,,ii  #aai? ,,congress  #b;d ,session   
,s4 #chad  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #aj1 #bjbf,mr4
 ,ris* 7= himself & ,mr4 ,gallego7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,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 ( #bjbf or !   
,,arc ,act ( #bjbf4  #b4 ,accel]at+     
,reliable ,capacity ,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 ! ,accel]at+ ,reliable ,capacity  
,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> reactors4  7#c7 ,advanc$ 
nucle> reactor ,! t]m advanc$ nucle>    
reactor has ! mean+ giv5 ! t]m 9 section
 #iea7;b7 ( ! ,en]gy ,policy ,act (     
#bjje 7#db ,u4,s4,c4 #afbga7;b771 except
 t1 = purposes ( ?is section1 ! ref]5ce 
to reactors op]at+ on ! date ( enactm5t 
( ! ,en]gy ,act ( #bjbj 9 p>agraph      
7#a77;,a7 ( t section %all be deem$ to  
read reactors op]at+ 9 ! ,unit$ ,/ates  
on ! date ( enactm5t ( ! ,en]gy ,act (  
#bjbj 7,public ,law #aaf-bfj2 #acd ,/at4
 #bdah74  7#d7 ,class #b e/imate ,! t]m 
,class #b e/imate means an e/imate ( !  
co/ ( a qualify+ project t is prep>$ 9  
accordance ) ,recomm5d$ ,practice ,no4  
#ah,r-#ig 9 ! docum5t ( ! ,association (
 ,co/ ,eng9e]+ entitl$ ,co/ ,e/imate    
,classification ,sy/em 7or a successor  
docum5t74  7#e7 ,director ,! t]m        
,director means ! ,director ( ! ,loan   
,programs ,(fice4  7#f7 ,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#g7 ,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#h7     
,loan ,programs ,(fice ,! t]m ,loan     
,programs ,(fice means ! ,loan ,programs
 ,(fice ( ! ,dep>tm5t ( ,en]gy4  7#i7   
,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#ab77;,c77iv74  7#aj7 ,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#aa7 ,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#ab7 ,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 budget1 z det]m9$ by ! ,secret>y2 
7,b7 t is-- 7i7 det]m9$ by ! ,secret>y  
to be reasonably capital-int5sive2 &    
7ii7 connect$ to ! electric p[] grid2 & 
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$]al ,f9anc+  
,bank2 &  7,,ii7 equal to or great] ?an 
! am\nt t is twice ! am\nt ( funds      
obligat$ to ! qualify+ project "u ?is   
section2  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*$ule risk        
analysis to mat* ! mo/ rec5t update2 &  
7bb7 a meet+ betwe5 ! ,secret>y1 !      
,director1 & s5ior-level repres5tatives 
( all contract$ /akehold]s 9 ! project  
to review progress &1 if necess>y1      
decide corrective actions &             
responsibilities = implem5tation1 to be 
held on a qu>t]ly basis until ! date on 
:i* con/ruction has conclud$2  7iii7 !  
,director has approv$ ! 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#ac7 ,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#ad7 ,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#ae7 ,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#af7 ,roll+   
=eca/ ,! t]m roll+ =eca/ means a process
 = regul>ly updat+ a res\rce-load$      
integrat$ project s*$ule4  7#ag7        
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,en]gy4  7c7 ,accel]at+     
,reliable ,capacity ,program ,acc\nt    
7#a7 ,e/abli%m5t ,!re is e/abli%$ 9 !   
,loan ,programs ,(fice an acc\nt1 to be 
kn[n z ! ,accel]at+ ,reliable ,capacity 
,program ,acc\nt4  7#b7 ,managem5t ,!   
acc\nt %all be manag$ by ! ,director4   
7#c7 ,use ( am\nts ,! ,director may use 
am\nts 9 ! acc\nt to make paym5ts       
pursuant to subsection 7d77#b77;,b74    
7#d7 ,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 t[>d satisfy+ 
! conditions requir$ = f9ancial close & 
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#e7 ,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    
7#f7 ,fund+  7,a7 ,au?orization (       
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,secret>y              
#c1fjj1jjj1jjj = deposit into ! acc\nt4 
7,b7 ,availability ( am\nts ,am\nts     
deposit$ 9 ! acc\nt "u subp>agraph 7,a7 

