108 
‘‘(i) key areas of nuclear research, de-
velopment, and deployment that range 
from basic research on advanced nuclear 
reactor generation to full-design develop-
ment, safety evaluation, and licensing; 
‘‘(ii) resolving materials challenges re-
lating to radiation damage or corrosive 
coolants; and 
‘‘(iii) qualification of advanced nuclear 
fuel; 
‘‘(B) infrastructure, such as a versatile re-
actor-based fast neutron source, which is re-
quired to be established in section 955(c)(1), or 
a molten salt testing facility to aid in research, 
is constructed; and 
‘‘(C) advanced manufacturing and con-
struction techniques and materials are analyzed 
to identify strategies to reduce the commer-
cialization cost of advanced nuclear reactors.’’. 
(c) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Secretary 
$1,500,000,000 for each of fiscal years 2022 through 
2023 for each of the following: 
(1) Gateway for Accelerated Innovation in Nu-
clear vouchers. 
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(2) Advanced nuclear technology development 
funding opportunity announcements. 
(3) Advanced small modular nuclear reactor re-
search and development. 
(4) The advanced reactor demonstration pro-
gram. 
(5) The Nuclear Reactor Innovation Center. 
(d) AUTHORIZATION
OF APPROPRIATION.—Section 
2001(c) of division Z of the Consolidated Appropriations 
Act, 2021 (Public Law 116–260) is amended to read as 
follows: 
‘‘(c) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Secretary to carry 
out research, development, demonstration, and transpor-
tation activities in this section $350,000,000 for each of 
fiscal years 2022 through 2031.’’. 
SEC. 306. AUTHORIZATION OF APPROPRIATIONS FOR LOAN 
GUARANTEES FOR ADVANCED NUCLEAR FA-
CILITIES. 
Section 1704 of the Energy Policy Act of 2005 (42 
U.S.C. 16514) is amended by adding at the end the fol-
lowing: 
‘‘(c) ADVANCED NUCLEAR ENERGY FACILITIES.— 
There are authorized to be appropriated to the Secretary 
to 
make 
guarantees 
under 
section 
1703(b)(4) 
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110 
$10,000,000,000 for each of fiscal years 2022 through 
2031, to remain available until expended.’’. 
SEC. 307. EXPANDING THE PRODUCTION TAX CREDIT FOR 
NUCLEAR POWER. 
(a) IN GENERAL.—Section 45J of the Internal Rev-
enue Code of 1986 is amended— 
(1) in subsection (a)(1), by striking ‘‘1.8 cents’’ 
and inserting ‘‘2.7 cents’’; and 
(2) in subsection (b)(5)(B)(i), by striking 
‘‘6,000 
megawatts’’ 
and 
inserting 
‘‘15,000 
megawatts’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
TITLE IV—CLEAN ELECTRICITY 
STANDARD 
SEC. 401. CERTIFICATION OF COST-EFFECTIVE MARKET 
PENETRATION 
OF 
CLEAN 
ELECTRICITY 
TECHNOLOGIES. 
(a) IN GENERAL.—Title VI of the Public Utility Reg-
ulatory Policies Act of 1978 (16 U.S.C. 2601 et seq.) is 
amended by adding at the end the following: 
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‘‘SEC. 610. FEDERAL DECARBONIZATION AND INNOVATION 
ASSESSMENT PROGRAM. 
‘‘(a) IN GENERAL.—Not later than 2 years after the 
date of enactment of this section, the Secretary, after con-
sultation with the Administrator of the Environmental 
Protection Agency, shall establish a program, to be known 
as the ‘Federal Decarbonization and Innovation Assess-
ment Program’, to annually review and monitor progress 
towards— 
‘‘(1) an 80 percent reduction in the amount of 
carbon dioxide emitted by electricity generators, rel-
ative to the amount of such emissions on the date 
of enactment of this section, by 2050; and 
‘‘(2) cost-effective market penetration of eligible 
technologies, as determined by the Secretary under 
subsection (b). 
‘‘(b) COST-EFFECTIVE MARKET PENETRATION.— 
The Secretary shall determine that eligible technologies 
have achieved cost-effective market penetration if— 
‘‘(1) at least 3 gigawatts of new electricity gen-
erating capacity using any type of eligible technology 
has come into commercial operation since the date 
of enactment of this section, provided that— 
‘‘(A) less than 50 percent of the capital 
costs of such new electricity generating capacity 
has been subsidized with Federal funds; and 
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‘‘(B) at least 1 gigawatt of such capacity 
is coal-fired electricity generating capacity that 
is equipped with carbon capture utilization and 
storage technology, from which at least 90 per-
cent of the carbon dioxide output is captured 
and utilized or stored in a manner that pre-
vents emission to the atmosphere; and 
‘‘(2) at least one type of eligible technology— 
‘‘(A) has similar operating characteristics 
as fossil-fueled electricity generation technology, 
such as dispatchability upon demand; and 
‘‘(B) based on data provided by the En-
ergy Information Administration, has a total 
cost of electricity generation that is not more 
than 10 percent higher than the average total 
cost of electricity generation from fossil-fueled 
electricity generators that were constructed not 
earlier than 5 years prior to the date of enact-
ment of this section. 
‘‘(c) CERTIFICATION OF COST-EFFECTIVE MARKET 
PENETRATION.—Upon making the determination de-
scribed under subsection (b), but no earlier than the date 
that is 5 years after the date of enactment of this section, 
the Secretary shall certify that cost-effective market pene-
tration of eligible technology has occurred. 
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