REGULATORY REQUIREMENTS FOR MICRO-REACTORS.

SEC. 208. [42 U.S.C. 2133 note] REGULATORY REQUIREMENTS FOR MICRO-REACTORS. (a) Micro-Reactor Licensing.—The Commission shall— (1) not later than 18 months after the date of enactment of this Act, develop risk-informed and performance-based strategies and guidance to license and regulate micro-reactors pursuant to section 103 of the Atomic Energy Act of 1954 (42 U.S.C. 2133), including strategies and guidance for— (A) staffing and operations; (B) oversight and inspections; (C) safeguards and security; (D) emergency preparedness; (E) risk analysis methods, including alternatives to probabilistic risk assessments; (F) decommissioning funding assurance methods that permit the use of design- and site-specific cost estimates; (G) the transportation of fueled micro-reactors; and (H) siting, including in relation to— (i) the population density criterion limit described in the policy issue paper on population-related siting considerations for advanced reactors dated May 8, 2020, and numbered SECY-20-0045; (ii) licensing mobile deployment; and (iii) environmental reviews; and (2) not later than 3 years after the date of enactment of this Act, implement, as appropriate, the strategies and guidance developed under paragraph (1)— (A) within the existing regulatory framework; (B) through the technology-inclusive regulatory framework to be established under section 103(a)(4) of the Nuclear Energy Innovation and Modernization Act (42 U.S.C. 2133 note; Public Law 115-439); or (C) through a pending or new rulemaking. (b) Considerations.—In developing and implementing strategies and guidance under subsection (a), the Commission shall consider— (1) the unique characteristics of micro-reactors, including characteristics relating to— (A) physical size; (B) design simplicity; and (C) source term; (2) opportunities to address redundancies and inefficiencies; (3) opportunities to consolidate review phases and reduce transitions between review teams; (4) opportunities to establish integrated review teams to ensure continuity throughout the review process; and (5) other relevant considerations discussed in the policy issue paper on policy and licensing considerations related to micro-reactors dated October 6, 2020, and numbered SECY-20-0093. (c) Consultation.—In carrying out subsection (a), the Commission shall consult with— (1) the Secretary of Energy; (2) the heads of other Federal agencies, as appropriate; (3) micro-reactor technology developers; and (4) other stakeholders.