Fast Track Nuclear Act of 2008 - Directs the Nuclear Regulatory Commission (NRC) to approve or deny an application for a license under the Atomic Energy Act of 1954 within one year after its receipt if: (1) the application incorporates a facility design approved by the NRC; (2) the facility will be built by a company with a proven history of building safe and efficient power plant facilities; and (3) an appropriate authority from the local jurisdiction within which the facility is proposed to operate has asked the NRC to approve the license application.
States that construction and operation of such a facility is not subject to challenge or delay under the Endangered Species Act, the National Environmental Policy Act of 1969, or any other federal or state environmental law.
Authorizes appropriations for research, to be carried out through the Los Alamos and Sandia National Laboratories, on new and innovative designs for nuclear facilities that: (1) produce more energy than current designs; (2) reduce output nuclear waste; and (3) increase safety features.