The Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs recently held a hearing titled “The New Atomic Age: Advancing America’s Energy Future.” The session focused on the development of small and micro modular nuclear reactors in the United States. Members highlighted the importance of expanding nuclear energy due to its efficiency and low cost compared to other sources.
Key points from the hearing included discussions about government overregulation impeding reactor development. Alex Epstein, President of the Center for Industrial Progress, emphasized that “the first step is for government to stop doing the immense harm it’s actively doing.” He pointed out that irrational regulation has made nuclear energy expensive or impossible to build.
Joshua Smith from the Abundance Institute also testified, saying, “Nuclear’s struggles today aren’t inherent to the technology. They’re the product of outdated, unfit, and counterproductive regulations.” He called for reforms in licensing and permitting processes to enable innovation in nuclear power.
Subcommittee Chairman Burlison (R-Mo.) questioned why companies are unable to develop nuclear energy domestically. Mr. Smith responded by stating that there are too many barriers preventing progress. He suggested state-level regulation might be more effective than federal oversight.
During his testimony, Mr. Epstein advocated for opening nuclear innovation zones on federal land. This could expedite testing and development without prolonged delays.
Rep. Scott Perry (R-Pa.) raised concerns about profitability and cost-efficiency within the industry compared to other non-traditional energy sectors. Mr. Epstein explained that allowing profit-making entities more freedom could reduce costs for consumers while cutting subsidies for less reliable energy forms like solar and wind would stabilize markets.
The hearing underscored a need for modernizing regulatory approaches if the U.S. wants to maintain leadership in global energy efficiency.
