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The Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act of 2024, or the ADVANCE Act of 2024, is a piece of legislation passed by the 118th United States Congress to accelerate the development of generation IV nuclear reactor technology and keep existing United States nuclear electric power plants online.
RESTON, Va., June 25, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, applauds the passage of the ADVANCE Act, or the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act, which aims to accelerate the deployment of advanced nuclear energy in the United States.
On May 8, 2024, the U.S. House of Representatives passed the ADVANCE Act on a 393-13 vote. The bill is now expected to be signed into law by President Biden. The ADVANCE Act plays exactly into NANO Nuclear’s mission of developing cutting edge portable micro nuclear reactors.
Agreed to by the House on April 20, 2024 (366-58 311-112 385-34 360-58) and by the Senate on April 23, 2024 Signed into law by President Joe Biden on April 24, 2024 Public Law 118-50 (referred to as the National Security Act, 2024 in drafts) is an appropriations bill enacted by the 118th Congress and signed into law by president Joe Biden on ...
After some debate in 2003, the Act was extended to 2017. The individual insurance for each site was increased to $300 million while fund contributions per reactor were increased to $95.8 million. In 2005, it was extended again through 2025 via the Energy Policy Act of 2005. In July 2024, the act was extended through 2045 as part of the ADVANCE Act.
The National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies the budget, expenditures, and policies of the U.S. Department of Defense (DOD) for fiscal year 2024. [1]
As well as $1.8 billion of unallocated capital for the 2024-2025 period, which I should remind is not updated for the increase in 2024 earnings guidance or outlook for 2025. Moving to Slide 9.
On May 22, the House Armed Services Committee approved its version of the 2025 National Defense Authorization Act, by a 57–1 vote. [5] As passed by the Committee, the bill included the Pentagon's controversial "Legislative Proposal 480", transferring Air National Guard space units to the Space Force; however, the Committee accepted an amendment proposed by Joe Wilson (R‑SC), watering down ...