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US HB7796
Bill
Status
3/4/2026
Primary Sponsor
Michael Lawler
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AI Summary
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Establishes a noncompetitive grant program through the U.S. Economic Development Administration to provide $15 per kilogram of spent nuclear fuel to local governments hosting stranded nuclear waste at decommissioned or decommissioning civilian nuclear power plants
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Creates an 8-year declining financial assistance program for communities experiencing at least 20% overall tax revenue loss due to nuclear plant decommissioning, with payments starting at 80% of lost revenue and decreasing by 10% annually, capped at $10 million per year
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Amends Internal Revenue Code Section 36 to provide a first-time homebuyer tax credit specifically for purchases in nuclear-affected communities in 14 states including California, Connecticut, Florida, Illinois, and New York
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Requires the EDA Administrator to establish within 180 days a $500,000 prize competition for innovative proposals to help affected communities develop alternatives to nuclear facilities, with a 9-member advisory board overseeing design and pilot project development
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Authorizes $110 million annually for fiscal years 2026-2031 and $120 million annually for fiscal years 2032-2036, with communities limited to one grant per calendar year
Legislative Description
Economic Recovery for Nuclear-Affected Communities Act
Last Action
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Financial Services, and Ways and Means, 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.
3/4/2026