To amend the Atomic Energy Act of 1954 and the Nuclear Energy Innovation and Modernization Act to limit the type of applications reviewed by the Advisory Committee on Reactor Safeguards and to exclude reviews by the Advisory Committee on Reactor Safeguards from the Nuclear Regulatory Commission's annual assessment and collection of fees and charges.

This bill amends the Atomic Energy Act of 1954 and the Nuclear Energy Innovation and Modernization Act to restrict the Advisory Committee on Reactor Safeguards' review authority and reduce regulatory costs. The bill limits the Committee's review of reactor license applications to only those presenting novel issues or significant safety concerns based on risk-informed determinations. Additionally, the bill excludes costs associated with the Committee's reviews from the Nuclear Regulatory Commission's annual fee assessments charged to applicants.

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