,,ii  #aah? ,,congress  #b;d ,session   
,s4 #edba  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #d1 #bjbd,mr4 
,ris* introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to provide enhanc$ 
provisions = advanc$ nucle> en]gy       
projects receiv+ loan gu>antees ?r\gh ! 
,dep>tm5t ( ,en]gy1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,accel]at+ ,reliable ,capacity ,act ( 
#bjbd or ! ,,arc ,act ( #bjbd4  #b4 ,new
 ,nucle> ,inve/m5t ,accel]ator ,program 
7a7 ,purpose ,! purpose ( ?is section is
 to increase co/ c]ta9ty =              
capital-int5sive projects = :i* a       
gu>antee is provid$ "u section #agjc or 
#agjf ( ! ,en]gy ,policy ,act ( #bjje   
7#db ,u4,s4,c4 #afeac1 #afeag74  7b7    
,def9itions ,9 ?is section3 7#a7 ,acc\nt
 ,! t]m acc\nt means ! ,new ,nucle>     
,inve/m5t ,accel]ator ,program ,acc\nt  
e/abli%$ by subsection 7c77#a74  7#b7   
,advanc$ nucle> en]gy project ,! t]m    
advanc$ nucle> en]gy project means a    

project = #a or m advanc$ nucle>        
reactors 7z def9$ 9 section #iea7;b7 ( !
 ,en]gy ,policy ,act ( #bjje 7#db       
,u4,s4,c4 #afbga7;b7774  7#c7 ,class #b 
e/imate ,! t]m ,class #b e/imate means  
an e/imate ( ! co/ ( a qualify+ project 
t is prep>$ 9 accordance ) !            
indu/ry-specific co/ e/imate /&>ds =    
nucle> p[] indu/ries describ$ 9         
,recomm5d$ ,practice #aae,r-#ba ( !     
,association = ! ,advancem5t ( ,co/     
,eng9e]+ entitl$ ,co/ ,e/imate          
,classification ,sy/em--,z ,appli$ 9    
,eng9e]+1 ,procurem5t1 & ,con/ruction = 
! ,nucle> ,p[] ,indu/ries 7or a         
successor docum5t74  7#d7 ,director ,!  
t]m ,director means ! ,director ( !     
,loan ,programs ,(fice4  7#e7 ,expect$  
paym5t am\nt ,! t]m expect$ paym5t am\nt
 means ! am\nt t ! ,director expects to 
pay to ! ,f$]al ,f9anc+ ,bank "u        
subsection 7d77#b77;,b7 :5 a qualify+   
project is plac$ 9 s]vice4  7#f7        
,gu>antee ,! t]m gu>antee has ! mean+   
giv5 ! t]m 9 section #agja ( ! ,en]gy   

,policy ,act ( #bjje 7#db ,u4,s4,c4     
#afeaa74  7#g7 ,loan ,programs ,(fice ,!
 t]m ,loan ,programs ,(fice means !     
,loan ,programs ,(fice ( ! ,dep>tm5t (  
,en]gy4  7#h7 ,ov]run ,! t]m ov]run1 )  
respect to ! co/s ( a qualify+ project1 
means any co/s 9 excess ( ! po9t base   
e/imate ( ! ,class #b e/imate approv$ z 
describ$ 9 p>agraph 7#aa77;,c77iv74     
7#i7 ,po9t base e/imate ,! t]m po9t base
 e/imate1 ) respect to a ,class #b      
e/imate1 means ! value ( ! ,class #b    
e/imate )\t adju/m5t = ! accuracy range 
or cont+5cy4  7#aj7 ,project deliv]y    
plan ,! t]m project deliv]y plan means a
 project plan t includes-- 7,a7 a       
project execution plan 7z def9$ 9       
,recomm5d$ ,practice #aj,s-#ij ( !      
,association = ! ,advancem5t ( ,co/     
,eng9e]+ entitl$ ,co/ ,eng9e]+          
,t]m9ology 7or a successor docum5t772   
7,b7 a contract risk allocation /rategy 
t-- 7i7 aligns co/ & risk inc5tives     
among all contract$ /akehold]s2 &  7ii7 
foll[s-- 7,i7 ! be/ practices describ$ 9

