Advanced Reactor Fee Reduction Act

This bill caps fees charged to companies seeking advanced nuclear reactor licenses by preventing the Nuclear Regulatory Commission from including certain overhead costs in fee calculations. It directly affects "advanced nuclear reactor applicants" (those with submitted license applications) and "advanced nuclear reactor preapplicants" (those with project plans for future applications). The fees must not exceed the hourly rate for mission-direct safety program staff and cannot include indirect support costs like agency or mission-indirect program expenses. The changes take effect October 1, 2024, and expire September 30, 2029.