Isaiah Taylor

If you can't do that, you don't have an industry, or at least you won't have an industry in a decade or two.

Who is the NRC?

So the Nuclear Regulatory Commission is a commission created by Congress in the Atomic Energy Act of 1946.

It's sort of gone through a couple iterations and various acts of Congress since then, but it has five commissioners and it's responsible for regulating nuclear.

And I would say it's not done a good job of that.

And the evidence for the fact that it has not done a good job of that is since 1979,

The NRC has approved four construction permits.

Four.

One, two, three, four.

Since when?

Since 1979.

Jeez.

In the meantime, China has built dozens of reactors and is currently building 30.

So there are 30 nuclear reactors under construction in China today.

And that's a brand new thing for China.

China has just gotten into this.

But since 1979, the NRC has granted four construction permits.

That's a dead regulator, right?

That is a regulator which needs rapid overhaul, fundamental overhaul.

And the Trump administration is working on that.