About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 S. 1457, Advanced Nuclear Energy Technologies Act 1 (December 20, 2018)

handle is hein.congrec/cboanet0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE December 20, 2018 S. 1457 Advanced Nuclear Energy Technologies Act As reported by the Senate Committee on Energy and Natural Resources on May 21, 2018 SUMMARY S. 1457 would specify objectives for the Department of Energy's (DOE's) programs related to the development of advanced nuclear energy technologies. The bill would direct the Secretary of Energy to enter into one or more agreements with nonfederal partners, by September 30, 2028, to implement at least four projects to demonstrate the potential for such technologies to be used in commercial nuclear reactors. CBO expects that meeting that deadline would require a significant and sustained increase in federal spending relative to current funding for DOE's nuclear energy programs. Using information from DOE and the nuclear industry, CBO estimates that implementing S. 1457 would cost $4 billion over the 2019-2023 period, and $12.6 billion over the 2019-2028 period, assuming appropriation of the necessary amounts. That spending would support a broad range of research and engineering activities necessary to advance nuclear technology as well as activities related to designing, licensing, and implementing demonstration projects under the bill. In 2019, the Congress provided about $1 billion for DOE's nuclear energy programs. In addition, CBO expects that the government would support the financing of at least some of the costs to construct demonstration facilities required under S. 1457 through alternative contractual arrangements that are not contingent on further legislation. As a result, CBO estimates that enacting the legislation would increase direct spending by $335 million over the 2019-2028 period. Because enacting S. 1457 would affect direct spending, pay-as-you-go procedures apply. S. 1457 would not affect revenues. CBO estimates that enacting S. 1457 would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2029. S. 1457 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most