Section 1 Short title
This Act may be cited as the “Reactor Expenditure Accountability and Compliance Transparency Act” or the “REACT Act”.
Reactor Expenditure Accountability and Compliance Transparency Act
A BILL
To direct the Nuclear Regulatory Commission to require certain reporting by power reactor licensees that use decommissioning trust funds, and for other purposes.
Sec. 2 Required reporting for power reactor licensees that use decommissioning trust funds
The Nuclear Regulatory Commission shall revise section 50.82 of title 10, Code of Federal Regulations, to require each power reactor licensee that uses a decommissioning trust fund to report to the Nuclear Regulatory Commission in each financial assurance status report of such licensee—
any earned interest of the decommissioning trust fund;
the projected annual rate of return of the decommissioning trust fund; and
a detailed list of expenditures made for decommissioning activities using withdrawals from the decommissioning trust fund.