7:02 PM EDT
Rodney Frelinghuysen, R-NJ 11th

Mr. FRELINGHUYSEN. As I said earlier, respectfully, I still think this amendment, as with the previous one, is an issue where we are determining winners and losers, and I believe the market should decide.

Let me say, the committee is strongly supportive of the whole issue of development of small, modular nuclear reactors, and it is amazing how much interest there is out there. There is incredible ingenuity that is going into it.

We do have support for nuclear loan guarantees. I think there is $11 billion in unused funds and $6 billion for fossil fuels. We have money available for the development of these types of technologies which hopefully you will find to be reassuring.

But for reasons I said earlier, without repeating myself again, I oppose your amendment at this time.

I yield back the balance of my time.