Coons

Moran

The bipartisan Financing Our Futures Act, which expands certain financing tools to all types of energy resources and infrastructure projects, was reintroduced to the U.S. Senate on February 20 by Sens. Jerry Moran (R., Kan.) and Chris Coons (D., Del.).

Via amendment to the Internal Revenue Code, the legislation would allow advanced nuclear energy projects to form as master limited partnerships (MLPs), a tax structure currently available only to traditional energy projects.

An MLP is a business structure that is taxed as a partnership but the ownership interests of which are traded like corporate stock on a market. Until the Internal Revenue Code is amended, MLPs will continue to be available only to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects that derive at least 90 percent of their income from these sources. This change would take effect on January 1, 2026.

Hanson

Nuclear Regulatory Commission chair Christopher Hanson was renominated today by a Senate vote of 81–17 for a five-year term expiring June 30, 2029.

Earlier, in May, the U.S. Senate Environment and Public Works Committee voted 18–1 to advance Hanson’s renomination to the NRC. Hanson has been a commissioner since 2020 and was named chair by President Biden in January 2021.

“The American Nuclear Society commends the Senate for confirming the renomination of Christopher T. Hanson as chair of the U.S. NRC,” said American Nuclear Society Executive Director/Chief Executive Officer Craig Piercy. “We look forward to Chair Hanson’s continued leadership in ensuring the safe and efficient operation of our existing nuclear power plants and in developing a robust licensing framework for new nuclear technologies. The NRC is vital in ensuring the safe use of nuclear technology for zero-carbon energy, cancer detection and treatment, food safety, and more.”

Hanson

The U.S. Senate Environment and Public Works Committee voted 18–1 yesterday to advance the renomination of Christopher T. Hanson as a member of the Nuclear Regulatory Commission. Hanson has been a commissioner since 2020, and was named chair by President Biden in January 2021. The full U.S. Senate will consider Hanson’s nomination later this month.

Voices of support: “Chair Hanson is a dedicated public [servant] who has thoughtfully and . . . skillfully led the [NRC] during his tenure as its chair. Throughout his time on the[NRC], he has demonstrated his commitment to ensuring the safety and the security of our nation’s use of nuclear energy,” said EPW committee chair Tom Carper (D., Del.) before the vote.

A bipartisan bill to ensure that U.S. universities are equipped to play a key role in supporting the deployment of advanced nuclear technology and applications has been passed by the House Committee on Science, Space, and Technology.

The National Nuclear University Research Infrastructure Reinvestment Act of 2021 (H.R. 4819) would boost investment in new and existing university nuclear science and engineering infrastructure, establish regional consortia to promote collaboration with industry and national laboratories, and support the development of advanced reactor technology and the workforce required for commercial advanced reactor deployment.

The American Nuclear Society was among 24 nuclear-related companies and organizations that signed a letter urging Senate sponsors of the American Nuclear Infrastructure Act (ANIA) to reintroduce and advance the legislation. The signees represent a broad range of nuclear supporters from the industrial, nonprofit, and advocacy sectors. The letter was sent to Sens. Shelley Moore Capito (R., W.Va.), Mike Crapo (R., Idaho), John Barrasso (R., Wyo.), Cory Booker (D., N.J.), and Sheldon Whitehouse (D., R.I.). Barrasso was the original sponsor of the bill, while Whitehouse, Crapo, and Booker were original cosponsors.

The U.S. Senate Energy and Natural Resources Committee (ENR) will hold a hearing on Thursday, March 25, to examine the latest developments in the nuclear energy sector, with a focus on ways to maintain and expand the use of nuclear energy in the United States and abroad.

The hearing can be viewed live at 9:45 a.m. EST. More information about the hearing is available online.