Policy Impact Analysis - 117/HR/7360

Bill Overview

Title: Fission for the Future Act of 2022

Description: This bill supports the commercial deployment of advanced nuclear reactors. Specifically, the Department of Energy (DOE) must establish a program that provides financial assistance for the commercial planning, licensing, development, and construction of (1) advanced nuclear reactors, or (2) supply chain infrastructure associated with such reactors or related technologies. In addition, the bill reauthorizes through FY2027 and revises a DOE program designed to strengthen university research and training in nuclear science and engineering.

Sponsors: Rep. Doyle, Michael F. [D-PA-18]

Target Audience

Population: People involved in and affected by the advanced nuclear reactor and related infrastructure developments

Estimated Size: 10000000

Reasoning

Simulated Interviews

Nuclear Engineer (Illinois, Chicago)

Age: 45 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 20.0 years

Commonness: 10/20

Statement of Opinion:

  • This policy is great as it directly supports the infrastructure I work on, boosting research and potentially creating more career opportunities.
  • Funding could speed up project timelines, meaning job stability and growth in the sector.
  • There's a need for continuous funding post-FY2027 for sustained impact.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 9 7
Year 5 9 7
Year 10 8 7
Year 20 8 6

Graduate Student in Nuclear Engineering (California, Berkeley)

Age: 29 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 12/20

Statement of Opinion:

  • This act provides more scholarships and research funding, which could advance my studies and increase available resources.
  • However, it could also lead to more competition as more students are drawn to nuclear studies.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 7 5
Year 20 6 4

Manufacturer (South Carolina)

Age: 54 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 8/20

Statement of Opinion:

  • If new reactors are built nearby, it might increase demand for my products, but initial contracts often go to major players.
  • Supply chain developments could filter down over time.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 7 6
Year 10 7 6
Year 20 6 5

Utility Company Executive (Alabama, Birmingham)

Age: 41 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 15.0 years

Commonness: 6/20

Statement of Opinion:

  • The financial aid for reactor planning and development would help us pivot towards more sustainable energy solutions.
  • Though implementing such large-scale projects is complex and not without regulatory hurdles.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 9 7
Year 3 9 7
Year 5 9 8
Year 10 9 7
Year 20 8 6

Software Developer (New York, Rochester)

Age: 36 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 0.0 years

Commonness: 15/20

Statement of Opinion:

  • I am concerned about the safety and environmental impacts of more nuclear sites despite potential energy benefits.
  • It doesn't impact my job currently, but these considerations affect my view overall.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 4
Year 2 4 4
Year 3 4 4
Year 5 4 4
Year 10 3 4
Year 20 3 3

Environmental Activist (Texas, Austin)

Age: 23 | Gender: other

Wellbeing Before Policy: 4

Duration of Impact: 0.0 years

Commonness: 7/20

Statement of Opinion:

  • This policy doesn’t address my priority of reducing reliance on centralized and potentially hazardous energy systems.
  • Decentralization and renewable energy funding are more aligned with my beliefs.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 4
Year 2 4 4
Year 3 3 3
Year 5 3 3
Year 10 3 4
Year 20 3 4

Retired Industry Consultant (Pennsylvania, Pittsburgh)

Age: 62 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 8.0 years

Commonness: 9/20

Statement of Opinion:

  • The policy sounds good for reinvigorating industry with advanced reactors, but I've seen projects stall without longer-term financial support.
  • The long-term gain might still outweigh short-lived boosts.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Government Policy Analyst (Washington, DC)

Age: 38 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • Fission for the Future Act could significantly advance nuclear tech's role in clean energy but needs strong regulatory frameworks.
  • Careful implementation will be critical for its success.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 9 8
Year 20 8 7

Professor of Nuclear Physics (Colorado, Boulder)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 20.0 years

Commonness: 3/20

Statement of Opinion:

  • The reauthorization of DOE programs strengthens the links between academia and industry, enhancing research.
  • It could attract more students to nuclear programs, which is positive for the field's future.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 9 7
Year 3 9 8
Year 5 9 7
Year 10 9 7
Year 20 9 6

Logistics Coordinator (Ohio, Columbus)

Age: 34 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 11/20

Statement of Opinion:

  • There's potential to see increased logistics needs due to supply chain developments funding.
  • Initial uncertainty around involvement could delay any personal impact.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 6 5
Year 20 5 4

Cost Estimates

Year 1: $2000000000 (Low: $1500000000, High: $2500000000)

Year 2: $2050000000 (Low: $1550000000, High: $2550000000)

Year 3: $2101250000 (Low: $1600000000, High: $2600000000)

Year 5: $2207362500 (Low: $1700000000, High: $2700000000)

Year 10: $2433351593 (Low: $1872000000, High: $2970000000)

Year 100: $5806651881 (Low: $4478880000, High: $7113900000)

Key Considerations