Energy (Nuclear)

HR 1622 reclassifies uranium as a critical mineral under federal law, overriding existing exclusions. It retroactively includes uranium on the 2022 critical minerals list published by the U.S. Geological Survey and mandates its inclusion in all future lists under the Energy Act of 2020. This change directly affects federal programs managing critical mineral supply chains, such as defense stockpiling and domestic production incentives. The bill does not create new funding or regulations but alters uranium's regulatory status to prioritize its role in national energy security.

The Fusion Advanced Manufacturing Parity Act creates a 25% tax credit on the sales price of specific fusion energy components, such as fusion chambers, high-temperature superconducting magnets, and cooling systems, sold after 2025. The credit phases out over time, reducing to 75% of the base credit in 2032, 50% in 2033, and 25% in 2034, with no credit after 2034. This policy directly affects manufacturers producing qualifying components for fusion energy machines designed to generate electricity or process heat. The credit aims to lower manufacturing costs for companies in the emerging fusion energy sector by providing financial incentives for these specialized components.