Érida Tosini-Corea

A new optional licensing framework: Finalization of Part 53 10 CFR Part 53 is the first new NRC reactor licensing framework since the adoption of Part 52 in 1989 and represents the most substantial re-thinking of reactor licensing since the original Part 50 regulations were issued in the 1950s. Scope: Rather than limiting the scope of Part 53 to advanced reactors, the NRC has framed the regulation as applicable to commercial nuclear plants more broadly.

On July 4, 2025, President Trump signed into law the One, Big, Beautiful Bill Act. The Act includes significant amendments to tax credits originally enacted and/or amended under the Inflation Reduction Act of 2022 (“IRA”) including earlier termination dates for many credits and new Prohibited Foreign Entity (“PFE”) restrictions (i.e., FEOC restrictions) (see our previous alert on the House bill here) for all of these credits that extend beyond the end of 2025.

On July 4, 2025, President Trump signed into law the One, Big, Beautiful Bill Act. The Act includes significant amendments to tax credits originally enacted and/or amended under the Inflation Reduction Act of 2022 (“IRA”) including earlier termination dates for many credits and new Prohibited Foreign Entity (“PFE”) restrictions (i.e., FEOC restrictions) (see our previous alert on the House bill here) for all of these credits that extend beyond the end of 2025.