"President Biden signed a bipartisan bill Tuesday aimed at bolstering the nation’s nuclear power in what supporters describe as a historic win for the sector.

The nuclear package is expected to speed up the timeline for licensing new nuclear reactors and cut fees that companies have to pay to do so.

It also requires the Nuclear Regulatory Commission to put together a report that considers ways to simplify and shorten the environmental review process for such reactors.

Supporters say the legislation is a big deal for the nuclear power sector, and will help bring more of the climate-friendly, albeit controversial, power source online."

Rachel Frazin reports for The Hill July 9, 2024. [2]