Nuclear Red Tape Reduction Act

HR 4676, the Nuclear Red Tape Reduction Act, streamlines nuclear licensing by requiring the Nuclear Regulatory Commission (NRC) to use risk-informed, performance-based techniques "to the maximum extent practicable" when reviewing applications. It shortens deadlines for certain hearings (from 60 to 45 days for combined licenses) and clarifies when hearings are mandatory for construction permits. The bill also mandates the NRC to submit a report within 120 days detailing how it determines license renewal terms and "adequacy of licensee programs" under existing rules. These changes directly affect nuclear power companies seeking licenses and the NRC, aiming to reduce regulatory delays without altering substantive safety standards.