; (ii) opportunities to use standard materials, parts, or components in manufacturing and construction for nuclear energy applications; and (iii) opportunities to use standard materials that are in compliance with existing codes and standards to provide acceptable approaches to support or encapsulate new materials that do not yet have applicable codes or standards; (C) identify safety aspects of advanced manufacturing processes and advanced construction techniques that are not addressed by existing codes and standards, so that generic guidance for nuclear energy projects may be updated or created as necessary by the Commission; (D) identify options for addressing the issues, requirements, and opportunities examined under subparagraphs (A) and (B)— (i) within the existing regulatory framework; or (ii) through a new rulemaking; and (E) describe the extent to which Commission action is needed to implement any matter described in the report. (2) Cost estimates, budgets, and timeframes The report under subsection (a) shall include cost estimates, proposed budgets, and proposed timeframes for implementing risk-informed and performance-based regulatory guidance for advanced manufacturing and construction for nuclear energy projects. 7. Extension of the Price-Anderson Act (a) Extension Section 170 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2210 ) (commonly known as the Price-Anderson Act ) is amended by striking December 31, 2025 each place it appears and inserting December 31, 2065 . (b) Liability Section 170 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2210 ) (commonly known as the Price-Anderson Act ) is amended— (1) in subsection d. (5), by striking $500,000,000 and inserting $2,000,000,000