ClearPath Action Fund supports House's Nuclear Energy Innovation Capabilities Act

ClearPath Action Fund President Jay Faison recently registered his organization’s support for the Nuclear Energy Innovation Capabilities Act (H.R.4084) with the House Committee on Science, Space and Technology Chair Lamar Smith (R-TX).

“H.R.4084 takes several important steps towards an advanced nuclear future,” the letter said. “Most importantly, it directs the [Department of Energy] to begin planning for a fast neutron source — a crucial resource the private sector will be unable to provide on its own. It also provides for computational modeling support necessary for advanced nuclear engineering, and ensures that the private sector will have access to existing national labs' resources.”

The bill, which was co-introduced by Smith and Rep. Randy Weber (R-TX), seeks to build the nuclear industry through increased federal research and development and private investment. Nuclear energy provides 20 percent of the nation’s electricity, according to Faison.

“America is the global leader in nuclear power, but China and Russia are threatening to usurp this role by aggressively developing new fast neutron nuclear technologies,” the letter said. “We should support American entrepreneurs in their mission of developing the next generation of atomic electricity generation.”