the date of enactment of this Act, the Offices of the In-
spectors General for the Department of State and the De-
partment of Energy shall coordinate— 
(1) to establish and submit to the appropriate 
committees of Congress a joint strategic plan to con-
duct comprehensive oversight of activities authorized 
under this section to prevent fraud, waste, and 
abuse; and 
(2) to engage in independent and effective over-
sight of activities authorized under this section 
through joint or individual audits, inspections, inves-
tigations, or evaluations. 
(e) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Secretary of State 
to carry out the initiative $50,000,000 for each of fiscal 
years 2024 through 2028. 
SEC. 9. BIENNIAL CABINET-LEVEL INTERNATIONAL CON-
FERENCE ON NUCLEAR SAFETY, SECURITY, 
SAFEGUARDS, AND SUSTAINABILITY. 
(a) IN GENERAL.—The President, in coordination 
with international partners, as determined by the Presi-
dent, and industry, shall hold a biennial conference on civil 
nuclear safety, security, safeguards, and sustainability (re-
ferred to in this section as a ‘‘conference’’). 
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(b) CONFERENCE FUNCTIONS.—It is the sense of 
Congress that each conference should— 
(1) be a forum in which ally or partner nations 
may engage with each other for the purpose of rein-
forcing the commitment to— 
(A) nuclear safety, security, safeguards, 
and sustainability; 
(B) environmental safeguards; and 
(C) local community engagement in areas 
in reasonable proximity to nuclear sites; and 
(2) facilitate— 
(A) the development of— 
(i) joint commitments and goals to 
improve— 
(I) nuclear safety, security, safe-
guards, and sustainability; 
(II) environmental safeguards; 
and 
(III) local community engage-
ment in areas in reasonable proximity 
to nuclear sites; 
(ii) stronger international institutions 
that support nuclear safety, security, safe-
guards, and sustainability; 
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(iii) cooperative financing relation-
ships to promote competitive alternatives 
to Chinese and Russian financing; 
(iv) a standardized financing and 
project management framework for the 
construction of civil nuclear power plants; 
(v) a standardized licensing frame-
work for civil nuclear technologies; 
(vi) a strategy to change internal poli-
cies of multinational development banks, 
such as the World Bank, to support the fi-
nancing of civil nuclear projects; 
(vii) a document containing any les-
sons learned from countries that have 
partnered with the Russian Federation or 
the People’s Republic of China with re-
spect to civil nuclear power, including any 
detrimental outcomes resulting from that 
partnership; and 
(viii) a global civil nuclear liability re-
gime; 
(B) cooperation for enhancing the overall 
aspects of civil nuclear power, such as— 
(i) nuclear safety, security, safe-
guards, and sustainability; 
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(ii) nuclear laws (including regula-
tions); 
(iii) waste management; 
(iv) quality management systems; 
(v) technology transfer; 
(vi) human resources development; 
(vii) localization; 
(viii) reactor operations; 
(ix) nuclear liability; and 
(x) decommissioning; and 
(C) the development and determination of 
the mechanisms described in paragraphs (7) 
and (8) of section 10(a), if the President in-
tends to establish an Advanced Reactor Coordi-
nation and Resource Center as described in 
that section. 
(c) INPUT FROM INDUSTRY AND GOVERNMENT.—It 
is the sense of Congress that each conference should in-
clude a meeting that convenes nuclear industry leaders 
and leaders of government agencies with expertise relating 
to nuclear safety, security, safeguards, or sustainability to 
discuss best practices relating to— 
(1) the safe and secure use, storage, and trans-
port of nuclear and radiological materials; 
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(2) managing the evolving cyber threat to nu-
clear and radiological security; and 
(3) the role that the nuclear industry should 
play in nuclear and radiological safety, security, and 
safeguards, including with respect to the safe and 
secure use, storage, and transport of nuclear and ra-
diological materials, including spent nuclear fuel and 
nuclear waste. 
SEC. 10. ADVANCED REACTOR COORDINATION AND RE-
SOURCE CENTER. 
(a) IN GENERAL.—The President shall consider the 
feasibility of leveraging existing activities or frameworks 
or, as necessary, establishing a center, to be known as the 
‘‘Advanced Reactor Coordination and Resource Center’’ 
(referred to in this section as the ‘‘Center’’), for the pur-
poses of— 
(1) identifying qualified organizations and serv-
ice providers— 
(A) for embarking civil nuclear nations; 
(B) to develop and assemble documents, 
contracts, and related items required to estab-
lish a civil nuclear program; and 
(C) to develop a standardized model for 
the establishment of a civil nuclear program 
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that can be used by the International Atomic 
Energy Agency; 
(2) coordinating with countries participating in 
the Center and with the Nuclear Exports Working 
Group established under section 3(b)— 
(A) to identify funds to support payment 
for services required to develop a civil nuclear 
program; 
(B) to provide market analysis; and 
(C) to create— 
(i) project structure models; 
(ii) models for electricity market anal-
ysis; 
(iii) models for nonelectric applica-
tions market analysis; and 
(iv) financial models; 
(3) identifying and developing the safety, secu-
rity, safeguards, and nuclear governance required 
for a civil nuclear program; 
(4) supporting multinational regulatory stand-
ards to be developed by countries with civil nuclear 
programs and experience; 
(5) developing and strengthening communica-
tions, engagement, and consensus-building; 
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(6) carrying out any other major activities to 
support export, financing, education, construction, 
training, and education requirements relating to the 
establishment of a civil nuclear program; 
(7) developing mechanisms for how to fund and 
staff the Center; and 
(8) determining mechanisms for the selection of 
the location or locations of the Center. 
