The REACT Act directs the Nuclear Regulatory Commission to require nuclear power plants that are being decommissioned to provide more detailed financial reporting about their decommissioning trust funds. Specifically, power reactor licensees would need to report the interest their trust funds earn, the projected annual rate of return on those funds, and a detailed breakdown of all spending from the funds used for decommissioning activities. This legislation affects nuclear facility operators who manage these trust funds and aims to increase transparency and accountability in how decommissioning money is being spent. The bill establishes no specific funding allocations or implementation timeline but requires the NRC to update its regulations to implement these new reporting requirements.
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