S 3618 · 111th Congress · Energy

Enabling the Nuclear Renaissance Act

Introduced 2010-07-20· Sponsored by Sen. Voinovich, George V. [R-OH]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2010-07-20)

Plain Language Summary

[AI summary unavailable — showing source text] Enabling the Nuclear Renaissance Act - Expresses the sense of Congress that: (1) nuclear energy shall be considered clean energy; (2) any provision of federal law relating to clean energy shall be considered to include nuclear energy as a form of clean energy; and (3) nuclear energy is a renewable-equivalent for purposes of a renewable energy standard. Amends the Internal Revenue Code to create: (1) a five-year accelerated depreciation period for tangible property used in the manufacturing of an advanced nuclear power facility; (2) a nuclear power facility construction credit; (3) advanced energy project tax credits for nuclear power facilities; and (4) an American Society of Mechanical Engineers (ASME) nuclear certification credit. Directs the Secretary of the Treasury to award a grant to each qualified public entity which places in service a qualified nuclear power facility in order to reimburse it for a portion of its nuclear power facility expenditures. Amends the Omnibus Appropriations Act, 2009 to increase the funding for loan guarantee commitments under the Title 17 Innovative Technology Loan Guarantee Program. Amends the Energy Policy Act of 2005 (EPA) to revise requirement…

Summarized by Claude AI · Non-partisan · For informational purposes only