; and (11) Congress understands the Committee has the potential to play a valuable role in the Commission licensing review process, but its purpose, processes, and practices need to be improved, economized, and modernized. 3. Advisory Committee on Reactor Safeguards Reform (a) Selection of ACRS Chairman Section 29 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2039 ) is amended by striking by the Committee as its Chairman in the third sentence and inserting as the Chairman of the Committee by a majority of the members of the Commission . (b) License applications (1) In general Section 182 b. of the Atomic Energy Act of 1954 ( 42 U.S.C. 2232(b) ) is amended by striking The Advisory Committee and inserting the following: (1) In general The Advisory Committee . (2) Limitation on review Section 182 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2232 ) is amended by inserting at the end of subsection b., as amended by paragraph (1), the following: (2) Limitation on review With respect to the applications described in paragraph (1), the Advisory Committee on Reactor Safeguards may only review such applications that present a novel issue or an issue of significant safety concern, based on a risk-informed determination by the Committee. . (c) Fee recovery exemption Section 102(b)(1)(B) of the Nuclear Energy Innovation and Modernization Act ( 42 U.S.C. 2215(b)(1)(B) is amended by adding at the end the following: (iv) Costs associated with any reviews conducted by the Advisory Committee on Reactor Safeguards, established under section 29 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2039 ), including any direct or indirect costs relating to preparing for, or attending, meetings held by the Advisory Committee on Reactor Safeguards. . (d) ACRS organization Section 29 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2039 ) is amended— (1) by striking There is hereby and inserting the following: (a) In general There is hereby