committees</header>
<paragraph id="id929766E833BB4007A34F468FEEDADDCA"><enum>(1)</enum><header>In
general</header><text>The Chairman of the Council may establish 1 or more study
and administrative committees as the Chairman of the Council determines to be
appropriate.</text>
</paragraph><paragraph id="id42D559B0171F427EBA35AEAD3CDBA856"><enum>(2)</enum><header>Study
committees</header>
<subparagraph id="id77CF128B932B44D59D8F162DA0A5BF0A"><enum>(A)</enum><header>Use</header><text>A
study committee established under paragraph (1) may only assist the Council in
preparing any advice, information, or recommendation.</text>
</subparagraph><subparagraph id="idEF8C4D88BF984809AD098A8EB32F122A"><enum>(B)</enum><header>Authority</header><text>In
carrying out subparagraph (A), a study committee may—</text>
<clause id="idA63DA0C876984608A5BA81D0E216561D"><enum>(i)</enum><text>carry out 1 or
more studies; and</text>
</clause><clause id="id0E182C8735314AB7B324EF56744B71A2"><enum>(ii)</enum><text>submit to the
Chairperson of the Council a report that contains a description of the results
of each study carried out under clause (i).</text>
</clause></subparagraph></paragraph><paragraph id="id6220986B3BB346EB9E989938BD28B505"><enum>(3)</enum><header>Purpose of
administrative committees</header><text>An administrative committee may be
established under paragraph (1) solely for the purpose of assisting the Council
in the management of the internal affairs of the Council.</text>
</paragraph></subsection><subsection id="ID20e5104c824e4a68b0905196dda9140a"><enum>(d)</enum><header>Meetings</header>
<paragraph id="ID7eaab969b2884c8294e85e8139dc79b9"><enum>(1)</enum><header>Frequency</header><text>The
Chairperson of the Council shall call a meeting of the Council not less than 2
times per calendar year.</text>
</paragraph><paragraph id="ID0f6dcd976e484b239f13ede69c56ca48"><enum>(2)</enum><header>Public
notice</header><text>The Chairperson of the Council shall ensure that—</text>
<subparagraph id="id2193187DACFC47D98B26523A8EAFC1DD"><enum>(A)</enum><text>the time and
location of each meeting of the Council is made publicly available; and</text>
</subparagraph><subparagraph id="idE363CA6BDA2D49EC93A8B0AFA91FF493"><enum>(B)</enum><text>each meeting of
the Council is open to the public.</text>
</subparagraph></paragraph></subsection><subsection id="id047361F21D1240CB89A535C28490E6A3"><enum>(e)</enum><header><act-name parsable-cite="FACA">Federal Advisory Committee
Act</act-name></header><text>The Council shall be subject to the
<act-name parsable-cite="FACA">Federal Advisory Committee Act</act-name> (5
U.S.C. App.).</text>
</subsection><subsection id="IDff0b6b5291974d28ad40166178d03f92"><enum>(f)</enum><header>Duties</header>
<paragraph id="idC27EBF045C074A4BB3A046EBA4B13C0C"><enum>(1)</enum><header>In
general</header><text>The Council shall—</text>
<subparagraph id="id537772980E41437290FF353DB03671E7"><enum>(A)</enum><text>serve in an
advisory capacity to the Secretary on matters relating to nuclear energy to
provide a forum for industry, the President, Federal agencies, National
Laboratories, and the financial community to develop a common understanding and
vision in continuing a nuclear renaissance in the United States;</text>
</subparagraph><subparagraph id="id3235E1C4CD3B48A2B9FFA1AC2315B68F"><enum>(B)</enum><text>initiate, advise,
inform, and make recommendations to the Secretary with respect to any matter
relating to nuclear energy, including implementation strategies, challenges,
and gaps needed to improve competitiveness in the national and international
marketplace, including—</text>
<clause id="idD30FB69E784447E7A1C98E0EBC798EA2"><enum>(i)</enum><text>enhancing
operating nuclear facilities;</text>
</clause><clause id="id089858E1AFD74F32BD86F8857219B9F4"><enum>(ii)</enum><text>developing new
nuclear facilities (considering safety, market demand, financial aspects, and
licensing issues);</text>
</clause><clause id="idC15E7B06B64C44D58AC0D8CDF8804796"><enum>(iii)</enum><text>developing
infrastructure for human capital and manufacturing; and</text>
</clause><clause id="idAE3178ACEFEB48F7B147625BC7D581E5"><enum>(iv)</enum><text>considering
issues regarding the nuclear fuel cycle; and</text>
</clause></subparagraph><subparagraph id="idB7D696677E42454FBDD75BD51E3624B3"><enum>(C)</enum><text>develop guidance
to investors of nuclear energy initiatives as the Council determines to be
appropriate to assist the investors in bringing products and services of the
investors to the marketplace.</text>
</subparagraph></paragraph><paragraph id="ID4cdf5e06990f4b2a8fc99d30758d2e6d"><enum>(2)</enum><header>Annual
reports</header><text>Not later than 1 year after the date of enactment of this
Act and annually thereafter, the Chairperson of the Council shall submit to the
President, the Secretary, and the appropriate committees of Congress a report
that, for the period covered by the report, contains—</text>
<subparagraph id="id31B6EEE845A74A80BC763DDFAD3F0CC4"><enum>(A)</enum><text>a description of
each action carried out under this section (including any resulting input and
recommendations to the Secretary); and</text>
</subparagraph><subparagraph id="id4B8C2E570B1348A0A31B27DD476D4841"><enum>(B)</enum><text>recommendations
of the Chairperson of the Council regarding any action that has or, in the
judgement of the Chairperson of the Council, should be taken to carry out this
section.</text>
</subparagraph></paragraph></subsection><subsection id="ID7a05b423990942df86664cc0cff9a86a"><enum>(g)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to
carry out this section such sums as are necessary.</text>
</subsection></section><section id="IDebed122f2dc64b27b74573e09340910a"><enum>603.</enum><header>Energy park
initiative</header>
<subsection id="ID8d2f7c0a56f841f6bf73bd462ee7e36a"><enum>(a)</enum><header>Establishment</header><text>As
soon as practicable after the date of enactment of this Act, the Secretary
shall establish a program to be known as the <quote>Energy Park
Initiative</quote> to address strategies of the Federal Government for the
transition, reuse, and economic development of Department of Energy nuclear
sites and facilities (with particular emphasis on Department of Energy nuclear
sites and facilities that require environmental remediation).</text>
</subsection><subsection id="ID1372289fd5324273a2d76025d809e28c"><enum>(b)</enum><header>Objectives</header><text>The
Initiative shall take into consideration the following objectives:</text>
<paragraph id="ID9515b7355da140f386147517b05d7caf"><enum>(1)</enum><text>Energy security,
energy independence, nuclear material disposition, and energy sector
employment.</text>
</paragraph><paragraph id="ID480827716f604657987a1a65e29fb870"><enum>(2)</enum><text>Reducing the
active area and total number of sites that require environmental
remediation.</text>
</paragraph><paragraph id="ID3658584baf2145fca06cb3a909fca7d2"><enum>(3)</enum><text>Reducing the
overall life-cycle cost of the environmental cleanup program of the
Department.</text>
</paragraph><paragraph id="IDcb4452bd25dd4a0fb2df9f3461d3eb65"><enum>(4)</enum><text>Converting the
liabilities of the Office of Environmental Management of the Department
(including contaminated sites, facilities, and materials) into assets to solve
critical national energy issues.</text>
</paragraph><paragraph id="ID977303c8ef4b4517abe1437772e213ac"><enum>(5)</enum><text>Demonstrating the
effective partnering of the Department, other Federal agencies, private
industry, State and local governments, and local communities.</text>
</paragraph><paragraph id="ID167973ef51904c39bb0378209b3c7d26"><enum>(6)</enum><text>Accelerating the
siting and permitting of new energy facilities by benefitting from the
extensive meteorological, technical, and natural resource data obtained
through—</text>
<subparagraph id="id300C2BA143A84789B3D9B405F9955F67"><enum>(A)</enum><text>previously
conducted activities of the Department; and</text>
</subparagraph><subparagraph id="idE7C0DE62790B4281B4E0E1DA7C5A32F3"><enum>(B)</enum><text>the experience of
the workforce of the Department.</text>
</subparagraph></paragraph><paragraph id="ID778046cfb19f45e5bf2ea7f9db80a3b9"><enum>(7)</enum><text>Preserving and
enhancing the economies of State and local host communities of Department
sites, with emphasis on sites under the jurisdiction of the Office of
Environmental Management of the Department with energy
reindustrialization.</text>
</paragraph></subsection><subsection id="ID7214a897052940dd9245e5e7c058b0c7"><enum>(c)</enum><header>Administration</header>
<paragraph id="ID43153d03019f46f0a378c5e7630e2690"><enum>(1)</enum><header>In
general</header><text>The Initiative shall be managed by the Deputy Secretary,
in coordination with each other major program office of the Department.</text>
</paragraph><paragraph id="idC8D5699511DB43A7BD88475DFC8F3C44"><enum>(2)</enum><header>Inclusions</header><text>The
Initiative shall be carried out in a manner to ensure—</text>
<subparagraph id="ID9bc9bbffd14740be87e49fa8c4db2bac"><enum>(A)</enum><text>the use of the
expertise and capabilities of industry, institutions of higher education, and
National Laboratories; and</text>
</subparagraph><subparagraph id="IDa73c1956bb714cf280dfa56592df9739"><enum>(B)</enum><text>the participation
of the Advisory Committee.</text>
</subparagraph></paragraph></subsection><subsection id="ID97eb57dc60604abca1a171d41f1da4e4"><enum>(d)</enum><header>Reports</header>
<paragraph id="ID17686202fccb4956be2d6671f7e448cb"><enum>(1)</enum><header>Annual
reports</header><text>Not later than 1 year after the date of enactment of this
Act and annually thereafter, the Secretary shall submit to the appropriate
committees of Congress a report that contains, for the period covered by the
report, a description of—</text>
<subparagraph id="id80B54E3B50394D2E85EA059148788DCF"><enum>(A)</enum><text>each action
carried out under this section; and</text>
</subparagraph><subparagraph id="idC503A725C2774B23B93565B5AEF5A2FF"><enum>(B)</enum><text>any
recommendations of the Secretary for further action (including any budget
recommendations and recommendations for legislative changes to Federal
laws).</text>
</subparagraph></paragraph><paragraph id="IDf3b90b56c46243fbb6e132457ffd7d36"><enum>(2)</enum><header>Site capability
report</header><text>Not later than 180 days after the date of enactment of
this Act, the Secretary shall submit to the appropriate committees of Congress
a report that contains—</text>
<subparagraph id="id5D717902B20F41BF8B332377BF7DA821"><enum>(A)</enum><text>an initial
evaluation of key assets for which accelerated completion of the Initiative is
feasible;</text>
</subparagraph><subparagraph id="idE9D3BAFD05634F6A83E6E0CDFEE2B682"><enum>(B)</enum><text>a description
prepared in collaboration with State and local stakeholders that establishes
the most significant parameters for development, which shall include—</text>
<clause id="ID7dac8e69902040609dbcf7d354798269"><enum>(i)</enum><text>infrastructure
(including roads, buildings, equipment, utilities, barge and rail access,
transmission systems, and specialty features and capability);</text>
</clause><clause id="ID7dcf03966c564582a4f02ea9ba276aab"><enum>(ii)</enum><text>natural
resources;</text>
</clause><clause id="IDaa42075611594000ba32b55797b14161"><enum>(iii)</enum><text>institutional
controls (including physical control, water rights, permits for the National
Pollutant Discharge Elimination System and other permits, buffer areas,
environmental and seismic characterization, and security); and</text>
</clause><clause id="IDfd689e01688047ad8fc2dda22cd75140"><enum>(iv)</enum><text>human and
economic capital, including an estimate of jobs involved; and</text>
</clause></subparagraph><subparagraph id="ID918ae825b2774f348cd4e84c0bcd0ec4"><enum>(C)</enum><text>an estimate
of—</text>
<clause id="id004E76AD50DD4DD8A9A0FBECDDBA1509"><enum>(i)</enum><text>the
resources required to accelerate completion of the Initiative;</text>
</clause><clause id="id96BE61A6DE0A48A3A763FF2A83C24790"><enum>(ii)</enum><text>each timeframe
for the accelerated completion of the Initiative, and</text>
</clause><clause id="idE6C8DA190F394AAF92E62BA7591C5586"><enum>(iii)</enum><text>the number of
jobs involved during each applicable timeframe.</text>
</clause></subparagraph></paragraph></subsection><subsection id="ID564ed53b38a34fb981cea498b91fb5b4"><enum>(e)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to the
Secretary to carry out this section $10,000,000 for each of fiscal years 2011
through 2015.</text>
</subsection></section><section id="IDe78296ed4da84e3c987d53652ba0d60d"><enum>604.</enum><header>Advisory
committee on energy park development</header>
<subsection id="ID2f8b9181689f48019bd50d9a98ab831d"><enum>(a)</enum><header>Establishment</header><text>Not
later than 180 days after the date of enactment of this Act, the Secretary
shall establish an advisory committee to be known as the <quote>Advisory
Committee on Energy Park Development</quote> to provide advice and
recommendations to the Secretary on the development of energy parks at
Department sites and facilities, with particular emphasis on the reuse of the
assets of the Office of Environmental Management of the Department to maximize
redevelopment benefits for communities.</text>
</subsection><subsection id="ID064bef07170a4f9387995524e10ec12e"><enum>(b)</enum><header>Membership</header><text>The
Secretary shall ensure that the Advisory Committee has a balanced membership
that includes members with expertise in—</text>
<paragraph id="ID304c3a2cebd34af49a38de87250b6f4a"><enum>(1)</enum><text>State and local
governmental programs;</text>
</paragraph><paragraph id="IDff58f7fdd0c0407da648da273696b7a6"><enum>(2)</enum><text>independent
economic development associations or local economic development councils;
and</text>
</paragraph><paragraph id="IDbd70af61753d4c02a470d8c168f08bcf"><enum>(3)</enum><text>environmental
health, including experience in radiation health physics and industrial
hygiene.</text>
</paragraph></subsection><subsection id="ID6abf8314493c4e6ca76467f9d0e4731d"><enum>(c)</enum><header>Meetings</header><text>The