 ,recomm5d$ ,practice #fg,r-#aa ( !     
,association = ! ,advancem5t ( ,co/     
,eng9e]+ entitl$ ,contract ,risk        
,allocation--,z ,appli$ 9 ,eng9e]+1     
,procurem5t1 & ,con/ruction 7or a       
successor docum5t72 or  7,,ii7 o!r      
appropriate indu/ry be/ practices1 z    
det]m9$ by ! ,secret>y2 &  7,c7 a plan =
 ! division ( responsibility betwe5     
contract$ /akehold]s t describes roles &
 responsibilities = execution ( t       
project plan4  7#aa7 ,qualify+ project  
,! t]m qualify+ project means an advanc$
 nucle> en]gy project-- 7,a7 t is       
reasonably expect$ to be con/ruct$ on "t
 & on budget2  7,b7 t has an expect$ co/
 equal to or great] ?an #b1ejj1jjj1jjj1 
accord+ to ! ,class #b e/imate = t      
advanc$ nucle> en]gy project2 &  7,c7 ) 
respect to :i*-- 7i7 ! loan am\nt       
expect$ to be gu>ante$ "u section #agjc 
or #agjf ( ! ,en]gy ,policy ,act ( #bjje
 7#db ,u4,s4,c4 #afeac1 #afeag7 is--    
7,i7 loan$ ?r\gh ! ,f$]al ,f9anc+ ,bank2
 &  7,,ii7 equal to or great] ?an       

#b1jjj1jjj1jjj2  7ii7 ! borr[] ( t      
am\nt-- 7,i7 has e/abli%$ & submitt$ to 
! ,director a project deliv]y plan2     
7,,ii7 has e/abli%$ & submitt$ to !     
,secret>y-- 7aa7 a ,class #b e/imate )--
 7,,aa7 basis ( e/imate docum5tation = t
 ,class #b e/imate2 & 7,,bb7 a qualify+ 
project co/ risk analysis2  7bb7 a      
res\rce-load$ integrat$ project s*$ule  
)-- 7,,aa7 basis ( e/imate docum5tation 
= t res\rce-load$ integrat$ project     
s*$ule2 & 7,,bb7 a qualify+ project     
s*$ule risk analysis2 &  7cc7 a labor   
survey analysis report )-- 7,,aa7 basis 
( e/imate docum5tation = t labor survey 
analysis report2 & 7,,bb7 a labor risk  
analysis2 &  7,,iii7 has e/abli%$       
proc$ures ) ! ,secret>y to ensure       
enhanc$ project ov]sight1 includ+-- 7aa7
 a roll+ =eca/ t-- 7,,aa7 updates !     
res\rce-load$ integrat$ project s*$ule n
 less frequ5tly ?an annually1 9 alignm5t
 ) ! approv$ *anges 9 ! applicable *ange
 managem5t program2 & 7,,bb7 includes a 
new qualify+ project s*$ule risk        

analysis to mat* ! mo/ rec5t update2 &  
7bb7 a qu>t]ly meet+ betwe5 ! ,secret>y1
 ! ,director1 & s5ior-level             
repres5tatives ( all contract$          
/akehold]s 9 ! project to review        
progress &1 if necess>y1 decide         
corrective actions & responsibilities = 
implem5tation2  7iii7 ! ,director has   
approv$ ! project deliv]y plan submitt$ 
"u clause 7ii77,i7 prior to f9ancial    
close2 &  7iv7 ! ,secret>y has approv$ !
 project plann+ docum5ts submitt$ "u    
clause 7ii77,,ii7 prior to f9ancial     
close4  7#ab7 ,qualify+ project co/ risk
 analysis ,! t]m qualify+ project co/   
risk analysis means a co/ risk analysis 
t foll[s-- 7,a7 ! be/ practices describ$
 9 ! docum5t ( ! ,gov]nm5t              
,acc\ntability ,(fice entitl$ ,co/      
,e/imat+ & ,assessm5t ,guide3 ,be/      
,practices = ,develop+ & ,manag+        
,program ,co/s1 numb]$ ,,gao-#bj-aie;,g1
 & dat$ ,m>* #bjbj 7or a successor      
docum5t72 or  7,b7 o!r appropriate      
indu/ry be/ practices1 z det]m9$ by !   

