Next Generation Energy Security Act of 2010

The Next Generation Energy Security Act of 2010 (S. 3535) was a legislative proposal designed to reduce American dependence on foreign oil by providing significant tax incentives and federal support for natural gas vehicles and nuclear energy. The bill aimed to make it more affordable for consumers and businesses to purchase vehicles powered by compressed or liquefied natural gas and sought to expand the nation’s refueling infrastructure. Additionally, it proposed streamlining the licensing process for new nuclear reactors and offered tax credits for nuclear plant construction and job creation within the industry.

For the average citizen, this bill would have likely resulted in lower costs for alternative-fuel vehicles and increased the availability of charging and refueling stations. It also sought to stabilize long-term energy costs and boost domestic employment by encouraging the expansion of the nuclear power sector and the recycling of used nuclear fuel. Although the bill was introduced and referred to the Senate Committee on Finance, it did not advance further during the 111th Congress.