CBO: Nuclear Energy Technology Bill Would Cost $4B Over 5 Years

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The Congressional Budget Office estimates the government would spend $4B between 2019 and 2023 to implement a bill supporting the Department of Energy’s nuclear energy programs. The bill, known as S. 1457, tasks the Secretary of Energy with developing partnerships for commercial nuclear technology projects, CBO said Dec. 20.

The secretary, as per the bill, must form these partnerships by Sept. 30, 2028 for four projects, and implementing the bill on schedule would boost the department’s expenses. CBO also projects the bill will require $12.6B in funds for a period covering 2019 through 2028.

Projects to result from the bill would include, research, engineering, design, licensing, implementation and demonstration efforts on nuclear energy.

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