H.R. 4263 — 123 GO Act

This section expresses the sense of Congress that Executive Order 14299 (90 Fed. Reg. 22581; relating to deploying advanced nuclear reactor technologies for national security) reflects the interests of the United States.

This section directs the Secretary of State to (1) lead diplomatic engagement and negotiations for agreements for cooperation pursuant to section 123 of the Atomic Energy Act of 1954 (i.e., 123 agreements authorizing transfers of nuclear materials, equipment, and technology for peaceful purposes, subject to nonproliferation safeguards); (2) seek to enter into at least 20 new 123 agreements before January 3, 2029; and (3) seek to renegotiate or renew 123 agreements scheduled to expire before 10 years after enactment.

This section directs the Secretary of State, in consultation with the Secretaries of Commerce and Energy and after review by the Director of the Office of Science and Technology Policy and the Assistant to the President for Economic Policy, to implement a program to enhance the global competitiveness of United States persons (as defined in 50 U.S.C. 1708(d)) who are nuclear suppliers, investors, or lenders competing for nuclear projects in foreign countries, including by (1) expediting intergovernmental agreements on nuclear energy and the fuel supply chain with potential export countries; (2) promoting broad adherence to the Convention on Supplementary Compensation for Nuclear Damage, with Annex, done at Vienna September 12, 1997 (TIAS 15–415); (3) identifying statutory and regulatory burdens on exports of nuclear technology, fuel supplies, equipment, and services from the United States and recommending action to relieve such burdens; and (4) encouraging favorable decisions by potential import countries on the use of nuclear technology, fuel supplies, equipment, and services from the United States.