Secretary shall establish a regular schedule of meetings for the Advisory
Committee.</text>
</subsection><subsection id="id0CB61A982701446F83878050592472BD"><enum>(d)</enum><header>Duties</header>
<paragraph id="id4AC5E6C7A0644FEBB1AF780321024851"><enum>(1)</enum><header>In
general</header><text>The Advisory Committee shall provide advice and expertise
to the Secretary to assist the Secretary in carrying out the duties of the
Secretary under this subtitle.</text>
</paragraph><paragraph id="ID1d535a142a794f1aa66ec6dcc5e9ead1"><enum>(2)</enum><header>Coordination</header><text>In
carrying out the duties of the Advisory Committee, to the maximum extent
practicable, the Advisory Committee shall solicit advice and recommendations
from community and external liaison groups (with emphasis on Environmental
Management Site-Specific Advisory Boards), including—</text>
<subparagraph id="id5858C769B0894A01A4670E0944FEC751"><enum>(A)</enum><text>the National
Governors Association;</text>
</subparagraph><subparagraph id="idFB159C4CE46844CD97C5526A67D4430E"><enum>(B)</enum><text>the National
Association of Attorneys General;</text>
</subparagraph><subparagraph id="id8C7CD4DBECB34396BF3900FCDCBC48E5"><enum>(C)</enum><text>State and tribal
governments;</text>
</subparagraph><subparagraph id="id491272456F4B4B26B4C7AEF761E298F9"><enum>(D)</enum><text>working
groups;</text>
</subparagraph><subparagraph id="idB0BA81B119B944BBADD038EB28F16D97"><enum>(E)</enum><text>the Energy
Communities Alliance; and</text>
</subparagraph><subparagraph id="id2BC5055127D4479E84BD212C26CB3019"><enum>(F)</enum><text>the Environmental
Council of the States.</text>
</subparagraph></paragraph></subsection><subsection id="ID5882026297914ee3a26a24ea1f11f3f9"><enum>(e)</enum><header>Federal
Advisory Committee Act exemption</header><text>The Advisory Committee shall not
be subject to section 14 of the <act-name parsable-cite="FACA">Federal Advisory
Committee Act</act-name> (5 U.S.C. App.).</text>
</subsection></section><section id="ID9fe57506694941dea4a6cb5c1c3717aa"><enum>605.</enum><header>‘N’ prize
program authority</header>
<subsection id="ID7bdb0687193d4faa9a59e191bf2185e7"><enum>(a)</enum><header>Authority</header><text>The
Secretary shall establish and carry out a program—</text>
<paragraph id="id25ADDFDA57614A1BB55E98C360DED165"><enum>(1)</enum><text>to be known as
the <quote><quote>N</quote> Prize Program</quote>; and</text>
</paragraph><paragraph id="id4A074EDDC9DF48259E8A111C42E7ED64"><enum>(2)</enum><text>to award cash
prizes in recognition of a limited number of breakthrough achievements in
research, development, demonstration, and commercial application that the
Secretary considers to have the potential for application with respect to the
performance of the nuclear mission of the Department.</text>
</paragraph></subsection><subsection id="ID34257ed805034c4faeddbfac6696f8cb"><enum>(b)</enum><header>Competition
requirements</header><text>The Program may include prizes for the achievement
of goals established by the Secretary in a specific area through a widely
advertised solicitation for submission of results for research, development,
demonstration, or commercial application projects.</text>
</subsection><subsection id="ID4ffa2ccb5e7a4c5bafa29fe7f75c842d"><enum>(c)</enum><header>Relationship to
other authority</header><text>The Program may be carried out in conjunction
with, or in addition to, any other authority of the Secretary to acquire,
support, or stimulate research, development, demonstration, or commercial
application projects, including Advanced Research Projects
Agency—Energy.</text>
</subsection><subsection id="ID3af06b69046a4cefb9934268366bd537"><enum>(d)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to the
Secretary to carry out this section $15,000,000, to remain available until
expended.</text>
</subsection></section><enum>VII</enum><header>Enhancing
regulatory authority</header>
<section id="idAFE48A3BA7894EDBAA4D4DC5A23F89A2"><enum>701.</enum><header>Continuation
of service</header><text display-inline="no-display-inline">Section 201(c) of
the Energy Reorganization Act of 1974 (42 U.S.C. 5841(c)) is amended—</text>
<paragraph id="IDf3598cae0e0c444fba2c1fd4264a94d2"><enum>(1)</enum><text>by striking
<quote>(c) Each member</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id76684950A7A54D249DFAF27704499916" style="OLC">
<subsection id="IDbdcb756e782144a5bdacf5b320ead5b7"><enum>(c)</enum><header>Service of
members</header>
<paragraph id="ID20d69efbcd5c48deb5f7f5f709afa1da"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), each
member</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="IDc8dbe10534fe456cbcf7b0af4ab27d21"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id33C0A1F51B784999AC17D287C17C74AC" style="OLC">
<paragraph id="ID377c3698ae594957b465c60b5f98de97"><enum>(2)</enum><header>Extended
service by members of commission</header>
<subparagraph id="ID7c641a71ee8e49be8c8dbfd48570db99"><enum>(A)</enum><header>In
general</header><text>Except as provided in subparagraph (B), a member of the
Commission may serve on the Commission after the date on which the term of
service of the member has expired.</text>
</subparagraph><subparagraph id="IDa5a1b27786354011b0085351d6e37e4b"><enum>(B)</enum><header>Exception</header><text>A
member of the Commission described in subparagraph (A) may not serve after the
earlier of—</text>
<clause id="IDf3b00f1470904ea590c32d3023cea7d0"><enum>(i)</enum><text>the date on which
the term of service of the successor of the member of the Commission commences;
or</text>
</clause><clause id="IDf6cff6b4c5bc43b5a77b04298d541dde"><enum>(ii)</enum><text>the date of
adjournment of the session of Congress during which the term of the member of
the Commission
expires.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="ID86a8989e12124b08884fe512e9079a62"><enum>702.</enum><header>Enhanced
fingerprinting requirements</header><text display-inline="no-display-inline">Section 149 a.(1) of the Atomic Energy Act
of 1954 (42 U.S.C. 2169(a)(1)) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="id4A9B275204394A18AE191F8CC12CC794" style="OLC">
<subparagraph id="IDb00e400b695543cc910d0f664ba1c958"><enum>(C)</enum><text>In addition to
the fingerprinting requirements described in this paragraph, the Commission may
require an individual or entity described in subparagraph (A)(ii) to
fingerprint any individual who—</text>
<clause id="ID41ec6ead0cac4dbe8eca2ba2a45d80bb"><enum>(i)</enum><text>has been
designated by the individual or entity described in subparagraph (A)(ii) (or by
a contractor or subcontractor of the individual or entity) to determine the
trustworthiness and reliability of an individual who is required to be
fingerprinted under subparagraph (B);</text>
</clause><clause id="ID47e0a522172d4c488a3e4c171a219ce4"><enum>(ii)</enum><text>is in the
employment of the individual or entity described in subparagraph (A)(ii) (or a
contractor or subcontractor of the individual or entity) and who has authority
relating to the provision of unescorted access to a facility, radioactive
material, or other property described in subparagraph (B)(i); or</text>
</clause><clause id="IDada048d8aec64a61ae3342f443935108"><enum>(iii)</enum><text>is, or holds a
position equivalent to, the principal operating officer, or alternate principal
operating officer, of the individual or entity described in subparagraph
(A)(ii).</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>VIII</enum><header>Management of
used nuclear fuel</header>
<section id="id97AE80679A154451BA4DF39962B03530" section-type="subsequent-section"><enum>801.</enum><header>United States
Nuclear Fuel Management Corporation</header>
<subsection id="idD0203C423886472CB8AFDADB360255D3"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The Atomic Energy Act
of 1954 (42 U.S.C. 2011 et seq.) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="id32C5305D1A7546A5AE4DE2BF38C0070B" style="OLC">
<title id="id26554037B4BF467D91835638D4AB4FFA"><enum>III</enum><header>United States
Nuclear Fuel Management Corporation</header>
<section id="ID13dbecf3f68a4d7993f20b63c4fb7777"><enum>3001.</enum><header>Purpose</header><text display-inline="no-display-inline">The purpose of this title is to establish a
corporation—</text>
<paragraph id="IDd9dc3f3e5d584ead93da25ca90da3c1d"><enum>(1)</enum><text>to implement
integrated spent nuclear fuel management consistent with the policy of the
Federal Government on a self-sustaining basis through the use of a spent
nuclear fuel management enterprise that will eliminate the need for Federal
funding (other than funding provided pursuant to this title);</text>
</paragraph><paragraph id="IDd0918ad73cbe44499b3dd88806837011"><enum>(2)</enum><text>to assume
responsibility for the activities, obligations, and resources of the Federal
Government with respect to spent nuclear fuel management, including the duties
and powers of—</text>
<subparagraph id="id9EA9ED15182E4C1386745CBB7012876B"><enum>(A)</enum><text>the Secretary
relating to the Nuclear Waste Fund; and</text>
</subparagraph><subparagraph id="id2A54A03C817040299E90C965CA0D5674"><enum>(B)</enum><text>the Office of
Civilian Radioactive Waste Management under section 304 of that Act (42 U.S.C.
10224);</text>
</subparagraph></paragraph><paragraph id="IDfc328927beaa44c6818c3ccf1e27f8ef"><enum>(3)</enum><text>to ensure in the
United States—</text>
<subparagraph id="idDE423F0122A340A48E5CD3724B882B22"><enum>(A)</enum><text>the common
defense and security; and</text>
</subparagraph><subparagraph id="id455854FBE0D84835B0D406093BE12602"><enum>(B)</enum><text>compliance with
laws and policies concerning nonproliferation of atomic weapons and other
nonpeaceful uses of atomic energy;</text>
</subparagraph></paragraph><paragraph id="ID4658534ebe0e42d3baaa3670e11143e2"><enum>(4)</enum><text>to advance
technologies and facilities to support all options for a long-term nuclear fuel
cycle that will—</text>
<subparagraph id="ID38bf32786abb42e6ba485e7148fdf567"><enum>(A)</enum><text>address global
counterproliferation and counterterrorism;</text>
</subparagraph><subparagraph id="ID9bc36cb38b9f46ef87fef51f1966c52d"><enum>(B)</enum><text>promote efficient
utilization of nuclear fuel resources; and</text>
</subparagraph><subparagraph id="ID79bac6d1021946648271dc6387c6c78d"><enum>(C)</enum><text>provide for safe,
secure storage and disposal of nuclear materials;</text>
</subparagraph></paragraph><paragraph id="ID2d30ddd2689c4368947d681d6358b9cc"><enum>(5)</enum><text>to maintain a
reliable and economical domestic source of spent nuclear fuel management
services and sustain and support the expansion of nuclear energy in meeting
United States requirements for clean, safe, reliable, and affordable
energy;</text>
</paragraph><paragraph id="ID18c047edbfa74d038b2d21dacc630cd4"><enum>(6)</enum><text>to provide spent
nuclear fuel management and related services to—</text>
<subparagraph id="id3FBDD923460C4E358499C6B648494E5E"><enum>(A)</enum><text>the Department of
Energy for governmental purposes;</text>
</subparagraph><subparagraph id="IDed71987a498841d5871545a98ef719e8"><enum>(B)</enum><text>domestic persons;
and</text>
</subparagraph><subparagraph id="id7FBB96C453C24DD58950F4C8FBF43F45"><enum>(C)</enum><text>other entities,
as determined by the President; and</text>
</subparagraph></paragraph><paragraph id="IDa6480f693f0b486fb39105dabdfbd7b6"><enum>(7)</enum><text>to carry out
other activities to advance the purposes described in this section.</text>
</paragraph></section><section id="id320270B4EE6D413993C53013C157D7FB"><enum>3002.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="ID0e0a2c29cb76431897a84693e95cf6ae"><enum>(1)</enum><header>Board</header><text>The
term <term>Board</term> means the Board of Directors of the Corporation
established under section 3103.</text>
</paragraph><paragraph id="IDc17d8c66ea5343d69f99b31cf9889382"><enum>(2)</enum><header>Corporation</header><text>The
term <term>Corporation</term> means the United States Spent Nuclear Fuel
Corporation established by section 3101(a).</text>
</paragraph><paragraph id="IDfba63a4f411648ad896989a407a2087d"><enum>(3)</enum><header>Corporation
Fund</header><text>The term <term>Corporation Fund</term> means the United
States Nuclear Fuel Management Corporation Fund established by section
3107.</text>
</paragraph><paragraph id="ID4305b6177d464e41bb5fe559abcffa29"><enum>(4)</enum><header>Decommissioning;
decontamination</header><text>The terms <term>decommissioning</term> and
<term>decontamination</term>, with respect to an activity, include any activity
other than a response action or corrective action carried out for purposes of
decontaminating or decommissioning a facility for spent nuclear fuel management
that has residual radioactive or mixed radioactive and hazardous chemical
contamination (including depleted tailings).</text>
</paragraph><paragraph id="IDf7f6c099a77047d09c6cd106f2e1ddd1"><enum>(5)</enum><header>Department</header><text>The
term <term>Department</term> means the Department of Energy.</text>
</paragraph><paragraph id="id2FDE258FDBE7488998B8D30893656F2A"><enum>(6)</enum><header>Nuclear Waste
Fund</header><text>The term <term>Nuclear Waste Fund</term> means the Nuclear
Waste Fund established under section 302 of the Nuclear Waste Policy Act of
1982 (42 U.S.C. 10222).</text>
</paragraph><paragraph id="IDb0831c8b2e8e4d1283cd0101f5c5b060"><enum>(7)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of Energy.</text>
</paragraph><paragraph id="ID548cd913c5b54a0cba64ac2c83e13f4a"><enum>(8)</enum><header>Spent fuel
disposal contract</header><text>The term <term>spent fuel disposal
contract</term> means a contract between the Secretary and a person entered
into pursuant to section 302(a) of the Nuclear Waste Policy Act of 1982 (42
U.S.C. 10222(a)).</text>
</paragraph><paragraph id="ID86c7367649ce4612bf6e8f6639f7503c"><enum>(9)</enum><header>Spent nuclear
fuel</header><text>The term <term>spent nuclear fuel</term> means any nuclear
fuel or highly radioactive waste that has been irradiated in a domestic,
commercial nuclear power reactor pursuant to a spent fuel disposal