,secret>y4  7#ac7 ,qualify+ project     
s*$ule risk analysis ,! t]m qualify+    
project s*$ule risk analysis means a    
s*$ule risk analysis t foll[s-- 7,a7 !  
docum5t ( ! ,gov]nm5t ,acc\ntability    
,(fice entitl$ ,s*$ule ,assessm5t       
,guide3 ,be/ ,practices = ,project      
,s*$ules1 numb]$ ,,gao-#af-hi;,g1 & dat$
 ,decemb] #bjae 7or a successor         
docum5t72 or  7,b7 o!r appropriate      
indu/ry be/ practices1 z det]m9$ by !   
,secret>y4  7#ad7 ,res\rce-load$        
integrat$ project s*$ule ,! t]m         
res\rce-load$ integrat$ project s*$ule  
means an approv$ s*$ule t foll[s-- 7,a7 
! be/ practices describ$ 9 ! docum5t ( !
 ,gov]nm5t ,acc\ntability ,(fice entitl$
 ,s*$ule ,assessm5t ,guide3 ,be/        
,practices = ,project ,s*$ules1 numb]$  
,,gao-#af-hi;,g1 & dat$ ,decemb] #bjae  
7or a successor docum5t72 or  7,b7 o!r  
appropriate indu/ry be/ practices1 z    
det]m9$ by ! ,secret>y4  7#ae7 ,roll+   
=eca/ ,! t]m roll+ =eca/ means a process
 = regul>ly updat+ a res\rce-load$      

integrat$ project s*$ule4  7#af7        
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,en]gy1 act+ ?r\gh !        
,director ( ! ,(fice ( ,clean ,en]gy    
,demon/rations ( ! ,dep>tm5t ( ,en]gy4  
7c7 ,new ,nucle> ,inve/m5t ,accel]ator  
,program ,acc\nt  7#a7 ,e/abli%m5t ,!re 
is e/abli%$ 9 ! ,loan ,programs ,(fice  
an acc\nt1 to be kn[n z ! ,new ,nucle>  
,inve/m5t ,accel]ator ,program ,acc\nt4 
7#b7 ,managem5t ,! acc\nt %all be manag$
 by ! ,director4  7#c7 ,initial f9anc+  
,! foll[+ am\nts %all be transf]r$ to ! 
acc\nt on ! date ( enactm5t ( ?is ,act3 
7,a7 ,( ! unobligat$ balances ( am\nts  
previ\sly made available "u ! head+     
,nucle> ,en]gy "u ! head+ ,en]gy        
,programs "u ! head+ ,dep>tm5t ( ,en]gy 
9 division ,j ( ! ,infra/ructure        
,inve/m5t & ,jobs ,act 7,public ,law    
#aag-eh2 #ace ,/at4 #acgc71             
#a1ajj1jjj1jjj4  7,b7 ,( ! unobligat$   
balance ( am\nts previ\sly made         
available "u section #ejadd7;a7 (       
,public ,law #aag-afi 7#acf ,/at4       

#bjdd71 #b1ejj1jjj1jjj4  7#d7           
,availability ( am\nts ,am\nts transf]r$
 to ! acc\nt "u p>agraph 7#c7 or o!rwise
 deposit$ 9 ! acc\nt %all rema9         
available until exp5d$4  7#e7 ,use (    
am\nts ,! ,director may use am\nts 9 !  
acc\nt to make paym5ts pursuant to      
subsection 7d77#b77;,b74  7#f7          
,obligation ( am\nts ,am\nts 9 ! acc\nt 
%all be-- 7,a7 cont+5tly obligat$ to a  
borr[] on ! approval by ! ,secret>y ( a 
conditional commitm5t t includes        
satisfaction ( ! requirem5ts = a        
qualify+ project "u ?is section z a     
condition ( f9ancial close1 subject to !
 conditions t-- 7i7 ! borr[] %all be    
consid]$ curr5t s long z ! borr[]       
cont9ues to make progress 9 good fai?   
t[>d satisfy+ ! requirem5ts agre$ ^u 9 !
 conditional commitm5t1 z det]m9$ by !  
,secret>y2 &  7ii7 if ! ,secret>y       
det]m9es t ! borr[] is n mak+ progress 9
 good fai? z describ$ 9 clause 7i71 !   
cont+5tly obligat$ am\nts %all be made  
available to o!r borr[]s2 &  7,b7       