or o!rwise %all rema9 available until   
exp5d$4  7d7 ,ov]run liability  7#a7    
,borr[] liability = initial co/ ov]runs 
,) respect to a qualify+ project = :i* a
 gu>antee is provid$ "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$ ! less] (-- 7,i7 #cj p]c5t (
 ! po9t base e/imate2 &  7,,ii7         
#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
  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 7b77#ab77;,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  7f7 ,qu>t]ly            
notification & brief+ ,n lat] ?an #g    
days aft] ea* qu>t]ly meet+ describ$ 9  
subsection 7b77#ab77;,c77ii77,,iii77bb71
 ! ,secret>y %all submit to ! ,committee
 on ,en]gy & ,natural ,res\rces & !     
,committee on ,appropriations ( ! ,s5ate
 & ! ,committee on ,en]gy & ,comm]ce & !
 ,committee on ,appropriations ( ! ,h\se
 ( ,repres5tatives a notification       
describ+ ! results ( t meet+4  7g7      
,work+ ,gr\p  7#a7 ,e/abli%m5t ,!       
,secret>y %all e/abli% a work+ gr\p1 to 
be kn[n z ! ,accel]at+ ,reliable        
,capacity ,work+ ,gr\p 7ref]r$ to 9 ?is 
subsection z ! ,work+ ,gr\p71 to advise 
! ,secret>y 9 ! te*nical1 f9ancial1 &   
programmatic aspects ( ! program        
e/abli%$ "u ?is section1 includ+ provid+

 advice ) respect to-- 7,a7 develop+    
/&>ds = project deliv]y plans2  7,b7    
proc$ures = ! enhanc$ project ov]sight  
describ$ 9 subsection                   
7b77#ab77;,c77ii77,,iii72 &  7,c7       
indu/ry be/ practices4  7#b7 ,memb]%ip  
,memb]s ( ! ,work+ ,gr\p %all be appo9t$
 by ! ,secret>y1 b %all include-- 7,a7  
repres5tatives (-- 7i7 private sector   
advanc$ nucle> reactor te*nology        
develop]s2 &  7ii7 ! ,f$]al ,f9anc+     
,bank or ano!r ,f$]al l5d+ program2     
7,b7 indep5d5t te*nical exp]ts 9 nucle> 
en]gy1 eng9e]+1 or project managem5t2 & 
7,c7 repres5tatives ( any o!r entity t !
 ,secret>y det]m9es appropriate4  #c4   
,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+
 a semicolon2 &  7#c7 by add+ at ! end !
 foll[+3  7,e7 projects p>tn]+ )1       

includ+ projects own$ by or "u ! control
 (1 a ,f$]al p[] m>ket+ adm9i/ration or 
! ,t5nessee ,valley ,au?ority2  7,f7    
projects p>tn]+ )-- 7i7 an entity t     
procures en]gy = a milit>y in/allation  
7z def9$ 9 section #bhja7;c7 ( title    
#aj1 ,unit$ ,/ates ,code7 t is manag$ by
 ! ,secret>y ( ,def5se or a contractor (
 ! ,secret>y ( ,def5se2 or  7ii7 !      
,g5]al ,s]vices ,adm9i/ration = !       
purpose ( en]gy procurem5t2  7,g7       
projects b5efitt+ f ,national           
,laboratories 7z def9$ 9 section #b ( ! 
,en]gy ,policy ,act ( #bjje 7#db        
,u4,s4,c4 #aehja77 or us] facilities =  
te/+1 data collection1 p]mitt+1 or o!r  
all[able uses1 z det]m9$ by ! ,secret>y2
 or  7,h7 projects us+ nucle> fuel      
procur$ "u or pursuant to ! ,nucle>     
,fuel ,security ,act ( #bjbc 7#db       
,u4,s4,c4 #afbhb74  4