The last major legislation altering the atomic regulatory structure was passed in 1974: the Energy Reorganization Act.
That act split the AEC into two different agencies: the NRC and the U.S. Energy Research and Development Administration (which is now part of the Department of Energy).
Now, there’s a new bill winding its way through Congress that intends to reform the NRC’s licensing and fee recovery structures. The Senate bill is called the “Nuclear Energy Innovation and Modernization Act.”
You can read the NEI’s press release at the following link, which also includes a link to the actual text of the bill:
I encourage you to read through the bill. It’s only 37 pages.
One aspect of the bill that is not mentioned in the NEI article is a provision buried in the bill’s last two pages.
That provision would allocate government grant money to be used to partially fund the licensing process for new reactors.