HB 434 Summary

• Establishes the Ohio Nuclear Development Authority within the Department of Development to advance nuclear technology research, isotope production, and nuclear waste reduction in Ohio.

• Authority consists of nine members appointed by the governor representing three stakeholder groups: safety, industry, and engineering research/development, with specific professional qualifications required for each group.

• Creates a seven-member nominating council including the president of the senate, speaker of the house, and five members from Ohio State University's nuclear engineering external advisory board to recommend authority appointees.

• Grants the authority power to assume regulatory functions from the U.S. Nuclear Regulatory Commission, Department of Energy, or military branches; develop strategic plans; foster partnerships with public/private institutions; and approve designs for advanced nuclear reactor commercialization.

• Requires the authority to submit annual reports by July 4 to the governor and legislative leaders, and to adopt rules ensuring public safety regarding nuclear technology research and radioactive materials.