NIA: Repeal restriction on foreign ownership, control, domination of U.S. reactors

August 10, 2020, 10:22AMAround the Web

A new report from the Nuclear Innovation Alliance, U.S. Nuclear Innovation in a Global Economy: Updating an Outdated National Security Framework, argues for the repeal of the Atomic Energy Act’s restriction on foreign ownership, control, or domination of nuclear reactors—the so-called FOCD provision.

Under this early Cold War–era provision, the report explains, the Nuclear Regulatory Commission is unable to issue reactor licenses or transfer existing licenses to applicants that are subject to FOCD, regardless of their country of origin.

According to the NIA, “Without congressional action, the FOCD provision will inhibit investment in U.S. advanced reactor innovation, which needs significant financial participation to move from the drawing board to the field. As applied by the NRC, this outdated provision of the AEA creates significant investment uncertainty.”

The 17-page report, authored by Amy Roma, Sachin Desai, and Alex Gilbert, can be downloaded here.


Related Articles

U.K. to add 40k nuclear workers

April 1, 2024, 3:00PMNuclear News

Rishi Sunak, U.K. prime minister, announced plans this week to boost Britain’s nuclear workforce by 40,000 to support submarine building and developing other aspects of the nuclear energy...

Buyers Guide celebrates 55 years

March 15, 2024, 7:00AMNuclear News

The newest edition of the Nuclear News Buyers Guide will be out soon, marking the 55th year of the most comprehensive goods and services publication in the nuclear industry. The American...

2024: The State of Advanced Reactors

January 19, 2024, 3:07PMNuclear NewsMatt Wald

Designs for high-tech products, and the start-ups that offer them, will always outnumber the commercial successes. Ditto: many more power plants are proposed than actually get built, no matter...