Energy needs, and particularly clean energy needs, across the globe have created a market and demand for SMRs. The promise of SMRs, both with enhanced safety and increased flexibility in applications and financing, has created a global market and potential enterprise that must be supported by more streamlined processes for licensing and deployment. Embarking countries that desire or require nuclear energy will probably demand, solicit and procure a nuclear technology that is proven and has been licensed by a competent regulatory authority. Embarking nations are risk averse and resource limited — they want a proven technology and previously licensed/approved design to mitigate a financial constraint and promote private or public investment. Embarking nations also have limited regulatory resources and capabilities — a certified/approved design will permit a licensing process that can leverage the proven and licensed design. The international nuclear energy community must work together to identify and develop a more effective framework for licensing of these previously approved/certified SMRs. Existing frameworks include the International Atomic Energy Agency (IAEA) International Project on Innovative Nuclear Reactors and Fuel Cycle (INPRO), the International Framework for Nuclear Energy Cooperation (IFNEC), and the NRC’s International Regulatory Development Program (IRDP).