Strategic Nuclear Infrastructure Act

To establish a working group to provide input on the feasibility of establishing a program to support strategically important capital-intensive infrastructure projects. 1. Short title This Act may be cited as the Strategic Nuclear Infrastructure Act 2. Strategic Infrastructure Fund Working Group (a) Establishment There is established a working group, to be known as the Strategic Infrastructure Fund Working Group working group (b) Composition The working group shall be— (1) led by a White House official who shall serve as the White House focal point with respect to matters relating to the working group; and (2) composed of— (A) senior-level Federal officials, selected by the head of the applicable Federal agency or organization, from— (i) the Department of State; (ii) the Department of the Treasury; (iii) the Department of Commerce; (iv) the Department of Energy; (v) the Export-Import Bank of the United States; (vi) the United States International Development Finance Corporation; and (vii) the Nuclear Regulatory Commission; (B) other senior-level Federal officials, selected by the head of the applicable Federal agency or organization, from any other Federal agency or organization that the Secretary determines to be appropriate; and (C) any senior-level Federal official selected by the White House official described in paragraph (1) from any Federal agency or organization. (c) Reporting The working group shall report to the National Security Council. (d) Duties The working group shall— (1) provide direction and advice to the appropriate Federal agencies, as determined by the working group, with respect to the establishment of a Strategic Infrastructure Fund (referred to in this subsection as the Fund (A) to support those aspects of projects relating to— (i) civil nuclear technologies; and (ii) microprocessors; and (B) for strategic investments identified by the working group; and (2) address critical areas in determining the appropriate design for the Fund, including— (A) transfer of assets to the Fund; (B) transfer of assets from the Fund; (C) how assets in the Fund should be invested; and (D) governance and implementation of the Fund. (e) Report required (1) In general Not later than 1 year after the date of the enactment of this Act, the working group shall submit to the committees described in paragraph (2) a report on the findings of the working group that includes suggested legislative text for how to establish and structure a Strategic Infrastructure Fund. (2) Committees described The committees referred to in paragraph (1) are— (A) the Committee on Foreign Relations, the Committee on Commerce, Science, and Transportation, the Committee on Armed Services, the Committee on Energy and Natural Resources, the Committee on Environment and Public Works, and the Committee on Finance of the Senate; and (B) the Committee on Foreign Affairs, the Committee on Energy and Commerce, the Committee on Armed Services, the Committee on Science, Space, and Technology, and the Committee on Ways and Means of the House of Representatives. (3) Administration of the Fund The report submitted under paragraph (1) shall include suggested legislative language requiring all expenditures from a Strategic Infrastructure Fund established in accordance with this section to be administered by the Secretary of State (or a designee of the Secretary of State). (f) Civil nuclear defined In this section, the term civil nuclear (1) nuclear plant construction; (2) nuclear fuel services; (3) nuclear energy financing; (4) nuclear plant operations; (5) nuclear plant regulation; (6) nuclear medicine; (7) nuclear safety; (8) community engagement in areas in reasonable proximity to nuclear sites; (9) infrastructure support for nuclear energy; (10) nuclear plant decommissioning; (11) nuclear liability; (12) safe storage and safe disposal of spent nuclear fuel; (13) environmental safeguards; (14) nuclear nonproliferation and security; and (15) technology related to the matters described in paragraphs (1) through (14).

Summary: Strategic Nuclear Infrastructure Act This bill establishes a Strategic Infrastructure Fund Working Group to provide input to the National Security Council and other appropriate federal agencies on the feasibility of establishing a Strategic Infrastructure Fund that may be used to support capital-intensive infrastructure projects related to civil nuclear technologies, microprocessors, and other strategic investments.