ARC Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5421 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5421 To provide enhanced provisions for advanced nuclear energy projects receiving loan guarantees through the Department of Energy, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 4, 2024 Mr. Risch introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To provide enhanced provisions for advanced nuclear energy projects receiving loan guarantees through the Department of Energy, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Accelerating Reliable Capacity Act of 2024'' or the ``ARC Act of 2024''. SEC. 2. NEW NUCLEAR INVESTMENT ACCELERATOR PROGRAM. (a) Purpose.--The purpose of this section is to increase cost certainty for capital-intensive projects for which a guarantee is provid…