The proposed legislation establishes a State of Wisconsin Nuclear Power Summit Board tasked with organizing, promoting, and hosting a nuclear power summit in Madison. This summit aims to advance nuclear power and fusion energy technology while showcasing Wisconsin's leadership in the nuclear industry. The board will consist of both voting and nonvoting members, including state senators, assembly representatives, and representatives from relevant organizations and educational institutions. The summit must occur no later than one month after the new college of engineering building at the University of Wisconsin-Madison opens, ensuring participants have access to the facility.

Additionally, the bill creates an appropriation for the Wisconsin Economic Development Corporation (WEDC) to support the board's activities, exempting the board from certain state requirements regarding public notice and competitive bidding. The board is required to meet at least once in 2025 and three times annually thereafter, and it will dissolve 180 days after the summit's completion, with any remaining assets being transferred to the University of Wisconsin-Madison's nuclear engineering program. The bill also includes provisions for the establishment of registration fees for summit attendees, with potential waivers for Wisconsin residents.