Innovative solutions prize competition

(a) Establishment Not later than 180 days after the date of enactment of this Act, the Administrator shall establish a competitive prize competition (referred to in this section as the prize competition) to award prizes to proposals for affected communities to carry out alternatives to nuclear facilities, generating sites, and waste sites. (b) Prize board (1) Establishment There is established an advisory board (referred to in this section as the Board) to advise the Administrator on— (A) the design and implementation of the prize competition; and (B) the development of the pilot project under subsection (d). (2) Composition The Board shall be composed of not fewer than 9 members appointed by the Administrator— (A) who shall provide expertise in— (i) nuclear waste; (ii) workforce issues; (iii) technology development; and (iv) economic development; and (B) who may include representatives from— (i) The National Laboratories; (ii) nonprofit organizations; and (iii) institutions of higher education. (c) Award amount An award under the prize competition shall be in the amount of $500,000. (d) Pilot program (1) In general The Administrator, in consultation with the Board, shall develop a pilot project based on the proposal of the winner of the prize competition. (2) Funding Of the amounts made available under section 7, the Administrator may use $500,000 to carry out the pilot project under paragraph (1). (e) Report Not later than 60 days after the date on which a prize is awarded under the prize competition, the Administrator shall submit to the relevant committees of Congress a report that describes the winning proposal of the prize competition.