WASHINGTON, D.C. - The Congressional Budget Office (CBO) released its analysis of H.R. 8674, a bill aimed at boosting domestic nuclear fuel production. The CBO estimates that enacting this legislation would have a minimal impact on federal spending, with direct spending projected to be less than $500,000 over the next decade.
H.R. 8674 would authorize the Department of Energy to award grants to support demonstration projects that increase domestic nuclear fuel production and recycling. These projects would be funded using previously appropriated amounts from the Infrastructure Investment and Jobs Act.
The CBO analysis indicates that by expanding the use of these existing funds, the bill could accelerate spending. However, the CBO has not yet estimated the bill's effects on spending subject to appropriation.
The bill has no significant impact on federal revenues and does not impose any new mandates on state or local governments or the private sector.
H.R. 8674 is currently awaiting consideration by the full House of Representatives.
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