The House Appropriations energy subcommittee began marking up the $58.5 billion Fiscal Year 2027 Energy and Water Development bill.
The legislation prioritizes modernizing the U.S. nuclear weapons stockpile and naval propulsion systems. It allocates funds to accelerate the research and deployment of advanced nuclear technologies, specifically small modular reactors.
The bill provides significant funding to strengthen domestic supply chains for critical minerals. It also prohibits the sale of crude oil from the Strategic Petroleum Reserve to any entity associated with the Chinese Communist Party.
The proposal supports a broader strategy of American energy dominance by funding baseload power research and infrastructure maintenance. This policy direction signals potential growth for the nuclear and domestic mining sectors.