obligat$ to ! applicable borr[] at      
f9ancial close4  7#g7 ,obligation &     
exp5diture ,! obligation ( am\nts 9 !   
acc\nt %all n be consid]$ to be an      
exp5diture ( ^? am\nts unless ! am\nts  
are disburs$ pursuant to subsection     
7d77#b77;,b74  7d7 ,ov]run liability    
7#a7 ,borr[] liability = initial co/    
ov]runs ,) respect to a qualify+ project
 = :i* a gu>antee is provid$ "u section 
#agjc or #agjf ( ! ,en]gy ,policy ,act (
 #bjje 7#db ,u4,s4,c4 #afeac1 #afeag71 !
 borr[] on ! gu>ante$ loan %all be      
responsible = all ov]runs until !       
cumulative exp5ses ( ! qualify+ project 
exce$ #abj p]c5t ( ! po9t base e/imate (
 ! ,class #b e/imate4  7#b7 ,paym5t by !
 ,director  7,a7 ,expect$ paym5t am\nt  
,) respect to a qualify+ project = :i* a
 gu>antee is provid$ "u section #agjc or
 #agjf ( ! ,en]gy ,policy ,act ( #bjje  
7#db ,u4,s4,c4 #afeac1 #afeag71 !       
,director %all update ! expect$ paym5t  
am\nt qu>t]ly1 subject to ! conditions  
t-- 7i7 cumulative exp5ses ( ! qualify+ 

project h exce$$ #abj p]c5t ( ! po9t    
base e/imate ( ! ,class #b e/imate2     
7ii7 ! qu>t]ly increase to ! expect$    
paym5t am\nt does n exce$ #ej p]c5t (   
total exp5ses 9 t qu>t] = ! qualify+    
project2  7iii7 ! updat$ expect$ paym5t 
am\nt does n exce$ ! maximum paym5t     
am\nt describ$ 9 subp>agraph 7,b77ii72  
7iv7 ! applicable gu>ante$ loan is n 9  
default2  7v7 ! prospect ( increas+ !   
paym5t am\nt does n inc5tivize          
unnecess>y sp5d+2 &  7vi7 any increases 
to ! paym5t am\nt are made 9 accordance 
) good gov]nance pr9ciples4  7,b7       
,paym5t  7i7 ,9 g5]al ,:5 a qualify+    
project is plac$ 9 s]vice1 ! ,director  
%all-- 7,i7 det]m9e ! f9al paym5t am\nt 
bas$ on-- 7aa7 ! expect$ paym5t am\nt   
det]m9$ "u subp>agraph 7,a72 &  7bb7 any
 additional cumulative exp5ses ( !      
applicable qualify+ project1 det]m9$ 9  
accordance ) t subp>agraph2 &  7,,ii7   
pay t f9al paym5t am\nt to ! ,f$]al     
,f9anc+ ,bank 7z ! l5d] ( ! applicable  
gu>ante$ loan7 f ! acc\nt4  7ii7        

,maximum paym5t am\nt ,! maximum paym5t 
am\nt "u ?is subp>agraph = any #a       
qualify+ project may n exce$            
#a1bjj1jjj1jjj4  7iii7 ,application (   
paym5t ,a paym5t "u ?is subp>agraph %all
 be appli$ to ! pr9cipal am\nt ( !      
applicable gu>ante$ loan4  7iv7         
,requirem5t ,! ,director may make a     
paym5t "u ?is subp>agraph only if !     
applicable gu>ante$ loan is n 9 default4
  7,c7 ,tax treatm5t ( paym5ts ,=       
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf-- 7i7 no am\nt %all be includ$ 9 !
 gross income ( ! borr[] describ$ 9     
p>agraph 7#a7 by reason ( any paym5t "u 
subp>agraph 7,b71 &  7ii7 9 ! case ( any
 su* borr[] t is a p>tn]%ip or ,s       
corporation1 any am\nt exclud$ f income 
by reason ( clause 7i7 %all be treat$ z 
tax exempt income = purposes ( section  
#gje & #acff ( ! ,int]nal ,rev5ue ,code 
( #aihf4  7e7 ,enhanc$ f9anc+ t]ms =    
qualify+ projects  7#a7 ,9 g5]al        
,not)/&+ title ,,xvii ( ! ,en]gy ,policy
 ,act ( #bjje 7#db ,u4,s4,c4 #afeaa et  