contract.</text>
</paragraph><paragraph id="ID99aee5a9507948e992bf38d9ecbeec0b"><enum>(10)</enum><header>Spent nuclear
fuel management</header><text>The term <term>spent nuclear fuel
management</term> means any activity involving the disposal, storage,
transportation, reprocessing, processing, treatment, fabrication, or sale of
spent nuclear fuel or a product derived from spent nuclear fuel.</text>
</paragraph><paragraph id="id254A1D41E9C343EC91EEC4D37DD98AFF"><enum>(11)</enum><header>Stakeholder
organization</header><text>The term <term>stakeholder organization</term> means
any organization that as of the date of enactment of this title is contributing
or has contributed to the Nuclear Waste Fund.</text>
</paragraph><paragraph id="IDc64a68f05b5645c18a3d585ef239b4bc"><enum>(12)</enum><header>Technology for
spent nuclear fuel management</header><text>The term <term>technology for spent
nuclear fuel management</term> means any technology used to transport, store,
process, reprocess, or dispose of spent nuclear fuel.</text>
</paragraph><paragraph id="IDa5eb2fe16c3e4d83a4d7b3fac8ae6b5f"><enum>(13)</enum><header>Transfer
date</header><text>The term <term>transfer date</term> means the earlier
of—</text>
<subparagraph id="IDf1e8150bcff54cc3b9e494527409c3dc"><enum>(A)</enum><text>the transfer date
of the last asset, property, right, liability, or obligation transferred from
the Secretary to the Corporation under this title (other than liabilities or
obligations arising under contracts to dispose of spent nuclear fuel and high
level radioactive waste); or</text>
</subparagraph><subparagraph id="idFAF3404D8FA941319E674E7A94218CD0"><enum>(B)</enum><text>the date that is
18 months after the date of enactment of this title.</text>
</subparagraph></paragraph></section><subtitle id="id16EF566009234358B4DFEA9D1186B76E"><enum>A</enum><header>Establishment,
powers, and organization</header>
<section id="id14EC260B192C46F5BECC1592F0DA2F61"><enum>3101.</enum><header>Establishment</header>
<subsection id="ID6d98c938e3524b01bac2a1bcdb8ede74"><enum>(a)</enum><header>In
general</header><text>There is established a corporation, to be known as the
<quote>United States Nuclear Fuel Management Corporation</quote>.</text>
</subsection><subsection id="ID344ff7cb29544538858bbc26c8f0009d"><enum>(b)</enum><header>Treatment</header><text>Except
as otherwise provided in this title, the Corporation shall be—</text>
<paragraph id="id1A402CB54EFB4E27880F515C4D25170A"><enum>(1)</enum><text>a wholly owned
Federal corporation, subject to chapter 91 of title 31, United States Code;
and</text>
</paragraph><paragraph id="id1F6D7AF8BB094B819E03428C893FB361"><enum>(2)</enum><text>considered to be
a Federal agency.</text>
</paragraph></subsection><subsection id="ID3b1871644bf04d3197d2eb3b051a8640"><enum>(c)</enum><header>Corporate
offices</header>
<paragraph id="idA4C6E17D65B64D6A87588FA134AAE181"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Corporation
shall—</text>
<subparagraph id="id66E0D4F69FAE4C3DB95C5511C7C272A4"><enum>(A)</enum><text display-inline="yes-display-inline">for the service of process and papers,
maintain an office in the District of Columbia; and</text>
</subparagraph><subparagraph id="id6E5E770E33734E419B28FF98C3B297F9"><enum>(B)</enum><text display-inline="yes-display-inline">for purposes of venue in civil actions, be
considered to be a resident of the District of Columbia.</text>
</subparagraph></paragraph><paragraph id="id3EBE2D53C87744E392B84C13DB3017C1"><enum>(2)</enum><header>Other
offices</header><text display-inline="yes-display-inline">The Corporation may
establish offices in such other locations as the Corporation determines to be
appropriate.</text>
</paragraph></subsection></section><section id="IDa7b3c9410e864a2b9cc5642cbb5652fc"><enum>3102.</enum><header>Powers</header>
<subsection id="id2283A1581BD94BE5871942DE18CAE62C"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The
Corporation—</text>
<paragraph id="IDf3fc7db8e22a4f6ea3d564007423ad7a"><enum>(1)</enum><text>except as
otherwise provided in this title or applicable Federal law, shall have all the
powers of a private corporation incorporated under the District of Columbia
Business Corporation Act (D.C. Code section 29–301 et seq.);</text>
</paragraph><paragraph id="ID464ed95ab9ee4cea907c2642310f9250"><enum>(2)</enum><text>shall have the
priority of the United States with respect to the payment of debts from
bankrupt, insolvent, and decedent persons or estates;</text>
</paragraph><paragraph id="ID1b7bc9b03a8e40a5a4f5b86c407666f2"><enum>(3)</enum><text>may obtain from
the Administrator of General Services the services provided by the
Administrator to Federal agencies on the same basis as those services are so
provided;</text>
</paragraph><paragraph id="IDc94b6ac90fd241f5aa2613b3294b0f93"><enum>(4)</enum><text>shall have the
authority to manage spent nuclear fuel, provide for the management of spent
nuclear fuel by others, and acquire spent nuclear fuel or materials necessary
for the management of spent nuclear fuel;</text>
</paragraph><paragraph id="idF470CFC590A14C58B994B82095165863"><enum>(5)</enum><text>shall have the
authority necessary to carry out, in accordance with subsection (b), the
activities, obligations, and use of resources of the Federal Government with
respect to spent nuclear fuel management, including the duties and powers
of—</text>
<subparagraph id="idC48AF0AD843049FA890ED2DFA00A2A90"><enum>(A)</enum><text>the Secretary
relating to the Nuclear Waste Fund; and</text>
</subparagraph><subparagraph id="id42AC248DD27F4EE98D4987AE7E0B3725"><enum>(B)</enum><text>the Office of
Civilian Radioactive Waste Management under section 304 of that Act (42 U.S.C.
10224); and</text>
</subparagraph></paragraph><paragraph commented="no" id="ID2756b568cc5b4f1a95b963363e915060"><enum>(6)</enum><text>shall consider
the spent nuclear fuel management and related services for defense-related
spent nuclear fuel and high level radioactive waste and nuclear fuels
identified by the National Spent Nuclear Fuel Program of the Department.</text>
</paragraph></subsection><subsection id="id838DF09CAC304631A6ED28B39909E008"><enum>(b)</enum><header>Inclusions</header><text>The
authority of the Corporation described in subsection (a)(5) includes
authority—</text>
<paragraph id="ID6a2e9af3989a4757971b4da047c3928c"><enum>(1)</enum><text>for the
identification, development, licensing, construction, operation,
decommissioning, and post-decommissioning maintenance and monitoring of any
repository, interim storage facility, monitored retrievable storage facility,
reprocessing facility, fuel fabrication facility, or test and evaluation
facility constructed under title III of the Nuclear Waste Policy Act of 1982
(42 U.S.C. 10221 et seq.), except that the limitations imposed on a monitored
retrievable storage facility under section 141(g) of that Act (42 U.S.C.
10161(g)) shall not apply to an interim storage facility developed by the
Corporation;</text>
</paragraph><paragraph id="ID6b95eccd45aa4eb08ceb065ee72de373"><enum>(2)</enum><text>for the
administration of the high-level radioactive waste disposal program of the
Department;</text>
</paragraph><paragraph id="ID40b494725720431dbb1d2bf7c16c4863"><enum>(3)</enum><text>to enter into a
new spent fuel disposal contract under section 302(a) of the Nuclear Waste
Policy Act of 1982 (42 U.S.C. 10222(a)) for a commercial nuclear power reactor
not yet licensed by the Nuclear Regulatory Commission;</text>
</paragraph><paragraph id="ID6b2d57145686468aa336c7e6a37a5c74"><enum>(4)</enum><text>to assume all
responsibilities of the Department under spent fuel disposal contracts in
existence on the date of enactment of this title, except that (as provided in
section 3205) liability for failure to perform under those contracts shall not
be assumed by the Corporation until the date that is 10 years after the license
termination date of the reactor for which a contract applies; and</text>
</paragraph><paragraph id="ID6825695dfdf2423597e3f08ff98b3230"><enum>(5)</enum><text>to recommend
changes to the nuclear waste fee provided by section 302(a)(4) of the Nuclear
Waste Policy Act of 1982 (42 U.S.C. 10222(a)(4)) and spent fuel disposal
contracts, except that the Corporation may not implement any changes in the fee
schedule except as provided in section 3201;</text>
</paragraph><paragraph id="ID241f4744341145de9dcc5f659c51eaa6"><enum>(6)</enum><text>for the
acquisition, design, modification, replacement, operation, and construction of
facilities at a repository site, reprocessing facility site, reprocessed fuel
fabrication facility site, monitored retrievable storage site, or test and
evaluation facility site necessary or incident to a repository, reprocessing
facility, reprocessed fuel fabrication facility, monitored retrievable storage
facility, or test and evaluation facility;</text>
</paragraph><paragraph id="IDdbf551b57eda489b8ebdcfa8c23ccb35"><enum>(7)</enum><text>to carry out such
nongeneric research, development, and demonstration activities relating to
evaluating, improving, and testing existing technologies for spent nuclear fuel
management and related processes and activities as the Corporation considers to
be necessary or advisable to achieve the purposes of this title;</text>
</paragraph><paragraph id="id28B439C2061546F5BCF05124D35DABF1"><enum>(8)</enum><text>to carry out
transactions regarding spent nuclear fuel, uranium, enriched uranium,
plutonium, other special nuclear material, fissionable nuclear material,
fertile nuclear material, fission byproducts, actinides, or depleted uranium
with any person—</text>
<subparagraph id="idA8799402257D428E9C15E6B9F9BF46D6"><enum>(A)</enum><text>licensed under
section 53, 63, 103, or 104, in accordance with the applicable license;</text>
</subparagraph><subparagraph id="ID5b3e43a4239749d48f57e6fb4a1e0f0e"><enum>(B)</enum><text>in accordance
with, and during the period provided for, an agreement for cooperation under
section 123; or</text>
</subparagraph><subparagraph id="ID51a87ef973ba4dcaa0f81daadea202c8"><enum>(C)</enum><text>otherwise
authorized by law to enter into a transaction described in subparagraph (A) or
(B);</text>
</subparagraph></paragraph><paragraph id="ID59ff30cdcc714e808aabdc75afe3d1c0"><enum>(9)</enum><text>to enter into
contracts or other agreements with—</text>
<subparagraph id="id957760829A73479BB742E15E866BD73E"><enum>(A)</enum><text>any person
licensed under section 53, 63, 103, or 104, for such period as the Corporation
considers to be appropriate to provide services supporting the mission and
purpose of the Corporation under this title; and</text>
</subparagraph><subparagraph id="ID5e059abef93140e5b399168e70e1dd6d"><enum>(B)</enum><text>the Department in
accordance with this title for spent nuclear fuel management and related
services that the Department determines to be required—</text>
<clause id="idD76449CA85EE49D6A769C124351D9B03"><enum>(i)</enum><text>to carry out
Presidential directives and authorizations; and</text>
</clause><clause id="IDcb8aafe65db84dacac95c28076c1d0e8"><enum>(ii)</enum><text>to conduct other
Department programs;</text>
</clause></subparagraph></paragraph><paragraph id="IDb744f80c969c47f9a9baa8eeb5d146fc"><enum>(10)</enum><text>to adopt, alter,
and use a corporate seal, which shall be judicially noticed;</text>
</paragraph><paragraph id="IDb8eb291449b345478e4e54e74c66460e"><enum>(11)</enum><text>to sue and be
sued in the corporate name and be represented by an attorney in all
administrative and judicial proceedings, including, on approval of the Attorney
General, appeals from decisions of United States courts, except that the United
States Court of Federal Claims shall have exclusive jurisdiction over a claim
against the Corporation and a decision or action of the Corporation shall not
be subject to review under section 119 of the Nuclear Waste Policy Act of 1982
(42 U.S.C. 10139);</text>
</paragraph><paragraph id="IDd8c8162225334520a0a591ae5a419feb"><enum>(12)</enum><text>to indemnify
directors, officers, attorneys, agents, and employees of the Corporation for
liabilities and expenses relating to corporate activities;</text>
</paragraph><paragraph id="IDfe630a1a74354eb3bba82fcd943c8ed7"><enum>(13)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="id6D349C0A620B4EBAB78701C931F3500C"><enum>(A)</enum><text>to acquire, purchase,
lease, and hold real and personal property, including patents and proprietary
data, as the Corporation determines to be necessary in the transaction of
business; and</text>
</subparagraph><subparagraph id="id393E0ED80BB74287ADE722E62D190620" indent="up1"><enum>(B)</enum><text>to sell, lease, grant, and dispose of
such real and personal property as the Corporation determines to be necessary
to achieve the purposes of this title;</text>
</subparagraph></paragraph><paragraph id="id0A65234EBB7A4200BA625CAF45E4CEBE"><enum>(14)</enum><text>on consent of
each unit of government concerned, to employ the services, records, facilities,
or personnel of any State or local government agency or instrumentality or
voluntary or uncompensated personnel to perform appropriate functions on behalf
of the Corporation;</text>
</paragraph><paragraph id="ID81103cb59dd54df4ad06a434e0059a64"><enum>(15)</enum><text>to enter into
and carry out such contracts, leases, cooperative agreements, or other
transactions as are necessary to conduct business, on a reimbursable basis,
with—</text>
<subparagraph id="idF49E203D028443F1848363947F7960CA"><enum>(A)</enum><text>any Federal
department or agency;</text>
</subparagraph><subparagraph id="id3091CB3178CD44E0B0A5C8471C59E91D"><enum>(B)</enum><text>any State,
territory, or possession (or any political subdivision thereof) of the United
States; or</text>
</subparagraph><subparagraph id="idFAF7FBCCB3924E188CCFE7BFBF4507DD"><enum>(C)</enum><text>any individual,
firm, association, or corporation;</text>
</subparagraph></paragraph><paragraph id="IDa058be999a1f4966a1ad74f2b5862e29"><enum>(16)</enum><text>to determine the
character of, and the necessity for, the obligations and expenditures of the
