Dry storage of used nuclear fuel is likely to continue for several decades due to the lack of a permanent repository. The Electric Power Research Institute (EPRI) conducted a Failure Modes and Effects Analysis (FMEA) in order to identify degradation mechanisms that are relevant to Dry Cask Storage Systems (DCSSs) which store used fuel within a welded stainless steel canister housed inside a vented concrete cask. Chloride-Induced Stress Corrosion Cracking (CISCC) was identified as the potential degradation mechanism that would be most likely to challenge the confinement function of these canisters. This paper describes research efforts aimed at identifying canisters with CISCC prior to loss of confinement and understanding the consequences should such a loss occur. Key areas of research include development of aging management guidance with recommendations for the scope, frequency, and coverage for canister inspections, demonstration of non-destructive evaluation capabilities, and evaluation of the potential consequences in terms of dose to site personnel and the general public should cracking develop and grow through a canister wall.