(b) OBJECTIVE.—The President shall carry out sub-
section (a) with the objective of establishing the Center 
if the President determines that it is feasible to do so. 
SEC. 11. INVESTMENT BY ALLIES AND PARTNERS OF THE 
UNITED STATES. 
(a) COMMERCIAL LICENSES.—Section 103 d. of the 
Atomic Energy Act of 1954 (42 U.S.C. 2133(d)) is 
amended, in the second sentence— 
(1) by inserting ‘‘for a production facility’’ after 
‘‘No license’’; and 
(2) by striking ‘‘any any’’ and inserting ‘‘any’’. 
(b) MEDICAL THERAPY AND RESEARCH DEVELOP-
MENT LICENSES.—Section 104 d. of the Atomic Energy 
Act of 1954 (42 U.S.C. 2134(d)) is amended, in the sec-
ond sentence, by inserting ‘‘for a production facility’’ after 
‘‘No license’’. 
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SEC. 12. STRATEGIC INFRASTRUCTURE FUND WORKING 
GROUP. 
(a) ESTABLISHMENT.—There is established a work-
ing group, to be known as the ‘‘Strategic Infrastructure 
Fund Working Group’’ (referred to in this section as the 
‘‘working group’’) to provide input on the feasibility of es-
tablishing a program to support strategically important 
capital-intensive infrastructure projects. 
(b) COMPOSITION.—The working group shall be— 
(1) led by a White House official, who may be 
the Assistant (if appointed), who shall serve as the 
White House focal point with respect to matters re-
lating 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 
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(vii) the Nuclear Regulatory Commis-
sion; 
(B) other senior-level Federal officials, se-
lected by the head of the applicable Federal 
agency or organization, from any other Federal 
agency or organization that the Secretary deter-
mines to be appropriate; and 
(C) any senior-level Federal official se-
lected by the White House official described in 
paragraph (1) from any Federal agency or or-
ganization. 
(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 officials 
described in section 3(a)(2)(A) and appropriate Fed-
eral agencies, as determined by the working group, 
with respect to the establishment of a Strategic In-
frastructure Fund (referred to in this subsection as 
the ‘‘Fund’’) to be used— 
(A) to support those aspects of projects re-
lating to— 
(i) civil nuclear technologies; and 
(ii) microprocessors; and 
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(B) for strategic investments identified by 
the working group; and 
(2) address critical areas in determining the ap-
propriate 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 in-
vested; 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 work-
ing group that includes suggested legislative text for 
how to establish and structure a Strategic Infra-
structure 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 Serv-
ices, the Committee on Energy and Natural Re-
sources, the Committee on Environment and 
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Public Works, and the Committee on Finance 
of the Senate; and 
(B) the Committee on Foreign Affairs, the 
Committee on Energy and Commerce, the Com-
mittee on Armed Services, the Committee on 
Science, Space, and Technology, and the Com-
mittee on Ways and Means of the House of 
Representatives. 
(3) ADMINISTRATION OF THE FUND.—The re-
port submitted under paragraph (1) shall include 
suggested legislative language requiring all expendi-
tures from a Strategic Infrastructure Fund estab-
lished in accordance with this section to be adminis-
tered by the Secretary of State (or a designee of the 
Secretary of State). 
SEC. 13. JOINT ASSESSMENT BETWEEN THE UNITED 
STATES AND INDIA ON NUCLEAR LIABILITY 
RULES. 
(a) IN GENERAL.—The Secretary of State, in con-
sultation with the heads of other relevant Federal depart-
ments and agencies, shall establish and maintain within 
the U.S.-India Strategic Security Dialogue a joint consult-
ative mechanism with the Government of the Republic of 
India that convenes on a recurring basis— 
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(1) to assess the implementation of the Agree-
ment for Cooperation between the Government of 
the United States of America and the Government 
of India Concerning Peaceful Uses of Nuclear En-
ergy, signed at Washington October 10, 2008 (TIAS 
08–1206); 
(2) to discuss opportunities for the Republic of 
India to align domestic nuclear liability rules with 
international norms; and 
(3) to develop a strategy for the United States 
and the Republic of India to pursue bilateral and 
multilateral diplomatic engagements related to ana-
lyzing and implementing those opportunities. 
(b) REPORT.—Not later than 180 days after the date 
of the enactment of this Act, and annually thereafter for 
5 years, the Secretary of State, in consultation with the 
heads of other relevant Federal departments and agencies, 
shall submit to the appropriate committees of Congress 
a report that describes the joint assessment developed pur-
suant to subsection (a)(1). 
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SEC. 14. UNITED STATES SMALL MODULAR REACTOR INI-
TIATIVE TO INCREASE COMPETITIVENESS 
AND EXPORT OF UNITED STATES NUCLEAR 
REACTOR TECHNOLOGIES. 
(a) OBJECTIVES.—The objectives of this section 
are— 
(1) to expeditiously demonstrate domestic origin 
small modular reactor technology that is competitive 
in international markets against designs offered by 
the Russian Federation and the People’s Republic of 
China; 
(2) to expeditiously promote and develop a do-
mestic nuclear supply chain to support near-term 
international export of small modular reactors; and 
(3) to expeditiously develop and demonstrate 
small modular reactor technology that utilizes reac-
tor fuels derived from low-enriched uranium. 
(b) AUTHORIZATION OF APPROPRIATIONS.—In addi-
tion to amounts otherwise available, there are authorized 
to be appropriated to the Secretary pursuant to the fund-
ing opportunity announcements of the Department num-
bered 
DE–NE0008935 
and 
DE–NE0008928, 
$1,439,000,000 for fiscal year 2024, to remain available 
until September 30, 2032, for ongoing work to support 
regulatory development, design, and deployment activities. 
Æ 
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