The Jobs, Not Waste Act of 2026 terminates the decades-long licensing process for the Yucca Mountain nuclear waste repository in Nevada and prohibits the federal government from reconsidering the site for this purpose in the future. The bill requires the Secretary of Energy to reclaim the Yucca Mountain site and mitigate environmental damage caused by previous characterization activities. Within 180 days of enactment, the Office of Management and Budget must submit a study to Congress examining the economic viability and job creation potential of alternative uses for the site, including renewable energy development, scientific research, and defense applications such as unmanned aircraft command facilities. The legislation affects the Department of Energy, the Nuclear Regulatory Commission, and Nevada residents who have long opposed the nuclear waste repository project, while the study is intended to identify new economic opportunities for the site.