Atomic Energy Advancement Act

The Atomic Energy Advancement Act modernizes nuclear energy regulation and deployment in the United States. It requires the Nuclear Regulatory Commission to update its mission to prioritize efficient licensing while maintaining safety standards, establishes reduced fees for advanced reactor applicants, and creates a prize program to reward the first successful advanced reactor licensing. The bill also streamlines environmental reviews for nuclear projects at brownfield sites and extends the Price-Anderson Act, which limits liability for nuclear accidents. Additionally, it mandates the Commission to develop risk-informed oversight procedures for nuclear facilities.