Corporation and the manner in which the obligations and expenditures will be
incurred, allowed, and paid, subject to this title and other Federal law
specifically applicable to wholly owned Federal corporations;</text>
</paragraph><paragraph id="IDfa38533854c54f75a4e1ba4db81c4ace"><enum>(17)</enum><text>to retain and
use the revenues of the Corporation to achieve the purposes of this title in a
manner that ensures that the retention and use shall not be subject to
apportionment under subchapter II of chapter 15 of title 31, United States
Code;</text>
</paragraph><paragraph id="ID58a47d31a00f4de59a37a22e3598b097"><enum>(18)</enum><text>to settle and
adjust claims—</text>
<subparagraph id="id0FD3FBE72EB945EB9E00B89E09980852"><enum>(A)</enum><text>held by the
Corporation against other parties; or</text>
</subparagraph><subparagraph id="id24141CEA23FD4887A23CBEA2DC7F5F5D"><enum>(B)</enum><text>held by other
parties against the Corporation;</text>
</subparagraph></paragraph><paragraph id="ID3ec511e5640345c199c983802e17439a"><enum>(19)</enum><text>to accept gifts
or donations of services and real, personal, mixed, tangible, or intangible
property to achieve the purposes of this title;</text>
</paragraph><paragraph id="ID7c3e907eec5348ee9faf4d0cfae5cfb2"><enum>(20)</enum><text>to execute, in
accordance with applicable bylaws and regulations, appropriate
instruments;</text>
</paragraph><paragraph id="ID0ab10f0342434e52abd5a894701369eb"><enum>(21)</enum><text>to provide for
liability insurance by contract or self-insurance; and</text>
</paragraph><paragraph id="ID72ea56d2ce994b7c8a9484c8cef40c11"><enum>(22)</enum><text>subject to this
subsection and section 3205, to pay any settlement or judgment entered against
the Corporation from the Corporation Fund and not from funds made available
pursuant to section 1304 of title 31, United States Code.</text>
</paragraph></subsection></section><section id="ID480bd732af8d4f51bd71c73e90923970"><enum>3103.</enum><header>Board of
Directors</header>
<subsection id="id3210EC7603C84C18A9CCDCF0C94CFBDA"><enum>(a)</enum><header>In
general</header><text>The Corporation shall be headed by a Board of
Directors.</text>
</subsection><subsection id="IDde2682735931486ba2b92deae9c6f6fc"><enum>(b)</enum><header>Membership</header>
<paragraph id="ID1781281fb15049fa8ddd65dd9b85f9d1"><enum>(1)</enum><header>Appointment</header>
<subparagraph id="id354329AFA8E949FD9C5094D4CE2111B9"><enum>(A)</enum><header>In
general</header><text>The Board shall be composed of 9 members, to be appointed
by the President by and with the advice and consent of the Senate, of
which—</text>
<clause id="idF2D28ABB3D504A85BB91E996774D5A27"><enum>(i)</enum><text>at least 3 shall
be from stakeholder organizations; and</text>
</clause><clause id="idEA4764B486504010BA89ECA777AFB00B"><enum>(ii)</enum><text>at least 2 shall
be reserved for nominations from State public utility commissions.</text>
</clause></subparagraph><subparagraph id="id073C3070541A407EA4B3F22F92276C20"><enum>(B)</enum><header>Association</header><text>The
association of a member of the Board with a stakeholder organization shall not
be considered a conflict of interest.</text>
</subparagraph></paragraph><paragraph id="IDc76137e46697466db3776561fbf5e4d1"><enum>(2)</enum><header>Chairperson</header><text>The
members of the Board shall elect 1 member to act as Chairperson of the
Board.</text>
</paragraph></subsection><subsection id="ID8ebf0bc9384b49d49c9f9bcf70c0e8e4"><enum>(c)</enum><header>Qualifications</header><text>To
be eligible to be appointed as a member of the Board, an individual
shall—</text>
<paragraph id="ID5bdbfa3f08db4bc38a889e17b2d669b5"><enum>(1)</enum><text>be a citizen of
the United States;</text>
</paragraph><paragraph id="IDd973723188074ece8617e4dd5fb870f1"><enum>(2)</enum><text>have management
expertise relating to large organizations;</text>
</paragraph><paragraph id="ID278fa95dfb3d4906a7e8ce33738160a2"><enum>(3)</enum><text>not be an
employee of the Corporation;</text>
</paragraph><paragraph id="IDe806b099f2fb46c78db00db48ec08288"><enum>(4)</enum><text>make full
disclosure to Congress of any investment or other financial interest that the
individual holds in the energy industry; and</text>
</paragraph><paragraph id="ID3818cacf05bc4feb980a8f8f1f937560"><enum>(5)</enum><text>affirm support
for the purposes of the Corporation.</text>
</paragraph></subsection><subsection id="idB4E2BA39DDEF4C7FB56D2AEEE164664B"><enum>(d)</enum><header>Terms</header>
<paragraph id="IDac05f84963924702913c85ccbd10462c"><enum>(1)</enum><header>In
general</header><text>Except as provided in paragraph (2), a member of the
Board shall serve for a term of not more than 5 years.</text>
</paragraph><paragraph id="IDe16d17e127964e98bf64c8637e7df816"><enum>(2)</enum><header>Initial
members</header><text>Of the members first appointed to the Board—</text>
<subparagraph id="ID216b18f2199e4a9e90807b817a0d70e6"><enum>(A)</enum><text>1 shall be
appointed for a 1-year term;</text>
</subparagraph><subparagraph id="ID9e5d9276ed5d4be48de59a7c2b864164"><enum>(B)</enum><text>2 shall be
appointed for a 2-year term;</text>
</subparagraph><subparagraph id="IDa7512d0c925f4857ba70f1e0b756f4c5"><enum>(C)</enum><text>2 shall be
appointed for a 3-year term;</text>
</subparagraph><subparagraph id="IDac086deaadc44268a6dd6beab975b292"><enum>(D)</enum><text>2 shall be
appointed for a 4-year term; and</text>
</subparagraph><subparagraph id="id45219EC2537A4D82B08DFE35ABD78286"><enum>(E)</enum><text>2 shall be
appointed for a 5-year term.</text>
</subparagraph></paragraph><paragraph id="ID3ac0e5066fc6477b80455d1c91a7ac92"><enum>(3)</enum><header>Reappointment</header><text>A
member of the Board the term of service of whom has expired may be reappointed
by the President, by and with the advice and consent of the Senate.</text>
</paragraph><paragraph id="idF87483D8B6D044C6851B47E019DF59D1"><enum>(4)</enum><header>Expiration</header><text>A
member of the Board the term of service of whom has expired may continue to
serve on the Board until the earlier of—</text>
<subparagraph id="id5C2A046A72F44ADAADAFDADEE0B7D447"><enum>(A)</enum><text>the date on which
a successor member is appointed; and</text>
</subparagraph><subparagraph id="id6D38047562F74DD69C32C1BD8FEFB5F1"><enum>(B)</enum><text>the date on which
the session of Congress during which the term of the member expires
ends.</text>
</subparagraph></paragraph></subsection><subsection id="IDF9EBBD586A6D43A2814C9D7D8FAF76A8"><enum>(e)</enum><header>Vacancies</header><text>A
vacancy on the Board—</text>
<paragraph id="IDA9631872155B4CE58B499962B1D0217B"><enum>(1)</enum><text>shall not affect
the powers of the Board; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID22AE9E5E9568490B908023D1C2BCBD2E"><enum>(2)</enum><text>shall be filled
in the same manner as the original appointment was made.</text>
</paragraph></subsection><subsection id="IDD209FD1ED0F9443ABD8B94A9D757B60B"><enum>(f)</enum><header>Meetings</header><text>The
Board shall meet in accordance with the bylaws of the Corporation—</text>
<paragraph id="idCBE53735FE29439E8D3725843636DD12"><enum>(1)</enum><text>at the call of
the Chairperson; and</text>
</paragraph><paragraph id="id51956C36387643BE8FB00F0876DC1510"><enum>(2)</enum><text>not less
frequently than once each quarter.</text>
</paragraph></subsection><subsection id="IDFA8C485DEF7E44919228ECD7C7403119"><enum>(g)</enum><header>Quorum</header><text>For
purposes of meetings of the Board, <fraction>2/3</fraction> of the active
members of the Board shall constitute a quorum.</text>
</subsection><subsection id="idA54DCCDFA4B847E3A7DA9A63A8926B5A"><enum>(h)</enum><header>Bylaws</header><text>A
majority of the members of the Board may amend the bylaws of the
Corporation.</text>
</subsection><subsection id="idE6FE8DA17EC94057A665E8CD5CA02682"><enum>(i)</enum><header>Compensation of
members</header>
<paragraph id="ID40CD19C2755743E0A877328695537261"><enum>(1)</enum><header>In
general</header>
<subparagraph id="id387217FA43AC49D6B345A84553D2182E"><enum>(A)</enum><header>Non-Federal
employees</header><text>A member of the Board who is not an officer or employee
of the Federal Government shall be compensated at a rate equal to the daily
equivalent of the annual rate of basic pay prescribed for level IV of the
Executive Schedule under section 5315 of title 5, United States Code, for each
day (including travel time) during which the member is engaged in the
performance of the duties of the Board.</text>
</subparagraph><subparagraph id="IDF170DB3F2EB24A4DA5FE6C27B54F1CFD"><enum>(B)</enum><header>Federal
employees</header><text>A member of the Board who is an officer or employee of
the Federal Government shall serve without compensation in addition to the
compensation received for the services of the member as an officer or employee
of the Federal Government.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id16661D5168F74EB9BE9FCF9DC26C0469"><enum>(2)</enum><header>Travel
expenses</header><text>A member of the Board shall be allowed travel expenses,
including per diem in lieu of subsistence, at rates authorized for an employee
of an agency under subchapter I of chapter 57 of title 5, United States Code,
while away from the home or regular place of business of the member in the
performance of the duties of the Board.</text>
</paragraph></subsection></section><section id="ID6e6ec26dbbe64b3699498e105937d7a6"><enum>3104.</enum><header>Management</header>
<subsection id="id23C6C24D5FEC4A8A99031549A48E812C"><enum>(a)</enum><header>Chief executive
officer</header>
<paragraph id="IDd23fa5448793427c90148d472a678069"><enum>(1)</enum><header>Appointment</header><text>The
Board shall appoint an individual to serve as chief executive officer of the
Corporation.</text>
</paragraph><paragraph id="IDe00af2eab82b4e38bdcdbcf35c4808ee"><enum>(2)</enum><header>Qualifications</header>
<subparagraph id="IDb97f9c921992474d95a230118ca703b8"><enum>(A)</enum><header>In
general</header><text>To be eligible to serve as chief executive officer of the
Corporation, an individual—</text>
<clause id="IDee40276706ab4e7f9423b0f5e3ad4935"><enum>(i)</enum><text>shall have senior
executive-level management experience in large, complex organizations;</text>
</clause><clause id="IDb8be07367ff2415f9ece372937f13f5d"><enum>(ii)</enum><text>shall
not—</text>
<subclause id="idCA8A3CFD4F484B3D853E0F9CA9BC4BDB"><enum>(I)</enum><text>be a member of
the Board; or</text>
</subclause><subclause id="id208A64BB011645C2AD46511C3A1C8534"><enum>(II)</enum><text>have served as a
member of the Board during the 2-year period ending on the date of appointment
as chief executive officer; and</text>
</subclause></clause><clause id="ID3d6f51309c6c40dead22106daef4effc"><enum>(iii)</enum><text>shall comply
with the conflict of interest policy adopted by the Board.</text>
</clause></subparagraph><subparagraph id="ID773f0c33251d43aa8347bccda997f58d"><enum>(B)</enum><header>Expertise</header><text>In
appointing a chief executive officer, the Board shall give particular
consideration to appointing an individual with—</text>
<clause id="id5D2FC1448E304158947B4B5E1E74031C"><enum>(i)</enum><text>expertise in the
nuclear industry; and</text>
</clause><clause id="id341B7E0A5D774AE99055942467E340A8"><enum>(ii)</enum><text>strong financial
skills.</text>
</clause></subparagraph></paragraph><paragraph id="IDe0ff95abe64f4e71b59893a096ef9f1e"><enum>(3)</enum><header>Tenure</header><text>The
chief executive officer shall serve at the pleasure of the Board.</text>
</paragraph><paragraph id="ID99ccafacea234185ae5f1ca9c5fd5a53"><enum>(4)</enum><header>Authorities and
duties</header><text>The chief executive officer shall—</text>
<subparagraph id="id1753100990534279B8F744938DB5B096"><enum>(A)</enum><text>be responsible
for the management of the Corporation; and</text>
</subparagraph><subparagraph id="id04954A4F72084D10B323036982BCF712"><enum>(B)</enum><text>report to, and be
under the direct authority of, the Board.</text>
</subparagraph></paragraph><paragraph id="IDc281284355ec418b8586fbe9ce1c5689"><enum>(5)</enum><header>Corporate
officers</header><text>The chief executive officer shall appoint such managers,
assistant managers, employees, attorneys, and agents as are necessary to carry
out the powers of the Corporation—</text>
<subparagraph id="idA38700631A204797AE762A16A0069ACC"><enum>(A)</enum><text>with the advice
and consent of the Board; and</text>
</subparagraph><subparagraph id="id878BDB14538D4825953DE3568A077934"><enum>(B)</enum><text>without regard to
the civil service laws applicable to officers and employees of the United
States.</text>
</subparagraph></paragraph></subsection><subsection id="ID31184cfbaf684d22b8430d480c1b5276"><enum>(b)</enum><header>Compensation
plan</header>
<paragraph id="ID5448815fddc940a6aeefbbbaef04c064"><enum>(1)</enum><header>In
general</header><text>Without regard to section 5301 of title 5, United States
Code, the Board shall establish—</text>
<subparagraph id="id83A78EAC84C9456FA176C8ACF00773ED"><enum>(A)</enum><text>the duties of and
compensation for all officers and employees of the Corporation; and</text>
</subparagraph><subparagraph id="id254CD76BE81C4190948DF6359A22D465"><enum>(B)</enum><text>a system of
organization to describe those responsibilities and promote efficiency.</text>
</subparagraph></paragraph><paragraph id="IDbe297a2a16cf49d895caff0bf6854a71"><enum>(2)</enum><header>Applicable
criteria</header><text>The Board shall ensure that—</text>
<subparagraph id="id0725E230413847AFB8D3FD2567B86525"><enum>(A)</enum><text>officers and
employees are appointed, promoted, and assigned on the basis of capability and
fitness; and</text>
</subparagraph><subparagraph id="id1D7E1F807F1448299A610BD5F4821707"><enum>(B)</enum><text>other personnel
actions are consistent with the principles of fairness and due process, without
regard to the provisions of title 5, United States Code, relating to
appointments and other personnel actions in the competitive service.</text>
</subparagraph></paragraph><paragraph id="IDe240c3a408bc401b9a776b4e0c22bdec"><enum>(3)</enum><header>Protection of
Department employees</header>