seq47 or any o!r provision ( law1 !     
,director %all (f] ! enhanc$ f9anc+ t]ms
 describ$ 9 p>agraph 7#b7 = a gu>antee  
provid$ "u section #agjc or #agjf ( t   
,act 7#db ,u4,s4,c4 #afeac1 #afeag7 )   
respect to a qualify+ project4  7#b7    
,enhanc$ f9anc+ t]ms describ$ ,! enhanc$
 f9anc+ t]ms ref]r$ to 9 p>agraph 7#a7  
are ! foll[+3 7,a7 ,not)/&+ section     
#agjb7;c7 ( ! ,en]gy ,policy ,act (     
#bjje 7#db ,u4,s4,c4 #afeab7;c771 a     
gu>antee may be an am\nt up to #bjj     
p]c5t ( ! po9t base e/imate ( ! ,class  
#b e/imate approv$ z describ$ 9         
subsection 7a77#aj77;,c77iv7 = !        
qualify+ project t is ! subject ( !     
gu>antee4  7,b7 ,! ,director %all seek a
 commitm5t f ! ,f$]al ,f9anc+ ,bank 7z  
l5d] ( a gu>ante$ loan7 to am5d or      
re/ructure1 if appropriate1 ! applicable
 gu>ante$ loan to reflect ! revis$      
pr9cipal am\nt aft] paym5t "u subsection
 7d77#b77;,b74  7#c7 ,inve/m5t tax cr$it
  7,a7 ,public utility prop]ty ,section 
#ej7;d77#b7 ( ! ,int]nal ,rev5ue ,code (

 #aihf is am5d$-- 7i7 by r$esignat+     
subp>agraphs 7,a71 7,b71 & 7,c7 z       
clauses 7i71 7ii71 & 7ii71 respectively1
 & by mov+ su* clauses #b ems to ! "r1  
7ii7 by /rik+ ,section #df7;f7 & ins]t+ 
! foll[+3  7,a7 ,section #df7;f7  1     
7iii7 by /rik+ ,at ! election ( !       
taxpay] & ins]t+ ! foll[+3  7,b7 ,at !  
election ( ! taxpay]  1  7iv7 by /rik+  
election "u ?is p>agraph ea* place x    
appe>s & ins]t+ election "u ?is         
subp>agraph1 &  7v7 by add+ at ! end !  
foll[+ new subp>agraph3  7,c7 ,at !     
election ( ! taxpay]1 ?is p>agraph %all 
n apply to any qualifi$ project 7z def9$
 9 section #b7;b7 ( ! ,,arc ,act (      
#bjbd74 ,rules simil> to ! rules (      
clauses 7i7 & 7ii7 ( subp>agraph 7,b7   
%all apply = purposes ( an election "u  
?is subp>agraph4  4  7,b7 ,effective    
date ,! am5dm5ts made by ?is p>agraph   
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4  7f7     
,submission ( meet+ m9utes to ,congress 
,n lat] ?an #g days aft] ea* qu>t]ly    

meet+ describ$ 9 subsection             
7b77#aa77;,b77ii77,,iii77bb71 ! meet+   
m9utes1 :i* h be5 approv$ by ! contract$
 /akehold]s 9 ! applicable qualify+     
project1 %all be submitt$ by ! ,secret>y
 to-- 7#a7 ! ,committee on ,en]gy &     
,natural ,res\rces & ! ,committee on    
,appropriations ( ! ,s5ate2 &  7#b7 !   
,committee on ,en]gy & ,comm]ce & !     
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives4  #c4 ,o!r relat$     
provisions  7a7 ,exception to d5ial (   
d\ble b5efit provision = c]ta9 utilities
 & milit>y in/allations ,section        
#ejada7;d77#c7 ( ,public ,law #aag-afi  
7#acf ,/at4 #bjdc7 is am5d$-- 7#a7 9    
subp>agraph 7,c71 by /rik+ or at ! end2 
7#b7 9 subp>agraph 7,d71 by /rik+ !     
p]iod at ! end & ins]t+ 2 or2 &  7#c7 by
 add+ at ! end ! foll[+3  7,e7 projects 
p>tn]+ )-- 7i7 a ,f$]al p[] m>ket+      
adm9i/ration or ! ,t5nessee ,valley     
,au?ority2  7ii7 an entity t procures   
en]gy = a milit>y in/allation 7z def9$ 9
 section #bhja7;c7 ( title #aj1 ,unit$  

,/ates ,code7 t is manag$ by ! ,secret>y
 ( ,def5se or a contractor ( ! ,secret>y
 ( ,def5se2 or  7iii7 ! ,g5]al ,s]vices 
,adm9i/ration = ! purpose ( en]gy       
procurem5t4  4  7b7 ,all[+ ,gov]nm5t    
facilities z br[nfield sites ,section   
#de7;b77#aa77;,b77i7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
7,b71 & & ins]t+ 7,b7 7exclud+ clauses  
7ii7 & 7vii71 & clause 7i7 to ! ext5t t 
clause 7i7 applies to a facility        
describ$ 9 clause 7ii7 or 7vii71 ( t    
subp>agraph71 &4