This Act may be cited as the “Advanced Reactor Fee Reduction Act”.

(a) Definitions.—Section 3 of the Nuclear Energy Innovation and Modernization Act (42 U.S.C. 2215 note; Public Law 115–439) is amended—

(1) by redesignating paragraphs (2) through (15) as paragraphs (3), (5), (7), (8), (9), (10), (11), (14), (15), (16), (17), (18), (19), and (20), respectively;

(2) by inserting after paragraph (1) the following:

“(2) ADVANCED NUCLEAR REACTOR APPLICANT.—The term ‘advanced nuclear reactor applicant’ means an entity that has submitted to the Commission an application for a license for an advanced nuclear reactor under the Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.).”;

(3) by inserting after paragraph (3) (as so redesignated) the following:

“(4) ADVANCED NUCLEAR REACTOR PREAPPLICANT.—The term ‘advanced nuclear reactor preapplicant’ means an entity that has submitted to the Commission a licensing project plan for the purposes of submitting a future application for a license for an advanced nuclear reactor under the Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.).”.

(4) by inserting after paragraph (5) (as so redesignated) the following:

“(6) AGENCY SUPPORT.—The term ‘agency support’ has the meaning given the term ‘agency support (corporate support and the IG)’ in section 170.3 of title 10, Code of Federal Regulations (or any successor regulation).”; and

(5) by inserting after paragraph (11) (as so redesignated) the following:

“(12) MISSION-DIRECT PROGRAM SALARIES AND BENEFITS.—The term ‘mission-direct program salaries and benefits’ has the meaning given such term in section 170.3 of title 10, Code of Federal Regulations (or any successor regulation).

“(13) MISSION-INDIRECT PROGRAM SUPPORT.—The term ‘mission-indirect program support’ has the meaning given such term in section 170.3 of title 10, Code of Federal Regulations (or any successor regulation).”.

(b) Excluded activities.—Section 102(b)(1)(B) of the Nuclear Energy Innovation and Modernization Act (42 U.S.C. 2215(b)(1)(B)) is amended by adding at the end the following:

“(iv) The total costs of mission-indirect program support and agency support that, under paragraph (2)(B)(ii), may not be included in the professional hourly rate charged for fees assessed and collected from advanced nuclear reactor applicants.

“(v) The total costs of mission-indirect program support and agency support that, under paragraph (2)(C)(ii), may not be included in the professional hourly rate charged for fees assessed and collected from advanced nuclear reactor preapplicants.”.

(c) Fees for service or thing of value.—Section 102(b) of the Nuclear Energy Innovation and Modernization Act (42 U.S.C. 2215(b)) is amended by striking paragraph (2) and inserting the following:

“(2) FEES FOR SERVICE OR THING OF VALUE.—

“(A) IN GENERAL.—In accordance with section 9701 of title 31, United States Code, the Commission shall assess and collect fees from any person who receives a service or thing of value from the Commission to cover the costs to the Commission of providing the service or thing of value.

“(B) ADVANCED NUCLEAR REACTOR APPLICANTS.—The professional hourly rate charged for fees assessed and collected from an advanced nuclear reactor applicant under this paragraph relating to the review of a submitted application for an advanced nuclear reactor may not—

“(i) exceed the professional hourly rate for mission-direct program salaries and benefits of the Nuclear Reactor Safety Program; and

“(ii) include the costs of mission-indirect program support and agency support.

“(C) ADVANCED NUCLEAR REACTOR PREAPPLICANTS.—The professional hourly rate charged for fees assessed and collected from an advanced nuclear reactor preapplicant under this paragraph relating to the review of submitted materials as described in the licensing project plan of such advanced nuclear reactor preapplicant may not—

“(i) exceed the professional hourly rate for mission-direct program salaries and benefits of the Nuclear Reactor Safety Program; and

“(ii) include the costs of mission-indirect program support and agency support.

“(D) CALCULATION OF HOURLY RATE.—In this paragraph, the professional hourly rate for mission-direct program salaries and benefits of the Nuclear Reactor Safety Program equals the quotient obtained by dividing—

“(i) the full-time equivalent rate (within the meaning of the document of the Commission entitled ‘FY 2023 Final Fee Rule Work Papers’ (or a successor document)) for mission-direct program salaries and benefits of the Nuclear Reactor Safety Program (as determined by the Commission) for a fiscal year; by

“(ii) the productive hours assumption for that fiscal year, determined in accordance with the formula established in the document referred to in clause (i) (or a successor document).”.

(d) Sunset.—Section 102 of the Nuclear Energy Innovation and Modernization Act (42 U.S.C. 2215) is amended by adding at the end the following:

“(g) Cessation of effectiveness.—Paragraphs (1)(B)(v) and (2)(C) of subsection (b) shall cease to be effective on September 30, 2029.”.

(e) Effective date.—The amendments made by this section shall take effect on October 1, 2024.