<subparagraph id="ID549459f3b07a4a109caa8fb54edea048"><enum>(A)</enum><header>Purpose</header><text>The
purpose of this paragraph is to ensure that the establishment of the
Corporation does not result in any inequitable effect on the employment rights,
wages, or benefits of Department employees in carrying out the functions
transferred from the Department to the Corporation pursuant to this
title.</text>
</subparagraph><subparagraph id="id8FB48E3082F249DABD7E4E8EDFABE12D"><enum>(B)</enum><header>Measures of
protection</header><text>The compensation, benefits, and other terms and
conditions of employment in effect on the day before the applicable transfer
date for activities previously carried out by the Department pursuant to any
law or regulation shall continue to apply to officers and employees of the
Department or any other Federal department or agency who are detailed to the
Corporation until the date on which the officers or employees are no longer
detailed to the Board.</text>
</subparagraph></paragraph></subsection><subsection id="ID5f8c7fba50ce46cf831407ee87dc09f9"><enum>(c)</enum><header>Transferees and
detailees</header>
<paragraph id="id6020205B2A314E9598BA0FBA0C90099D"><enum>(1)</enum><header>In
general</header><text>On request of the Board and subject to the approval of
the Secretary, an employee of the Department may be transferred or detailed to
the Corporation in accordance with section 3112 without any loss in accrued
benefits or standing within the Civil Service System.</text>
</paragraph><paragraph id="id1BF7458198EE48FAA5BC21A71ECC2045"><enum>(2)</enum><header>Benefits</header>
<subparagraph id="id30135001E1804CCD96DB0466C06AD9E7"><enum>(A)</enum><header>In
general</header><text>An employee who accepts a transfer to the Corporation may
elect—</text>
<clause id="id1629A0695D4A43308700E8CE0819C151"><enum>(i)</enum><text>to have any
accrued retirement benefits transferred to a retirement system established by
the Corporation; or</text>
</clause><clause id="id2D02B8DAFFF04EE68B93257540CB36B8"><enum>(ii)</enum><text>to retain
coverage under, as applicable—</text>
<subclause id="id1E6500AE1CAC42978D0C943CC588CF52"><enum>(I)</enum><text>the Civil Service
Retirement System; or</text>
</subclause><subclause id="id8257CA6E834646C2AEE14369A5E2D2E0"><enum>(II)</enum><text>the Federal
Employees Retirement System.</text>
</subclause></clause></subparagraph><subparagraph id="idC40180006B6049D0A7BF2FD06C9C7C59"><enum>(B)</enum><header>Withholding</header><text>With
respect to an employee who elects to retain coverage under subparagraph
(A)(ii), the Corporation shall—</text>
<clause id="idD20C958E2366468EADB5EE554D3ED932"><enum>(i)</enum><text>withhold a
portion of the payment of the employee; and</text>
</clause><clause id="idF1E4F3465D45482C9E01ECFCFC27B509"><enum>(ii)</enum><text>use the amounts
withheld to make such payments as are required under the applicable Federal
retirement system.</text>
</clause></subparagraph></paragraph><paragraph id="id301659B8468A4EE18FC1D805F1BA6708"><enum>(3)</enum><header>Detailees</header><text>The
Department shall offer any employee of the Department who is detailed to the
Board a position of like grade, compensation, and proximity to the official
duty station of the employee beginning on the date on which the services of the
employee are no longer required by the Corporation.</text>
</paragraph></subsection></section><section id="ID06fe672bd7724eac88329e8a883c45cf"><enum>3105.</enum><header>Audits</header>
<subsection id="ID703bc9f5883b40c89c003e7e6a0cad90"><enum>(a)</enum><header>Independent
audits</header>
<paragraph id="IDe128ca4b87a045238a76e8fe08840920"><enum>(1)</enum><header>In
general</header><text>The financial statements of the Corporation shall
be—</text>
<subparagraph id="idBEED29DC5DE1484F905A4DE45DEE6F58"><enum>(A)</enum><text>prepared in
accordance with generally accepted accounting principles; and</text>
</subparagraph><subparagraph id="id81924C949E2F4A2680F396147E9BBA52"><enum>(B)</enum><text>audited annually
by an independent certified public accountant in accordance with—</text>
<clause id="idFF0C053D9606484AA0E516725C1D5B36"><enum>(i)</enum><text>auditing
standards issued by the Comptroller General of the United States; and</text>
</clause><clause id="id7645498929C744BCA6D09009F21FCD02"><enum>(ii)</enum><text>generally
accepted auditing standards of the private sector.</text>
</clause></subparagraph></paragraph><paragraph id="IDf389fe2ab43944a0a98ccc7f3e8d669f"><enum>(2)</enum><header>Review by
GAO</header><text>The Comptroller General—</text>
<subparagraph id="idBAB4F03FD0C2445F99DB9190E31465BD"><enum>(A)</enum><text>may review any
audit under paragraph (1); and</text>
</subparagraph><subparagraph id="id71DC486BF82A4F87A30C189A85BBCBA2"><enum>(B)</enum><text>shall submit to
Congress and the Corporation a report describing the results of each review
under subparagraph (A), including appropriate recommendations, if any.</text>
</subparagraph></paragraph></subsection><subsection id="ID2a0846b937e64764886a2c6d937c1ac3"><enum>(b)</enum><header>GAO
audits</header>
<paragraph id="ID3eff6b5352d4418ab0ff76937b13fd7c"><enum>(1)</enum><header>In
general</header><text>The Comptroller General may audit the financial
statements of the Corporation for any year in accordance with subsection
(a)(1).</text>
</paragraph><paragraph id="IDf9fb57011bf7497db51e56bf131ced52"><enum>(2)</enum><header>Reimbursement
by Corporation</header><text>The Corporation shall reimburse the Comptroller
General for the cost of any audit conducted under this subsection, as
determined by the Comptroller General.</text>
</paragraph></subsection><subsection id="IDc4133a33d6b943d0a9d34e1f482bec3f"><enum>(c)</enum><header>Availability of
books and records</header><text>Subject to section 3111, all books, accounts,
financial records, reports, files, papers, and other property belonging to, or
in use by, the Corporation or an auditor of the Corporation that the
Comptroller General considers to be necessary to conduct an audit or review
under this section shall be made available to the Comptroller General.</text>
</subsection><subsection id="ID0b3baf05f4ad46e8933183f7703ce9ac"><enum>(d)</enum><header>Treatment of
GAO audits</header><text>An audit or review by the Comptroller General under
this section shall be in lieu of any other audit of the financial transactions
of the Corporation required to be carried out by the Comptroller General under
chapter 91 of title 31, United States Code, or other applicable law.</text>
</subsection></section><section id="IDdb8941f546c04de58321e2e305357528"><enum>3106.</enum><header>Annual
reports</header>
<subsection id="ID02fe025618394f7f9779d16dee39716d"><enum>(a)</enum><header>In
general</header><text>Not less frequently than once each year, the Corporation
shall submit to the President and Congress a report describing the activities
carried out by the Corporation during the preceding fiscal year,
including—</text>
<paragraph id="ID3e87b7815de741318551de0f311178f6"><enum>(1)</enum><text>a general
description of the operations of the Corporation;</text>
</paragraph><paragraph id="IDb9e8d4c844fe404eb7476e88fbc3ff71"><enum>(2)</enum><text>a summary of the
operating and financial performance of the Corporation; and</text>
</paragraph><paragraph id="IDb12e67c1a56f466699054e06cef96199"><enum>(3)</enum><text>a copy of each
audit report prepared for the applicable fiscal year under section 3105.</text>
</paragraph></subsection><subsection id="ID5b33912e8f5a4b59a769f039cf94314f"><enum>(b)</enum><header>Deadline</header><text>A
report under subsection (a) shall—</text>
<paragraph id="id91F1F836F60A44B1AEBBD701E6895D6A"><enum>(1)</enum><text>be completed by
not later than 150 days after the end of each fiscal year of the Corporation;
and</text>
</paragraph><paragraph id="id23C76AD84C974EA59C857D0975530B79"><enum>(2)</enum><text>accurately
reflect the financial position of the Corporation as of that date.</text>
</paragraph></subsection></section><section id="IDe17da8a21a244a82ae0de0e9eac5f768"><enum>3107.</enum><header>United States
Nuclear Fuel Management Corporation Fund</header>
<subsection id="ID1d00a7db29794068b1529e52c4094762"><enum>(a)</enum><header>Establishment</header>
<paragraph id="id2A2461F5C75B49C4B7547C31CAECD7FC"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury of the United States
a fund, to be known as the <quote>United States Nuclear Fuel Management
Corporation Fund</quote> (referred to in this section as the <quote>Corporation
Fund</quote>).</text>
</paragraph><paragraph id="id4FA3CF37DD134C2CA2BD35CE580F5F17"><enum>(2)</enum><header>Accounts</header><text>The
Corporation Fund shall be composed of 2 accounts, to be known as—</text>
<subparagraph id="id3AD0D352883D49D79B456D4FE169463F"><enum>(A)</enum><text>the <quote>United
States Nuclear Fuel Management Corporation Operating Account</quote> (referred
to in this section as the <quote>Operating Account</quote>); and</text>
</subparagraph><subparagraph id="idAB7EFA5769754BC684FBFC2EC2C4351A"><enum>(B)</enum><text>the <quote>United
States Nuclear Management Corporation Capital Reserve Account</quote> (referred
to in this section as the <quote>Capital Reserve Account</quote>).”</text>
</subparagraph></paragraph></subsection><subsection id="ID62bb87ba620348998ba379731b3d7077"><enum>(b)</enum><header>Transfer and
deposits of funds</header>
<paragraph id="ID0d7ee55207a74c2291c44451b2e0ac81"><enum>(1)</enum><header>Transfer of
unexpended balances</header><text>On the earlier of the transfer date or the
date agreed to by the Secretary and the Corporation, the Secretary of the
Treasury, without further appropriation, shall transfer from the Nuclear Waste
Fund to the Operating Account, the unexpended balance of the appropriated funds
(including funds set aside for accounts payable), and accounts receivable,
relating to functions and activities assumed by the Corporation pursuant to
this title, including all advance payments.</text>
</paragraph><paragraph id="ID0ff198d733494c00973585318615b560"><enum>(2)</enum><header>Transfer of the
corpus of the nuclear waste fund</header><text>On the earlier of the transfer
date or the date agreed to by the Secretary and the Corporation, the Secretary
of the Treasury, without further appropriation, shall transfer from the Nuclear
Waste Fund to the Capital Reserve Account, the unexpended balance of the
Nuclear Waste Fund to the Corporation Fund as follows:</text>
<subparagraph id="ID06af63aee480488f955c7601d03c8892"><enum>(A)</enum><text>On the date of
enactment of this title, the corpus of the Nuclear Waste Fund, consisting of
any unfunded balance of the unexpended balance shall be credited to the Capital
Reserve Account as an unfunded asset, which shall continue to accrue interest
at rates and maturities determined by the Secretary of the Treasury, including
all receipts, proceeds, and recoveries received by the Nuclear Waste Fund under
subsections (a), (b), and (e) of section 302 of the Nuclear Waste Policy Act of
1982 (42 U.S.C. 10222).</text>
</subparagraph><subparagraph id="IDee048ba9e07a4cc9ae15f772bd63dd7c"><enum>(B)</enum><text>Beginning on the
date of enactment of this title, any appropriations made to the Nuclear Waste
Fund and all receipts, proceeds, interest, and recoveries received on or after
that date under subsections (a), (b), and (e) of section 302 of that Act (42
U.S.C. 10222) shall be transferred to the Operating Account.</text>
</subparagraph></paragraph><paragraph id="ID29e8dbe404da4e218cfd86bba3d677f9"><enum>(3)</enum><header>Revenues from
sales</header><text>Revenues from sales of products and services sold by the
Corporation shall be deposited in the Operating Account.</text>
</paragraph></subsection><subsection id="ID86bd13cea4404896aa61b99f96255a40"><enum>(c)</enum><header>Use of
funds</header>
<paragraph id="ID986d96c2c5564146810c43056076cfe7"><enum>(1)</enum><header>Use of
operating account</header>
<subparagraph id="IDb0e24fff6a01414ca6e5926310810694"><enum>(A)</enum><header>In
general</header><text>The Corporation may make expenditures from the Operating
Account without further appropriation and without fiscal year limitation only
to carry out the purposes of this title.</text>
</subparagraph><subparagraph id="IDe368653680944ec2afaea1bcb497badc"><enum>(B)</enum><header>Investment</header><text>The
Corporation may invest amounts of the fund in such financial instruments as the
Corporation considers appropriate.</text>
</subparagraph><subparagraph id="ID545402b8b2274e9d88821a63c2994e4a"><enum>(C)</enum><header>Nuclear waste
policy Act restrictions</header><text>The Corporation shall expend Operating
Account funds—</text>
<clause id="id1FA81B0687D34DF59AC78A98D303707C"><enum>(i)</enum><text>consistent with
section 302(d) of the Nuclear Waste Policy Act of 1982 (42 U.S.C. 10222(d));
or</text>
</clause><clause id="idF8DB834C89654786A68AC416DA024F65"><enum>(ii)</enum><text>for other
purposes authorized by Congress.</text>
</clause></subparagraph></paragraph><paragraph id="ID9aa47efe2b494f7ca257cee1693da73d"><enum>(2)</enum><header>Use of capital
reserve account</header><text>The Corporation may—</text>
<subparagraph id="idBC1533FF96C641BCA0594C632A6BB2F5"><enum>(A)</enum><text>pledge, without
further appropriation and without fiscal year limitation, use of the Capital
Reserve Account as collateral for the issuance of bonds; and</text>
</subparagraph><subparagraph id="id7D4497EC9CA046B1B328463555B5E3C2"><enum>(B)</enum><text>make
expenditures, without further appropriation and without fiscal year limitation,
for the decontamination, decommissioning, and ongoing surveillance and
maintenance of Corporation facilities and repositories following
closure.</text>
</subparagraph></paragraph></subsection><subsection id="ID6b030f3130df42b6b6736d96369fe936"><enum>(d)</enum><header>Administration
of corporation fund</header>
<paragraph id="ID712d3562456b445da4614ab89c38e791"><enum>(1)</enum><header>In
general</header><text>The Corporation, in consultation with the Secretary of
the Treasury, shall—</text>
<subparagraph id="IDf56b85719fac4ca096fb5a22ba195cc2"><enum>(A)</enum><text>administer the
Corporation Fund; and</text>
