Manchin

Biden

President Biden struck an infrastructure deal yesterday with a bipartisan group of senators to provide new investments for electric utilities, transportation, broadband, and other projects.

The deal coincided with a Senate Energy and Natural Resources Committee (SENR) hearing yesterday, which examined the infrastructure needs of the U.S. energy sector and considered the legislative proposal released last week by SENR chairman Sen. Joe Manchin (D., W.Va.) . The proposal, labeled a "discussion draft," is currently in play for ongoing bipartisan infrastructure negotiations and includes provisions that would comply with rules on budget reconciliation, including a section that fully funds the Advanced Reactor Demonstration Program and other Energy Act of 2020 programs. Manchin's proposal would also look to create a Department of Energy grant program for at-risk nuclear plants on an as-needed basis.