; and (B) give priority to an eligible entity that certifies that the eligible entity will, after the competition of the feasibility study for which a grant is awarded, commence, if appropriate, other pre-licensing application activities for the applicable advanced nuclear reactor. 4. Feasibility study report Not later than 60 days after the selection of the eligible entities to be awarded grants under the program, the Secretary shall submit to the appropriate congressional committees a report that describes— (1) the eligible entities that were selected; (2) the reasoning for selection of such eligible entities; (3) a summary of each feasibility study to be conducted using a grant awarded under the program, including the amount requested for the feasibility study; (4) an anticipated timeline for each resulting feasibility study; and (5) any other information the Secretary determines necessary. 5. Use of existing feasibility studies The Secretary and the Nuclear Regulatory Commission shall jointly establish a process under which a feasibility study conducted pursuant to the program may, in whole or in part, be utilized for purposes of a feasibility study for the siting, construction, and operation of an advanced nuclear reactor at a different site, with similar characteristics, in the applicable region. 6. Cost share (a) In general The non-Federal cost share of feasibility study conducted pursuant to this Act shall be 60 percent. (b) Reduction of non-Federal share The Secretary may reduce the non-Federal share required under paragraph (1), if the Secretary determines the reduction to be necessary and appropriate, taking into consideration— (1) whether the proposed site of the advanced nuclear reactor and supporting facilities is at the site of a fossil fuel-fired electric generating facility that is retired or planned to be retired within the next year