Opportunities for Nuclear Energy Investment Act
Sponsor

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Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
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Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2026-09-30
Plain-English Summary
Plain-English summary pending. Introduced on 2026-09-30. Check back soon — summaries are generated as bills progress through Congress.
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5641 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5641 To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 30, 2026 Mr. Scott of South Carolina introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Opportunities for Nuclear Energy Investment Act''. SEC. 2. NUCLEAR COMMUNITIES DEFINITION AND APPLICABILITY. (a) Definition of Nuclear Communities.--Clause (iv) of section 45(b)(11)(B) of the Internal Revenue Code of 1986 is amended to read as follows: ``(iv) for purposes of any qualified facility which is an advanced nuclear facility, a metropolitan statistical area or non- metropolitan statistical area which has (or, at any time during the period beginning after December 31, 2009, had) 0.17 percent or greater-- ``(I) direct employment related to the advancement of nuclear power, including employment related to-- ``(aa) an advanced nuclear facility, ``(bb) advanced nuclear power research and development, ``(cc) nuclear fuel cycle research, development, or production, including mining, enrichment, manufacture, storage, disposal, or recycling of nuclear fuel, and ``(dd) the manufacturing or assembly of components used in an advanced nuclear facility, plus ``(II) indirect or induced employment related to the planning, licensing, engineering, procurement, site preparation, construction, and commissioning of an advanced nuclear facility.''. (b) Special Rule for Beginning of Construction for Advanced Nuclear Facilities.--Section 45(b)(11)(C) of such Code is amended by adding at the end the following new clause: ``(iii) Special rule for beginning of construction.--For purposes of this paragraph, if construction of an advanced nuclear facility begins in an area which, as of the date on which construction of such facility begins, satisfies the requirements under any clause in subparagraph (B), such facility shall be deemed to be located in an energy community for the entirety of the 10-year period beginning on the date the facility was originally placed in service.''. (c) Applicability of Definition of Nuclear Communities.--Section 48E(a)(3)(A)(i) of such Code is amended by striking ``, as applied without regard to clause (iv) thereof''. (d) Effective Dates.-- (1) Definition of nuclear communities.--Except as provided under paragraph (2), the amendments made by this section shall take effect as if included in section 70512(f)(1) of Public Law 119-21. (2) Applicability of definition of nuclear communities.-- The amendment made by subsection (c) shall take effect as if included in section 70512(f)(2) of Public Law 119-21. SEC. 3. EXPANSION OF ADVANCED MANUFACTURING PRODUCTION CREDIT TO INCLUDE DISTRIBUTION TRANSFORMERS AND LARGE POWER TRANSFORMERS. (a) In General.--Section 45X of the Internal Revenue Code of 1986 is amended-- (1) in subsection (b)(1)-- (A) in subparagraph (L)(ii), by striking ``and'' at the end, (B) in subparagraph (M), by striking the period at the end and inserting ``, and'', and (C) by adding at the end the following new subparagraph: ``(N) in the case of any distribution transformer or large power transformer, an amount equal to 10 percent of the costs incurred by the taxpayer with respect to production of such transformer.'', and…
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(2) in subsection (c)-- (A) in paragraph (1)(A)-- (i) in clause (iv), by striking ``and'' at the end, (ii) in clause (v), by striking the period at the end and inserting ``, and'', and (iii) by adding at the end the following new clause: ``(vi) any distribution transformer or large power transformer.'', and (B) by adding at the end the following new paragraph: ``(7) Transformers.-- ``(A) Distribution transformer.--The term `distribution transformer' has the same meaning given such term under section 321(35) of the Energy Policy and Conservation Act (42 U.S.C. 6291(35)). ``(B) Large power transformer.--The term `large power transformer' means a device that functions to transfer electrical energy between 2 or more circuits through electromagnetic induction at the same or different voltage levels within and among the bulk- power system (as defined in section 215(a) of the Federal Power Act (16 U.S.C. 824o(a))).''. (b) Effective Date.--The amendments made by this section shall apply to components produced and sold after the date which is 90 days after the date of enactment of this Act. <all>
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