Referred to the Committee on Foreign Affairs, and in addition to the Committees on Armed Services, Energy and Commerce, Financial Services, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
H.R. 4263, known as the 123 GO Act, aims to boost the competitiveness of the U.S. nuclear industry in global markets. The bill directs the Secretary of State to lead negotiations for at least 20 new nuclear cooperation agreements (called "123 agreements") with foreign countries before January 2029, and to renew or renegotiate existing agreements set to expire within 10 years. Additionally, the Secretary of State, working with the Secretaries of Commerce and Energy, must establish a program to help American nuclear suppliers, investors, and lenders compete for international projects by streamlining intergovernmental nuclear agreements, promoting international liability conventions, removing regulatory barriers to exports, and encouraging foreign countries to adopt U.S. nuclear technology. The bill reflects Congress's support for deploying advanced nuclear reactor technologies as part of national security strategy. No specific funding amounts are mentioned in the legislation.
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