</subparagraph><subparagraph id="ID97651d3287c7445ba33ff522f1e2a349"><enum>(B)</enum><text>submit to
Congress annual reports describing the financial condition and operations of
the Corporation Fund during the preceding fiscal year.</text>
</subparagraph></paragraph><paragraph id="ID5b003dc75adf4972aa686e539094f32b"><enum>(2)</enum><header>Budgetary
treatment</header><text>The Corporation Fund shall not be subject to—</text>
<subparagraph id="IDdf3bf41addeb40679949facace236cea"><enum>(A)</enum><text>the allocations
for discretionary spending under section 302(a) of the Congressional Budget Act
of 1974 (2 U.S.C. 633(a));</text>
</subparagraph><subparagraph id="IDbed20c1796474960b71d11adc7c6e425"><enum>(B)</enum><text>the
suballocations of appropriations committees under section 302(b) of that Act (2
U.S.C. 633(b)); or</text>
</subparagraph><subparagraph id="ID79f7bee25dc841fe87c81206cb772a45"><enum>(C)</enum><text>apportionment
under subchapter II of chapter 15 of title 31, United States Code.</text>
</subparagraph></paragraph><paragraph id="IDf322ab400d624e69a6b214f3c1b910e5"><enum>(3)</enum><header>Investment</header><text>If
the Corporation determines that the Corporation Fund Account contains at any
time amounts in excess of the needs of the Corporation, the Corporation may
request the Secretary of the Treasury to invest such portion of the excess
amounts as the Corporation determines to be appropriate in obligations of the
United States—</text>
<subparagraph id="ID1993cdad5ed24c8c8d47728bc4367bd4"><enum>(A)</enum><text>having maturities
determined by the Secretary of the Treasury to be appropriate to the needs of
the Corporation; and</text>
</subparagraph><subparagraph id="ID6aedfda4fe2b47a88070e755049ca1ca"><enum>(B)</enum><text>bearing interest
at rates determined to be appropriate by the Secretary of the Treasury, taking
into consideration the current average market yield on outstanding marketable
obligations of the United States with remaining periods to maturity comparable
to the maturities of the investments, except that the interest rate on the
investments shall not exceed the average interest rate applicable to existing
borrowings.</text>
</subparagraph></paragraph></subsection></section><section id="idD220D4ED05364EC5AF9BA9A00EA11FB0"><enum>3108.</enum><header>Issuance of
bonds</header>
<subsection id="ID436c1515a8924190a60d8651b4de5105"><enum>(a)</enum><header>Issuance</header>
<paragraph id="IDb4dc15a2f7ed4e5188dc74787ed59271"><enum>(1)</enum><header>In
general</header><text>The Corporation may issue and sell bonds, notes, and
other evidences of indebtedness (referred to in this section as
<term>bonds</term>).</text>
</paragraph><paragraph id="ID9107fd82bdf94ec6807ea2221d26494f"><enum>(2)</enum><header>Use of
revenue</header><text>The Corporation may pledge and use revenues of the
Corporation for—</text>
<subparagraph id="id86CEBE9B9F2F411FA89F4A284036F7B4"><enum>(A)</enum><text>payment of the
principal and interest on the bonds;</text>
</subparagraph><subparagraph id="id9FBE87972B154D34B8A0F143F16595B5"><enum>(B)</enum><text>purchase or
redemption of additional bonds; and</text>
</subparagraph><subparagraph id="idEF197E2884854F15AD13EFA7C552B2F7"><enum>(C)</enum><text>other purposes
incidental to the functions described in subparagraphs (A) and (B), including
creation of reserve funds and other funds that may be similarly pledged and
used.</text>
</subparagraph></paragraph><paragraph id="ID7d46216296ce4889b53821a273162dd8"><enum>(3)</enum><header>Agreements with
holders and trustees</header><text>The Corporation may enter into binding
agreements with the holders and trustees of bonds with respect to activities to
enhance the marketability of the bonds, including—</text>
<subparagraph id="IDa9a8eb018a7b447ea8d8d4e858497e01"><enum>(A)</enum><text>the establishment
of reserve funds and other funds;</text>
</subparagraph><subparagraph id="ID448999ef16884fba8376a34fc4186dd9"><enum>(B)</enum><text>stipulations
concerning the subsequent issuance of bonds; and</text>
</subparagraph><subparagraph id="ID9d5940541bd2446980f9c2fd87621d10"><enum>(C)</enum><text>other activities
in accordance with this title.</text>
</subparagraph></paragraph></subsection><subsection id="ID7db62c938b4e4ea7a14e437a24ebe816"><enum>(b)</enum><header>Not obligations
of United States</header>
<paragraph id="idE7E072CEEB29496287050B04018ACA30"><enum>(1)</enum><header>In
general</header><text>A bond issued by the Corporation under this section shall
not be considered to be an obligation of, or guaranteed as to principal or
interest by, the United States.</text>
</paragraph><paragraph id="idB89C5A58BCD84CEDA060D105FF551ABA"><enum>(2)</enum><header>Notice</header><text>Each
bond of the Corporation shall contain a notice of the consideration described
in paragraph (1).</text>
</paragraph></subsection><subsection id="IDb99bf1207c3d448ebdf0eecf74263378"><enum>(c)</enum><header>Terms and
conditions</header>
<paragraph id="IDd4b01b7cdcc44f0887aee7c8905de796"><enum>(1)</enum><header>Negotiability;
maturity</header><text>A bond issued by the Corporation under this section
shall—</text>
<subparagraph id="idC207BB49350A4D06B29653DF620E68D7"><enum>(A)</enum><text>be a negotiable
instrument unless otherwise specified in the bond; and</text>
</subparagraph><subparagraph id="idA953AF56FCB94BC89A16EC9D31E7725C"><enum>(B)</enum><text>mature not later
than 50 years after the date of issuance.</text>
</subparagraph></paragraph><paragraph id="IDfcbe5f79a63c4e1495cc25f88c89cf22"><enum>(2)</enum><header>Role of
Secretary of Treasury</header>
<subparagraph id="id086BD4B7B536449B8694402CF49B9096"><enum>(A)</enum><header>Right of
disapproval</header>
<clause id="id015021FBD174459C987087C2A87A75CD"><enum>(i)</enum><header>In
general</header><text>Not later than 30 days after the date on which the
Corporation submits to the Secretary of the Treasury a notification of the
establishment of a term or condition on a bond under this section described in
clause (ii), the Secretary of the Treasury may disapprove the term or
condition.</text>
</clause><clause id="idBA609512B1CE4E6281E2576B07476A8A"><enum>(ii)</enum><header>Description</header><text>The
terms and conditions referred to in clause (i) are terms and conditions
relating to—</text>
<subclause id="IDd2270e1e17b34b18a2cbb88e47d54909"><enum>(I)</enum><text>the form or
denomination of a bond;</text>
</subclause><subclause id="ID28d7312ed3a14c8b88cdf90980c3adbe"><enum>(II)</enum><text>the time,
amount, or price at which a bond is sold;</text>
</subclause><subclause id="ID894b72ea337c440a89af754853ceb3f1"><enum>(III)</enum><text>the rate of
interest of the bond;</text>
</subclause><subclause id="ID1b055a3056af4b978161697ffe9a03a8"><enum>(IV)</enum><text>the terms by
which the bond may be redeemed by the Corporation before maturity;</text>
</subclause><subclause id="ID1124f0e308e94af8aa52f1f0e53f93de"><enum>(V)</enum><text>the priority of
claims on the net revenues of the Corporation with respect to principal and
interest payments; and</text>
</subclause><subclause id="ID21629e3ea3a546d9866cbdc7fd9c3320"><enum>(VI)</enum><text>any other term
or condition the Secretary of the Treasury determines to be appropriate.</text>
</subclause></clause></subparagraph><subparagraph id="ID2c182a6f4c914174b21f2cf15bccbab4"><enum>(B)</enum><header>Inapplicability
of right to prescribe terms</header><text>Section 9108(a) of title 31, United
States Code, shall not apply to the Corporation.</text>
</subparagraph></paragraph></subsection><subsection id="ID9aa513c5153e4a80bcf1249980234efa"><enum>(d)</enum><header>Inapplicability
of securities requirements</header><text>The Corporation—</text>
<paragraph id="idCE34ACFE01F8459B86753BBF9234391D"><enum>(1)</enum><text>shall be
considered to be an executive department of the United States for purposes of
section 3(c) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(c));
and</text>
</paragraph><paragraph id="id74FE7C539F534553996BCE2529AD3D69"><enum>(2)</enum><text>may register the
securities and maintain the books of the Corporation in accordance with—</text>
<subparagraph id="id34FB9E8B80DC457AB3474B0A4A659BDA"><enum>(A)</enum><text>the Securities
Act of 1933 (15 U.S.C. 77a et seq.);</text>
</subparagraph><subparagraph id="id8761AAA491E94F27B785071147B3C633"><enum>(B)</enum><text>the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.); and</text>
</subparagraph><subparagraph id="id629218042FC8489DB53C3532A0FB7841"><enum>(C)</enum><text>applicable
regulations of the Securities and Exchange Commission.</text>
</subparagraph></paragraph></subsection><subsection id="IDd37ab4557c3f4c82b5b6c1abcf172239"><enum>(e)</enum><header>Use of Federal
Financing Bank</header><text>The Corporation may issue or sell any bond to the
Federal Financing Bank.</text>
</subsection></section><section id="ID785be95d7d114f379e7731b59aa13c93"><enum>3109.</enum><header>Exemption
from taxation and payments in lieu of taxes</header>
<subsection id="ID077eea93cb124eedb8cb717f990cb331"><enum>(a)</enum><header>Exemption from
taxation</header><text>The Corporation shall be exempt from taxation in any
manner or form by any State, county, or other entity of local government,
including State, county, or local sales tax.</text>
</subsection><subsection id="IDbb7e3a5571c34589862128b26d0bd0e8"><enum>(b)</enum><header>Payments in
lieu of taxes</header>
<paragraph id="idD944312DFAF34737ACE6B6A4E5511066"><enum>(1)</enum><header>In
general</header><text>The Corporation shall make annual payments, in such
amounts as the Corporation determines to be fair and reasonable, to each State
and local governmental agency with tax jurisdiction over any area in which a
facility of the Corporation is located.</text>
</paragraph><paragraph id="id8AED3D126DB349BC90FD54A7D1A8330E"><enum>(2)</enum><header>Determination</header><text>In
making a determination under paragraph (1), the Corporation shall take into
consideration—</text>
<subparagraph id="IDc7cd470f69ac4e0d9b0646b5da979fdf"><enum>(A)</enum><text>the customs and
practices prevailing in the applicable area with respect to appraisal,
assessment, and classification of industrial property and any special
considerations extended to large-scale industrial operations; and</text>
</subparagraph><subparagraph id="ID2a9757e9b46946cc8e8633b00378587f"><enum>(B)</enum><text>the requirement
that any payment made to a taxing authority for any period shall be not less
than the payments that would have been made to the taxing authority for the
same period by the Department and contractors of the Department on behalf of
the Department with respect to property and operations of the
Corporation.</text>
</subparagraph></paragraph></subsection><subsection id="ID526f7d2d562c4e7197f8459f6547f748"><enum>(c)</enum><header>Time of
payments</header><text>Each payment under this section shall be made by the
Corporation on the date on which payments of taxes by taxpayers to each taxing
authority are due and payable.</text>
</subsection><subsection id="IDc225290ff7ea4a579a1804e98f031c32"><enum>(d)</enum><header>Determination
of amount due</header><text>A determination by the Corporation of an amount due
under this section shall be final and conclusive.</text>
</subsection></section><section id="IDef88004640284525b41a84a1af42b7c3"><enum>3110.</enum><header>Nonapplicability
of certain Federal law</header>
<subsection id="IDe147d0eab67549cea3e3fa27ac3395cf"><enum>(a)</enum><header>Antitrust
laws</header><text>The Corporation shall not be subject to—</text>
<paragraph id="ID7aad464a531e41938f0ce38c322c7ad4"><enum>(1)</enum><text>the Sherman Act
(15 U.S.C. 1 et seq.);</text>
</paragraph><paragraph id="ID1e80f4b34f4146e283e24de502c37ae4"><enum>(2)</enum><text>the Clayton Act
(15 U.S.C. 12 et seq.); or</text>
</paragraph><paragraph id="IDd5c2c78dd1b24a57b034e8b2c7de9623"><enum>(3)</enum><text>section 73 or 74
of the Wilson Tariff Act (15 U.S.C. 8, 9).</text>
</paragraph></subsection><subsection id="IDc7f287bc27044fb8aa7940307d2e4260"><enum>(b)</enum><header>Environmental,
occupational, and public health and safety licensing laws</header>
<paragraph id="id0A2496EE5C3F4229BDD294D8B1A39B4B"><enum>(1)</enum><header>National
Environmental Policy Act of 1969</header>
<subparagraph id="idF6FC1E2508A84FAC855ED5F3D9BB1CDC"><enum>(A)</enum><header>In
general</header><text>Subject to subparagraph (B), the Corporation shall comply
with the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et
seq.).</text>
</subparagraph><subparagraph id="idE13A171923A7412BAFDE3C4D26524EED"><enum>(B)</enum><header>Preparation of
environmental impact statement</header><text>The Corporation shall not be
required to prepare an environmental impact statement or similar analysis
required under the <act-name parsable-cite="NEPA69">National Environmental
Policy Act of 1969</act-name> (42 U.S.C. 4321 et seq.) if the Nuclear
Regulatory Commission is required under any law (including regulations) to
prepare the environmental impact statement or similar analysis.</text>
</subparagraph></paragraph><paragraph id="idFB193A669FAF4DD5A3BD3D78888359D2"><enum>(2)</enum><header>Jurisdiction</header><text>The
Commission shall have exclusive jurisdiction over the facilities and operations
of the Corporation with respect to licensing, permitting, rulemaking,
compliance, or operations under all Federal, State, interstate, and local
environmental, occupational, and public health and safety laws.</text>
</paragraph><paragraph id="id8CBDDD70B0E24F38B9F1D182274D8F65"><enum>(3)</enum><header>Enforcement</header>
<subparagraph id="idA2601D527CC747F2AC67A4612538E52D"><enum>(A)</enum><header>In
general</header><text>A requirement included in a license of the Commission or
a substantive requirement (including any injunctive relief, administrative
order, or civil or administrative penalty or fine) may be enforced against the
Corporation only by the Commission (or a designee).</text>
</subparagraph><subparagraph id="id4E58E642B0A04C48BD6983A002785C38"><enum>(B)</enum><header>Waiver</header><text>The
United States waives any immunity otherwise applicable to the
Corporation.</text>
</subparagraph></paragraph></subsection><subsection id="IDecb79735fe6b4c3ab2caf77b859d8b94"><enum>(c)</enum><header>Energy
