FIRST Act

Key Points

• This bill creates a new program at the State Department to help American companies sell small nuclear reactors to other countries. These reactors are smaller and easier to build than traditional nuclear plants.
• U.S. energy companies would get help finding customers overseas and competing against foreign government-backed businesses. Partner countries would receive training and technical help to make sure they use the technology safely.
• The goal is to strengthen U.S. national security and the economy by making America a leader in clean energy technology. It also helps ensure that other countries follow high safety and security standards when they start using nuclear power.
• The State Department would have to report to Congress every year about how much money is being spent and which countries are participating. The program is designed to last until the summer of 2034.

Impact Analysis

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