; (B) emphasize risk-informed and performance-based regulatory approaches; and (C) enable the Commission to finalize its review of an application to approve the design of an advanced nuclear reactor in no more than two years. (b) Study on elimination of foreign licensing restrictions Not later than 18 months after the date of enactment of this section, the Comptroller General, in consultation with the Secretary, shall submit to Congress a report containing the results of a study on the feasibility and implications of repealing restrictions under sections 103 d. and 104 d. of the Atomic Energy Act of 1954 ( 42 U.S.C. 2011 et seq.). (c) Study on the impact of the elimination of mandatory hearings for uncontested licensing applications Not later than 18 months after the date of enactment of this section, the Comptroller General, in consultation with the Secretary, shall submit to Congress a report containing the results of a study on the estimated effect of eliminating the requirement to hold a hearing for uncontested applications for an operating license or construction permit under section 189 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2239 ). (d) Informal hearing procedures (1) Procedures Section 189 a. of the Atomic Energy Act of 1954 ( 42 U.S.C. 2239(a) ) is amended by adding at the end the following: (3) Any hearing under this section shall be conducted using informal adjudicatory procedures in accordance with section 555 of title 5, United States Code, unless the Commission determines that formal adjudicatory procedures under section 554, 556, or 557 of title 5, United States Code are necessary— (A) to develop a sufficient record