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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.
National Defense Authorization Act for Fiscal Year 2024 as amended (PDF/details) in the GPO Statute Compilations collection; National Defense Authorization Act for Fiscal Year 2024 as enacted (PDF/details) in the US Statutes at Large; H.R. 2670 on Congress.gov; S. 2226 on Congress.gov; H.R. 3932 (IAA) on Congress.gov; S. 2103 (IAA) on Congress.gov
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In 2024, with overwhelming majorities Congress passed S. 870, containing the ADVANCE Act, which directs the Nuclear Regulatory Commission to improve its assessments of new nuclear technology and fuels, cuts regulatory approval costs for advanced reactor designs, creates a grant prize competition for deployment of Generation IV reactors, and ...
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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 ...
These are the main requirements for getting a VA-backed purchase loan: You must be entitled to and obtain a Certificate of Eligibility (COE) based on your military service record, including ...
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.