HB63

House Bill 63: **__N.E.T. Act (Nuclear Energy Tomorrow)__** Dalton Browsky, Democrat, Ohio Mitch Pollock, Republican, Florida Brian Evans, Republican, Indiana
 * Sponsors:**

__**Purpose**__ Our bill sets out to create a more energy-independent United States by using modern nuclear reactor technology to fuel our nation. America is currently struggling under the huge costs of foreign oil. Also, fosil fuels cause pollution and ruin the environment. We suggest the creation of nuclear-invested businesses that will fuel America for generations to come, and the government will help provide initial funding to help these corporations rise to the top.

Our bill will lend money to corporations, allowing them to get a head start in the energy market. So, it will affect businesses and the unemployed, because many new security jobs and labor jobs will be created. Also, there will be numerous construction jobs needed. Eventually, when the cost of electricity decreases every home owner in America will be affected.
 * __Eligibility__**

Our bill will work for the next 10 years. We will slowly implement more nuclear plants into the U.S. based on very modern technology. First, we will provide initiative for companies to build nuclear plants by offering 25% of the cost to build a plant as a no interest loan, which will help new companies venturing into the field. Also, we will encourage oil and gas companies to build nuclear plants as well, due to the economic success of plants in the long run. The very first step that we will assist with is the building of the plants and reactors. We will also insure the public that these 21st century plants will be much safer (due to the fact that we will require plants to hire security teams with extensive training), smarter, and more profitable. These plants also produce less nuclear waste. Nuclear plants can meet our electrical needs as well, making it the very best energy choice. We will evaluate these businesses in the construction phase, which will last appoximately 10 years. After that, the companies can start the business piece of the plants, generating energy for America. This bill will go in effect within the year and last for 10 years. We can renew it or not based on whether has been built up enough. This bill will solve the crucial problem of energy in the United States.
 * __Terms and Benefits__**

The cost to build a nuclear plant in America is approximately 2 to 3 billion dollars. Twenty five- percent of that would be from 500,000,000 dollars to 700,000,000 dollars per plant over the entire ten years. Therefore, we have estimated that there will be about 100 plants maximum that we will loan to, bringing the total amount loaned over ten years to between 45 billion and 70 billion dollars maximum, or about 6 billion dollars per year. Setting a maximum of 70 billion dollars will encourage first-come first-serve, and will significantly decrease businesses' spending on construction. The government will only loan 25% of the original budget, so companies will have to work within the budget. Remember, this is a no interest loan, so the companies will just have to pay the goverment back it's initial 25% investment until 5 years after construction is completed. The total cost of this bill will be 0 dollars.
 * __Fiscal Impact__**