Reorganization Act requirements</header>
<paragraph id="id03DC87EC82CE44EFAC0B1C8BDE8993E3"><enum>(1)</enum><header>In
general</header><text>The Corporation shall be subject to section 210 of the
Energy Reorganization Act of 1974 (42 U.S.C. 5850).</text>
</paragraph><paragraph id="idA5310607190F4ED4BE6303EBCC80B84C"><enum>(2)</enum><header>Leased
facilities</header><text>With respect to the operation of any facility leased
by the Corporation, section 206 of that Act (42 U.S.C. 5846) shall apply to the
directors and officers of the Corporation.</text>
</paragraph></subsection><subsection id="IDda425b81bb9c468db691395c700eebb2"><enum>(d)</enum><header>Exemption from
Federal property and procurement requirements</header><text>The Corporation
shall not be subject to—</text>
<paragraph id="id4B912CAFD4694EC3AB0B92C165BA320D"><enum>(1)</enum><text>subtitle I of
title 40, United States Code;</text>
</paragraph><paragraph id="id11ABC58CD7EB4189A3EDD65B554F46AE"><enum>(2)</enum><text>title III of the
Federal Property and Administrative Services Act of 1949 (41 U.S.C. 251 et
seq.); or</text>
</paragraph><paragraph id="id578DCD23B4B445E889429CB277B51405"><enum>(3)</enum><text>any other law
requiring conformance with the Federal Acquisition Regulations contained in
title 48, Code of Federal Regulations.</text>
</paragraph></subsection><subsection id="ID2621c6d3652c426789ef177be01ebf75"><enum>(e)</enum><header>Export control
laws</header><text>No transaction of the Corporation shall be subject to the
export control laws if the transaction is carried out in accordance with an
agreement between the United States and a foreign country.</text>
</subsection></section><section id="IDea13a8d1afda4f3aa86c092a1028c5e4"><enum>3111.</enum><header>Protection of
information</header>
<subsection id="ID76fd3cd1f43a4df6a12c87a66ca36b99"><enum>(a)</enum><header>In
general</header><text>Subject to subsection (b), the Corporation shall protect
information classified under this Act, trade secrets, and security, commercial,
or financial information to the same extent as a Federal agency or private
corporation, in accordance with applicable law, including section 1905 of title
18, United States Code.</text>
</subsection><subsection id="ID4c69c968309340c992d7366aca351ef8"><enum>(b)</enum><header>Other
applicable laws</header><text>Section 552(d) of title 5, United States Code,
shall not apply to the Corporation.</text>
</subsection></section><section id="ID1fe740ad1d1644faa719ac5af26a4d5e"><enum>3112.</enum><header>Transition
and transfer requirements</header>
<subsection id="id5078D14B289346CE94AF9EBBA7DCC7D3"><enum>(a)</enum><header>Transition
manager</header><text>Not later than 30 days after the date of enactment of
this title, the President shall appoint a transition manager, who shall serve
at the pleasure of the President during the period beginning on the date of
appointment and ending on the earlier of—</text>
<paragraph id="idFB8770281BDF44B6AEA6ED301D0FCAD2"><enum>(1)</enum><text>the date on which
a chief executive officer is appointed for the Corporation pursuant to section
3104; or</text>
</paragraph><paragraph id="id8971EC2025C24327B72997B05B64B998"><enum>(2)</enum><text>the transfer
date.</text>
</paragraph></subsection><subsection id="IDe148f657581342238f74bd79fd30632f"><enum>(b)</enum><header>Duties</header>
<paragraph id="IDd6b1b2a004f046c582390ada57aaa7ea"><enum>(1)</enum><header>In
general</header><text>The transition manager shall carry out the powers and
duties of the Board and chief executive officer as described in section 3104
only to the extent necessary to implement the transfer of spent nuclear fuel
management obligations, functions, personnel, and funds from the Secretary to
the Corporation not later than the transfer date.</text>
</paragraph><paragraph id="IDb7608de905b04b499b46f538e001b553"><enum>(2)</enum><header>Compensation</header><text>The
transition manager shall be a Federal employee to be paid at the rate of pay
for the appropriate Executive Service Level, as determined by the
Secretary.</text>
</paragraph><paragraph id="ID70345ce0f9994c959c846da0eb343264"><enum>(3)</enum><header>Continuation in
absence of a board of directors</header><text>The transition manager shall
carry out this section regardless of whether the Board is appointed pursuant to
section 3103.</text>
</paragraph></subsection><subsection id="ID1dee853619714dca9db3784e1874ed89"><enum>(c)</enum><header>Ratification of
actions</header><text>Once the Board has been appointed, each action carried
out by the transition manager shall be subject to ratification by the
Board.</text>
</subsection><subsection id="ID49ba5fc7c6154ed48821266b0f5337ae"><enum>(d)</enum><header>Responsibilities
of the Secretary</header><text>During the period beginning on the date of
enactment of this title and ending on the transfer date, the Secretary
shall—</text>
<paragraph id="ID868c9dc1477f4672afdd96bbceaabe8f"><enum>(1)</enum><text>retain
responsibility for spent nuclear fuel management in accordance with applicable
Federal law;</text>
</paragraph><paragraph id="ID7ae307222fa54ee385ec6e15d4bb1fde"><enum>(2)</enum><text>to the extent
provided in appropriations Acts, provide funds to the transition manager to pay
salaries and expenses necessary to effectuate the purposes of this
title;</text>
</paragraph><paragraph id="ID81a3201ccec240a481a8c380697c1bf3"><enum>(3)</enum><text>assign employees
of the Department to assist the transition manager in carrying out this
section; and</text>
</paragraph><paragraph id="ID4735fe6b3f8649208cb0a60d0be31f53"><enum>(4)</enum><text>assist and
cooperate with the transition manager and the chief executive officer in
transferring to the Corporation not later than the transfer date the
activities, obligations, and resources under the jurisdiction or control of the
Secretary with respect to spent nuclear fuel management.</text>
</paragraph></subsection><subsection id="IDcafb2282f0554fdc8789509620d3f040"><enum>(e)</enum><header>Budget</header>
<paragraph id="idDEFC34AC87F042F5BD3BA871CD2F7692"><enum>(1)</enum><header>In
general</header><text>The transition manager shall prepare and submit an
operating budget for the Corporation for each fiscal year to the Secretary for
approval not later than December 1 of each year until the Board is appointed
pursuant to section 3103.</text>
</paragraph><paragraph id="id4C8A469EA9AB4E93A64B2ACA3467FBA3"><enum>(2)</enum><header>Reasonable
expenses</header><text>All reasonable expenses associated with the duties of
the transition manager shall be paid from the Operating Fund, as approved by
the Secretary.</text>
</paragraph></subsection><subsection id="ID3982ec3afe0b4fa89933dc9c35eba5cc"><enum>(f)</enum><header>Completion of
transfers and other actions by transfer date</header>
<paragraph id="IDdd97e6b452e14b80b2a0b3d61d68e17e"><enum>(1)</enum><header>In
general</header><text>The Secretary and the transition manager shall complete
transfers of all assets, property, rights, liabilities, or obligations under
the jurisdiction of the Secretary relating to spent nuclear fuel management to
the Corporation not later than the transfer date.</text>
</paragraph><paragraph id="ID6ce1af74e6eb40f6a0f8c55f84644ef7"><enum>(2)</enum><header>Suspension of
fees</header>
<subparagraph id="id815FEF6F2E48464A8A4AFA76521D081C"><enum>(A)</enum><header>In
general</header><text>Any party to a contract with the United States executed
pursuant to section 302 of the Nuclear Waste Policy Act of 1982 (42 U.S.C.
10222) for the disposal of spent nuclear fuel and high level radioactive waste
may suspend payment of fees under the contract if all transfers of contracts
and funds required to be transferred under this title are not complete, the
Board has not been appointed, or a chief executive officer for the Corporation
has not been appointed, by the transfer date.</text>
</subparagraph><subparagraph id="ID8b1dbb2e55a64b7da1a360de0c967d50"><enum>(B)</enum><header>Period</header><text>A
suspension under subparagraph (A) shall continue until each action required
under this title has been completed.</text>
</subparagraph><subparagraph id="idB724876DBEF64AF2B98498156FC5C871"><enum>(C)</enum><header>Applicability</header><text>The
suspension of payments of a contract under this subsection shall not constitute
a termination, breach, or cancellation of the contract.</text>
</subparagraph></paragraph></subsection></section></subtitle><subtitle id="id064879269B8B4EAC92D40ABD4949F101"><enum>B</enum><header>Rights,
privileges, and assets</header>
<section id="id78157B5CEA2A4BFD85675165918D63CD"><enum>3201.</enum><header>Marketing and
contracting authority</header>
<subsection id="IDaa3807044e8542d1a6965b19e68bf974"><enum>(a)</enum><header>Exclusive
marketing agent</header>
<paragraph id="idE2AD88B5B08A4406B66172D8405BBD37"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Corporation shall
act as the exclusive marketing agent on behalf of the United States for
entering into contracts to provide spent nuclear fuel management and related
products and services.</text>
</paragraph><paragraph id="idFFA2F1E704C24157B9D0AC554E379656"><enum>(2)</enum><header>Effect on
Department</header><text display-inline="yes-display-inline">Beginning on the
transfer date, the Department may not market spent nuclear fuel management or
any related service.</text>
</paragraph></subsection><subsection id="ID01de9c05241b4e5ba1901fdaf1586563"><enum>(b)</enum><header>Transfer of
contracts</header>
<paragraph id="id3CBA0D9FBAE94084A116A1C36E4944DE"><enum>(1)</enum><header>In
general</header><text>Each spent nuclear fuel management contract, agreement,
and lease executed by the Department before the transfer date relating to spent
nuclear fuel management or a related service shall be transferred to the
Corporation.</text>
</paragraph><paragraph id="id39211EA3D13E41BC97CF16B090391576"><enum>(2)</enum><header>Increase in
fees</header><text>The Corporation may not increase the fee under contracts
executed by the Secretary under section 302(a) of the Nuclear Waste Policy Act
of 1982 (42 U.S.C. 10222(a)), unless the Secretary approves the fee increase in
accordance with section 302(a)(3) of that Act not later than 2 years in advance
of the proposed effective date of the increase in the fee.</text>
</paragraph></subsection></section><section id="IDc8ceda8b05c3457f8fc7c2d58ccb14b5"><enum>3202.</enum><header>Pricing</header>
<subsection id="idD1AF780144B24473B27D3F0D5131FD52"><enum>(a)</enum><header>Services
provided to commercial customers</header>
<paragraph id="id7A236853F8B847FA8969C66E5E2C3E28"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The Corporation shall
establish prices for products, materials, and services provided by the
Corporation to customers other than the Department, and for services other than
those provided under a spent fuel disposal contract, on a basis sufficient
to—</text>
<subparagraph id="id66BD9F567C554AE1ACF814CA0B202502"><enum>(A)</enum><text display-inline="yes-display-inline">recover the costs of the Corporation;
and</text>
</subparagraph><subparagraph id="idBC27F73B982146FC99B44D6391FB37F5"><enum>(B)</enum><text display-inline="yes-display-inline">operate on a self-sustaining basis.</text>
</subparagraph></paragraph><paragraph id="id47E6341DCA2B4F00873596C0DB333691"><enum>(2)</enum><header>Approval</header><text display-inline="yes-display-inline">Each price established under paragraph (1)
shall be subject to review and approval by the Board.</text>
</paragraph></subsection><subsection id="ID0827b9c70dd249e3985a018198641da6"><enum>(b)</enum><header>Services
provided to Department</header><text>The Corporation shall charge the
Department fees for spent nuclear fuel management services provided under
section 3102(b)(7) on a basis sufficient to recover the costs of the
Corporation, on a yearly basis, of providing the services.</text>
</subsection></section><section id="IDea968fc10b144374a941928bdefb5b2f"><enum>3203.</enum><header>Acquisition
of Department land and facilities</header>
<subsection id="id23118B24013C4894B7DD860AA4C05673"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The
Corporation—</text>
<paragraph id="idFE4D82B4B2984F77BFD48D93E7CCB93C"><enum>(1)</enum><text display-inline="yes-display-inline">shall have the exclusive option to lease or
otherwise access required portions of Department or other Federal land (other
than land within the National Park System, the National Forest System, or the
National Wildlife Refuge System or land managed by the Bureau of land
Management that is within a conservation system unit), facilities, and property
useful for spent nuclear fuel management purposes, including property or
facilities of the Department necessary for storage, processing, or fuel
fabrication involving materials containing plutonium; and</text>
</paragraph><paragraph id="id9E816D4773F5418E80C08C4664298480"><enum>(2)</enum><text display-inline="yes-display-inline">may acquire or lease any required portion
of State or private land, facilities, or property useful for spent nuclear fuel
management purposes.</text>
</paragraph></subsection><subsection id="ID99d725512e894186ac988f23ec73afab"><enum>(b)</enum><header>Terms of
lease</header>
<paragraph id="id138F11AF428147E18F155B9443020925"><enum>(1)</enum><header>In
general</header><text>The Corporation and the Department shall establish
mutually agreeable terms for any lease under subsection (a)(1), including
specifying annual payments to be made to the Department by the
Corporation.</text>
</paragraph><paragraph id="id0BB747DC19C0480FA06C3CFE9F96A580"><enum>(2)</enum><header>Payments</header><text>The
amount of annual payments for a lease under subsection (a)(1) shall be equal to
the cost incurred by the Department in administering the lease and providing to
the Corporation services relating to the lease (excluding depreciation and
imputed interest on original plant investments and costs under subsection
(c)).</text>
</paragraph></subsection><subsection id="IDd99dcbdcb51842ddae354ac9e02641cf"><enum>(c)</enum><header>Department
responsibility for preexisting conditions</header><text>The payment of any
