STRANDED Act of 2021

To assist communities affected by stranded nuclear waste, and for other purposes. 1. Short title This Act may be cited as the Sensible, Timely Relief for America's Nuclear Districts' Economic Development Act of 2021 STRANDED Act of 2021 2. Findings Congress finds that— (1) in 1982, Congress authorized the Secretary of Energy and the Chairman of the Nuclear Regulatory Commission to safely manage and dispose of the most highly radioactive nuclear waste of the United States, a responsibility that includes— (A) removing spent nuclear fuel from commercial nuclear power plants for a fee; and (B) transporting the spent fuel to— (i) a permanent geological repository; or (ii) an interim storage facility before permanent disposal; (2) for more than 30 years, nuclear power plants have operated in good faith that the Federal Government would establish a permanent geological repository; (3) communities affected by stranded nuclear waste are in fact interim nuclear waste storage sites; (4) the Nuclear Waste Policy Act of 1982 42 U.S.C. 10101 (A) directed the Secretary to make annual impact assistance payments to States or appropriate units of local government to mitigate the social and economic impacts of the establishment and operation of interim nuclear waste storage capacity within the jurisdictional boundaries of an affected community; and (B) established the rate for impact assistance payments at $15 per kilogram of spent nuclear fuel; (5) decommissioning a commercial nuclear power plant is often catastrophic for the host community because nuclear power plants are major employers and the primary source of local tax revenue; (6) stranded nuclear waste is a profound obstacle to future economic growth, deterring potential employers and residents from considering the host community; (7) stranded nuclear waste prevents economic development in communities in which the stranded nuclear waste is located; and (8) it is critical to provide resources to communities that— (A) are challenged by stranded nuclear waste; or (B) will be challenged by stranded nuclear waste during the 10-year period beginning on the date of enactment of this Act. 3. Definitions In this Act: (1) Academy The term Academy (2) Affected community The term affected community (3) Eligible civilian nuclear power plant The term eligible civilian nuclear power plant (A) has been decommissioned; or (B) is in the process of being decommissioned. (4) Secretary The term Secretary (5) Stranded nuclear waste The term stranded nuclear waste 4. Innovative solutions prize competition (a) Establishment Not later than 180 days after the date of enactment of this Act, the Secretary shall establish under section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3719 prize competition (b) Prize board (1) Establishment There is established an advisory board (referred to in this section as the Board (A) the design and implementation of the prize competition; and (B) the development of each pilot project under subsection (d). (2) Composition The Board shall be composed of not fewer than 9 members appointed by the Secretary— (A) who shall provide expertise in— (i) nuclear waste; (ii) workforce issues; (iii) technology development; and (iv) economic development; and (B) who may include representatives from— (i) the National Laboratories; (ii) nonprofit organizations; and (iii) institutions of higher education. (c) Award amount An award under the prize competition shall be in the amount of $500,000. (d) Pilot project (1) In general The Secretary, in consultation with the Board, shall develop a pilot project based on each proposal for which a prize is awarded under the prize competition. (2) Funding Of the amounts made available under section 8, the Secretary may use $500,000 to carry out each pilot project under paragraph (1). (e) Report Not later than 60 days after the date on which a prize is awarded under the prize competition, the Secretary shall submit to the relevant committees of Congress a report that describes the proposal for which the prize was awarded. 5. Stranded Nuclear Waste Task Force (a) Establishment The Secretary shall establish a task force, to be known as the Stranded Nuclear Waste Task Force (1) to conduct a study on existing public and private resources and funding for which affected communities may be eligible; and (2) to develop immediate and long-term economic adjustment plans tailored to the needs of each affected community. (b) Study Not later than 180 days after the date of enactment of this Act, the Stranded Nuclear Waste Task Force shall complete and submit to Congress the study described in subsection (a). 6. Economic impact grants (a) Establishment Not later than 60 days after the date of enactment of this Act, the Secretary shall establish and carry out a noncompetitive grant program to provide financial assistance to units of local government within the jurisdictional boundary of which an eligible civilian nuclear power plant is located to offset the economic and social impacts of stranded nuclear waste in affected communities. (b) Eligibility A unit of local government that is an affected community shall be eligible to receive a grant under this section for a fiscal year. (c) Awards (1) Amount The amount of a grant awarded under subsection (a) shall be equal to $15 for each kilogram of spent nuclear fuel stored at the eligible civilian nuclear power plant in the affected community. (2) Number and frequency With respect to each eligible civilian nuclear power plant, the Secretary may only award 1 grant under subsection (a) to each eligible unit of local government for each fiscal year. 7. Annual report Not later than 1 year after the date of enactment of this Act, and annually thereafter through fiscal year 2026, the Secretary shall submit to Congress a report that— (1) describes and evaluates the progress and effectiveness of— (A) the prize competition established under section 4(a); (B) each pilot project established under section 4(d); and (C) the grant program established under section 6(a); and (2) provides recommendations for legislative, regulatory, or other changes to improve the prize competition, pilot projects, or grant program described in paragraph (1), as applicable. 8. Authorization of appropriations (a) In general There is authorized to be appropriated to the Secretary to carry out this Act $175,000,000 for each of fiscal years 2022 through 2026. (b) No offset None of the funds made available under this section may be used to offset the funding for any other Federal program.

Summary: Sensible, Timely Relief for America's Nuclear Districts' Economic Development Act of 2021 or the STRANDED Act of 2021 This bill provides resources to communities that are challenged by stranded nuclear waste. The bill requires the Department of Energy (DOE) to establish a competitive prize competition for affected communities to carry out alternatives to nuclear facilities, generating sites, and waste sites. DOE must also (1) establish the Stranded Nuclear Waste Task Force to study existing public and private resources and funding for affected communities, and (2) establish a grant program to assist localities near nuclear power plants to offset the impacts of stranded nuclear waste in affected communities.