Advanced Nuclear Reactor Prize Act

HR 6253, the Advanced Nuclear Reactor Prize Act, creates a program to reimburse non-Federal entities and the Tennessee Valley Authority (TVA) for licensing fees paid to the Nuclear Regulatory Commission (NRC) when they receive approval for advanced nuclear reactors. The bill covers five specific reactor types, including those using spent nuclear fuel, integrated energy systems designed to reduce emissions, and flexible reactors for process heat. Reimbursement equals the exact licensing fees paid to the NRC (including construction permit or early site permit costs), with no requirement for repayment or interest. This applies only to the first qualifying reactor in each category that receives an operating license or specific NRC findings after the bill's enactment.