costs of decontamination and decommissioning, actions for response (as defined
in section 101 of the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980 (42 U.S.C. 9601)), or corrective actions (as defined by
the Administrator of the Environmental Protection Agency under section 3004(u)
of the Solid Waste Disposal Act (42 U.S.C. 6924(u)), with respect to conditions
existing before the transfer date, in connection with property of the
Department leased under subsection (a)(1), shall remain the sole responsibility
of the Department.</text>
</subsection><subsection id="ID839ecfa0e68f4f999f9bf5d1ae85552a"><enum>(d)</enum><header>Environmental
audit</header><text>The Secretary, in consultation with the Administrator of
the Environmental Protection Agency, shall conduct a comprehensive
environmental audit to identify the environmental conditions that will remain
the responsibility of the Department under subsection (c) after leasing the
applicable land or facility.</text>
</subsection><subsection id="ID5f03b211008a4c419748a2d047752663"><enum>(e)</enum><header>Treatment under
Price-Anderson</header><text>Any lease executed between the Secretary and the
Corporation under this section shall be considered to be a contract for
purposes of section 170 d.</text>
</subsection><subsection id="IDf6a9c1f8591c40bdae815eff9489f4dc"><enum>(f)</enum><header>Waiver of EIS
requirement</header><text>A lease executed between the Corporation and the
Department under this section shall not be considered to be a major Federal
action significantly affecting the quality of the human environment for
purposes of section 102 of the National Environmental Policy Act of 1969 (42
U.S.C. 4332).</text>
</subsection></section><section id="ID7ac4274ca5a748848b0d8e6febadc107"><enum>3204.</enum><header>Patents and
inventions</header>
<subsection id="ID298f36312526441f811d576304470294"><enum>(a)</enum><header>Grant of
rights</header>
<paragraph id="idD269100E0BDF46EB9FBB868696EEE621"><enum>(1)</enum><header>In
general</header><text>The Corporation may use—</text>
<subparagraph id="idFBFB8339A56E4CA49A2D655F836EDEE6"><enum>(A)</enum><text>efficacious and
economical processes for spent nuclear fuel management; and</text>
</subparagraph><subparagraph id="id0977C8D806EF4905A7A2E1DDBD1E958E"><enum>(B)</enum><text>any method of
improving the production of nuclear power.</text>
</subparagraph></paragraph><paragraph id="id0201F4D095AA429C94863E294BAD345C"><enum>(2)</enum><header>Infringement</header><text>Except
as provided in paragraph (3), an owner of a patent the patent rights of which
are copied, used, infringed, or employed by the Corporation pursuant to this
subsection shall have as the exclusive remedy a cause of action against the
Corporation to be instituted and prosecuted, as a case in equity, in the
appropriate United States district court for the recovery of reasonable
compensation for the infringement.</text>
</paragraph><paragraph id="id207E0E8F7E984ACEB7D57FF067970B5C"><enum>(3)</enum><header>Federal
employees</header><text>This section shall not apply to any art, machine,
method of manufacture, or composition of matter discovered or invented by an
employee during the period of employment by the Corporation or the Federal
Government.</text>
</paragraph></subsection><subsection id="IDaac8c5cf027c4702b3415bd0b1a785f0"><enum>(b)</enum><header>Exclusive right
To commercialize</header><text>The Corporation shall have the exclusive
commercial right to deploy and use any spent nuclear fuel management patent or
process of the Corporation.</text>
</subsection><subsection id="id61964118256F4DBF8EC33751F66B7D1D"><enum>(c)</enum><header>Research and
development</header><text>On request of the Corporation, the Secretary shall
provide, on a reimbursable basis, research and development of alternative
technologies for spent nuclear fuel management.</text>
</subsection></section><section id="id8A20AA8413234070A458A419010AD2E2"><enum>3205.</enum><header>Liabilities</header>
<subsection id="ID70abf807b9294419801bff3756b66f69"><enum>(a)</enum><header>Liabilities
based on operations before transition</header><text>Except as otherwise
provided in this title, each liability attributable to spent nuclear fuel
management or property transferred to the Corporation before the applicable
transfer date shall remain a liability of the Department.</text>
</subsection><subsection id="IDb85dcb8b30344919b567634a275e73dc"><enum>(b)</enum><header>Judgments based
on operations before transition</header><text>Except as otherwise agreed to by
the Corporation and the Department, a judgment entered against the Department
imposing liability arising out of a spent nuclear fuel management obligation of
the Department under the Nuclear Waste Policy Act of 1982 (42 U.S.C. 10101 et
seq.) or a spent fuel disposal contract shall be considered to be a judgment
against, and payable solely by, the Department.</text>
</subsection><subsection id="IDd33adbddc92840d0a4dd661e4427ba71"><enum>(c)</enum><header>Representation</header><text>With
respect to any claim to impose liability under subsection (a) or (b)—</text>
<paragraph id="id99F114F96C6F44AD9E3ADB2FB6747A9A"><enum>(1)</enum><text>the United States
shall be represented by the Department of Justice; and</text>
</paragraph><paragraph id="id70FB82CBFF64460B8188228C45E74795"><enum>(2)</enum><text>the Corporation
shall be represented by a counsel selected by the Corporation.</text>
</paragraph></subsection><subsection id="ID6eb325689e204ad690018ba72a394e0e"><enum>(d)</enum><header>Judgments and
liabilities based on operations after transition</header>
<paragraph id="idE31E29B33E8A4D9BB136147E3B38F825"><enum>(1)</enum><header>In
general</header><text>Except as otherwise provided in this subsection, a
judgment entered against the Corporation arising from operations of the
Corporation on or after the transfer date shall be payable solely by the
Corporation from funds of the Corporation.</text>
</paragraph><paragraph id="idA470649248664A5991EECFC1F30F2FFA"><enum>(2)</enum><header>Existing spent
fuel disposal contracts</header>
<subparagraph id="id3BB86DE5F5134BB982B8FB0DE13DF700"><enum>(A)</enum><header>In
general</header><text>Paragraph (1) shall not apply to a liability or judgment
that—</text>
<clause id="id7B5475C950784EC78CC81F26C87EC36A"><enum>(i)</enum><text>is based on a
spent fuel disposal contract in existence on the date of enactment of this
title; and</text>
</clause><clause id="idFF2A47B00F2A4BB8BAF6157ACF620B12"><enum>(ii)</enum><text>accrues not
later than 10 years after the license termination date of the reactor to which
the contract applies, including any renewals of the license granted by the
Nuclear Regulatory Commission.</text>
</clause></subparagraph><subparagraph id="idCAA9729BAF4A4AF4998A8731FB1875C1"><enum>(B)</enum><header>Payment</header><text>A
liability or judgment described in subparagraph (A) shall continue to
be—</text>
<clause id="id251811CAB66F4EFBADDE929F1A697769"><enum>(i)</enum><text>the
responsibility of the Department; and</text>
</clause><clause id="id653DBDCF66DD445A8E7B9072BA802231"><enum>(ii)</enum><text>payable pursuant
to section 1304 of title 31, United States Code.</text>
</clause></subparagraph></paragraph><paragraph id="id8B7C32B0F5C747C7808C4B33BE01CE46"><enum>(3)</enum><header>Relationship to
other provisions</header><text>Payments from the funds of the Corporation
described in paragraph (1) shall not be subject to the Nuclear Waste Policy Act
of 1982 (42 U.S.C. 10101 et seq.), including section 302(d) of that Act (42
U.S.C. 10222(d)).</text>
</paragraph><paragraph id="id41B38D8501444DCC87BBEF7FF0A6B2F4"><enum>(4)</enum><header>Treatment</header><text>The
Corporation shall not be considered to be a Federal agency for purposes of
chapter 171 of title 28, United States Code.</text>
</paragraph></subsection></section><section id="IDb7e3362ddd7046f0815fbd4d57eb8943"><enum>3206.</enum><header>Predeployment
activities by Corporation</header><text display-inline="no-display-inline">The
Corporation, in coordination with the Department, may carry out such activities
as are necessary to prepare for the provision of spent nuclear fuel management
services, including—</text>
<paragraph id="IDea031900ff724fa0ab8350db1029c5fb"><enum>(1)</enum><text>initiation of
public outreach and coordination with State and local stakeholders;</text>
</paragraph><paragraph id="ID566cfe64b0954ed6a89a59ea7d53d98b"><enum>(2)</enum><text>completion of
preapplication activities with the Commission;</text>
</paragraph><paragraph id="IDe1250d928ca5485086917b4cfb616025"><enum>(3)</enum><text>confirmation of
technical performance;</text>
</paragraph><paragraph id="IDa940c5a115a74124a87f71f7236de4d0"><enum>(4)</enum><text>validation of
economic projections;</text>
</paragraph><paragraph id="ID640405e3b0cb4842ad56097109db56db"><enum>(5)</enum><text>completion of
feasibility and risk studies;</text>
</paragraph><paragraph id="ID27ccfc6cefee4cb28519a8a286334ec7"><enum>(6)</enum><text>initiation of
preliminary plant design and engineering; and</text>
</paragraph><paragraph id="IDdda88c3d5f034c2a9358eb1ac5971785"><enum>(7)</enum><text>site selection,
site characterization, and environmental documentation activities.</text>
</paragraph></section><section id="ID84b79d111f024802a13c2e281954d848"><enum>3207.</enum><header>Construction
and operation of facilities</header>
<subsection id="id9AD9D4C46CF541698D4E59062B893FD5"><enum>(a)</enum><header>Establishment</header><text>If
the Corporation elects to proceed with the construction of a new facility, or
take over operation of an existing facility, for spent nuclear fuel management,
the Corporation may enter into a contract with 1 or more contractors for the
construction or operation of the facility.</text>
</subsection><subsection id="ID2f92c34505754db98d6c1b80298cde17"><enum>(b)</enum><header>Transactions
between Corporation and contractors</header>
<paragraph id="IDe2703856c4954439abd94b9d6bc6b6b9"><enum>(1)</enum><header>Grants</header><text>The
Corporation may make grants or loans to 1 or more contractors to carry out any
duty of the Corporation under this title.</text>
</paragraph><paragraph id="ID68cbba221464414c9632a0d310222678"><enum>(2)</enum><header>Licensing
agreement</header><text>The Corporation may license to a contractor any right,
title, or interest of the Corporation under this title.</text>
</paragraph><paragraph id="ID03387a3a3ef0428d8d2569d8ddf9f0c4"><enum>(3)</enum><header>Purchase
agreement</header><text>The Corporation may enter into a commitment to purchase
any spent nuclear fuel management service, nuclear material, or fuel product
produced at a facility operated by a contractor.</text>
</paragraph><paragraph id="ID64cab5d58e07451d91b7461725f2f5c7"><enum>(4)</enum><header>Additional
assistance</header><text>The Corporation may provide to a contractor such
additional personnel, services, and equipment as the Corporation determines to
be appropriate.</text>
</paragraph></subsection></section><section id="IDdfec462a011b4c4a84abf532ddcca50b"><enum>3208.</enum><header>Price-Anderson
coverage</header>
<subsection id="id38D6FEFE68F74C6F95D3765EA1900002"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 170 shall
apply to any spent nuclear fuel management facility—</text>
<paragraph id="id641F2ED234B44FF7902CCB264C3F2B08"><enum>(1)</enum><text display-inline="yes-display-inline">owned or operated by, or under contract
with, the Corporation;</text>
</paragraph><paragraph id="idE274E66A0B894A9D8E9C3EA62A931904"><enum>(2)</enum><text display-inline="yes-display-inline">licensed under section 53, 63, or 103;
and</text>
</paragraph><paragraph id="id2DD557903A9440FB824D9A348AA6B546"><enum>(3)</enum><text display-inline="yes-display-inline">constructed after the date of enactment of
this title.</text>
</paragraph></subsection><subsection id="id8D40EA886A3C4D90895DC0FDEBDBB401"><enum>(b)</enum><header>Indemnity
agreements</header><text display-inline="yes-display-inline">The Secretary,
pursuant to section 170, may enter in to any indemnity agreement with the
Corporation or a contractor of the Corporation as the Secretary determines to
be necessary.</text>
</subsection></section><section id="id2083FF6F358A4663B31C18F387E83D8B"><enum>3209.</enum><header>References</header><text display-inline="no-display-inline">Any reference to the Commission or the
Department contained in section 161 k., 221 a., or 230 shall be considered to
include the Corporation.</text>
</section><section id="ID3809ecf39c304637add13e819c778dbc"><enum>3210.</enum><header>Severability</header><text display-inline="no-display-inline">If any provision of this title or the
application of any such provision to any entity, person, or circumstance is for
any reason judged by a court of competent jurisdiction to be invalid, the
remainder of this title and the application of this title shall not be
affected.</text>
</section></subtitle>.
(b)The table of contents of the Atomic Energy Act of 1954
(42 U.S.C. 2011 note) is amended by adding at the end the following:
Sec. 1. Short title.
Sec. 2. United States Nuclear Fuel Management
Corporation.
TITLE III—United States Nuclear Fuel Management
Corporation
Sec. 3001. Purpose.
Sec. 3002. Definitions.
Subtitle A—Establishment, powers, and organization
Sec. 3101. Establishment.
Sec. 3102. Powers.
Sec. 3103. Board of Directors.
Sec. 3104. Management.
Sec. 3105. Audits.
Sec. 3106. Annual reports.
Sec. 3107. United States Nuclear Fuel Management Corporation
Fund.
Sec. 3108. Issuance of bonds.
Sec. 3109. Exemption from taxation and payments in lieu of
taxes.
Sec. 3110. Nonapplicability of certain Federal law.
Sec. 3111. Protection of information.
Sec. 3112. Transition and transfer requirements.
Subtitle B—Rights, privileges, and assets
Sec. 3201. Marketing and contracting authority.
Sec. 3202. Pricing.
Sec. 3203. Acquisition of Department land and
facilities.
Sec. 3204. Patents and inventions.
Sec. 3205. Liabilities.
Sec. 3206. Predeployment activities by Corporation.
Sec. 3207. Construction and operation of
facilities.
Sec. 3208. Price-Anderson coverage.
Sec. 3209. References.
Sec. 3210.
Severability.
.