Energy

Agriculture and Energy Assistance Act of 1986

United States · United States Congress · 10 April 1986

Agriculture and Energy Assistance Act of 1986 - Amends the Federal Deposit Insurance Act to direct the appropriate Federal banking agency to allow an agricultural or energy bank which engages in troubled debt restructuring involving only modification of the terms of the original debt agreement to account for the effects of the debt restructuring prospectively and to continue to account for the bank's investment in the original debt agreement in the amount recorded by the bank prior to such restructuring (provided the investment is less than or equal to the anticipated cash receipts from restructuring) to the extent such methods of accounting are consistent with generally accepted accounting principles. Directs the appropriate agency to prescribe the manner in which a bank will report any troubled debt restructuring in reports of condition. Authorizes the appropriate agency to limit troubled debt restructuring when necessary to maintain a bank in safe and sound condition. Requires each appropriate agency to allow the capital of a qualified insured bank to fall below its minimum capital requirement. Permits the agency to limit the extent and duration of the shortfall as necessary to maintain a bank in a safe and sound condition. Defines a bank as "qualified" if it: (1) demonstrates that the capital shortfall is attributable to problems in the agricultural or energy sectors of the economy; (2) demonstrates that it is making good faith efforts to restructure troubled debt; (3) applies before January 1, 1988; (4) submits an acceptable plan for increasing its capital to the minimum required level by January 1, 1993; and (5) meets such additional conditions as the agency may establish. Requires the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation to report to the Congress annually on their administration of such debt restructuring and capital standard forbearance provisions and on the extent to which banks are utilizing such provisions. Prohibits a national banking association from holding real estate under mortgage or purchased to secure debt for longer than ten years with no extension (currently, five years with a five-year extension if approved by the Comptroller of the Currency). Provides that a national banking association which the Comptroller of the Currency allows to decrease its capital below its required minimum capital level shall, nevertheless, be deemed to have unimpaired capital and unimpaired surplus equal to such minimum level for purposes of lending limits.

A bill to prohibit the obligation or expenditure of funds appropriated to the Department of Defense or the Department of Energy for the development, explosive testing, or production of strategic defense systems incorporating nuclear explosive devices.

United States · United States Congress · 9 April 1986

Prohibits the obligation or expenditure of funds appropriated to the Department of Defense or the Department of Energy for the development, explosive testing, or production of strategic defense systems (or components of such systems) which utilize nuclear explosive devices.

Crude Oil Retention Act of 1986

United States · United States Congress · 9 April 1986

Crude Oil Retention Act of 1986 - Reaffirms the intent of the Congress that the Strategic Petroleum Reserve be filled to a minimum level of 750,000,000 barrels. Amends the Energy Policy and Conservation Act to direct the Secretary of Energy to provide that such Reserve will be filled only with certain crude oil produced in the United States from specified stripper well property at an annual minimum average daily rate of 300,000 barrels. Prescribes a minimum $15 fee to be paid by the Secretary for each such crude oil barrel. Authorizes State discretion in the use of funds received as a result of any judicial proceeding involving petroleum pricing violations. Expresses the sense of the Congress that: (1) the Congress will not approve any tax reform legislation reducing the benefits from the deductions for percentage depletion and intangible drilling and development costs for oil and gas wells; and (2) only those excise taxes shall be deposited into the Hazardous Substance Response Trust Fund which were so used before September 30, 1985. Amends the Tariff Schedules of the United States to increase certain duties on petroleum and petroleum products. Establishes the Supplemental Deficit Reduction Trust Fund for the reduction of the Federal deficit. Directs the Secretary of the Treasury to transfer into such Fund those amounts attributable to all customs duties imposed on a per barrel basis upon petroleum and natural gas products. Directs the Secretary of Energy to sell the Naval Petroleum Reserve.

A concurrent resolution expressing the sense of the Congress that Japan has not honored the Joint Policy Statement on Energy Cooperation as it relates to United States exports of metallurgical coal and that the President should seek to establish an agreement with Japan for reciprocity between metallurgical coal exports and steel product imports.

United States · United States Congress · 8 April 1986

Expresses the sense of the Congress that Japan has not honored the 1983 Joint Policy Statement on Energy Cooperation as it relates to Japanese imports of U.S. metallurgical coal. Urges the President to seek reciprocity by entering into negotiations with Japan to establish an agreement under which Japan will import U.S. metallurgical coal in quantities equivalent to that used in the production of Japanese steel products exported to the United States. Requires the U.S. Trade Representative to report to the Congress on such negotiations by November 1, 1987.

Civilian Energy Programs Authorization for Fiscal Years 1987 and 1988

United States · United States Congress · 27 March 1986

Civilian Energy Programs Authorization for Fiscal Years 1987 and 1988 - Title I: Research and Development - Authorizes appropriations for FY 1987 for Department of Energy civilian research and development programs relating to: (1) general science and research activities; (2) energy supply research and development; (3) the Geothermal Resources Development Fund; (4) fossil energy research and development; and (5) energy conservation. Authorizes appropriations for construction, acquisition, and modification of facilities including land acquisition and acquisition and fabrication of capital equipment not related to construction for: (1) general science and research activities; (2) energy supply research and development; and (3) energy conservation. Title II: Conservation, Regulation, and Information - Authorizes appropriations for FY 1987 for the following appropriations accounts: (1) energy conservation; (2) economic regulation; (3) emergency preparedness; (4) Federal Energy Regulatory Commission; and (5) Energy Information Administration. Title III: Power Marketing Administration - Authorizes appropriations for FY 1987 for the following appropriations accounts: (1) Southeastern Power Administration; (2) Southwestern Power Administration; (3) Western Area Power Administration; and (4) Alaska Power Administration. Title IV: Other Activities - Authorizes appropriations for FY 1987 for: (1) uranium supply and enrichment activities; (2) departmental administration; (3) the Nuclear Waste Fund; (4) energy supply research and development; and (5) energy conservation. Authorizes appropriations for FY 1987 for construction, acquisition, or modification of facilities, including land acquisition, and for acquisition and fabrication of capital equipment not related to construction for: (1) uranium supply and enrichment activities; (2) departmental administration; (3) energy supply research and development; and (4) the Nuclear Waste Fund. Title V: Fiscal Year 1988 Authorization - Authorizes appropriations for FY 1988 to implement civilian energy programs. Title VI: Miscellaneous Provisions - Repeals certain requirements under the Omnibus Budget Reconciliation Act of 1981 relating to the Department of Energy Budget for FY 1983 and 1984. Amends the Department of Energy Organization Act to provide substitutes for certain ethnic descriptions.

Agricultural and Energy Bank Incentive Act

United States · United States Congress · 26 March 1986

Agricultural and Energy Bank Incentive Act - Amends the Federal Deposit Insurance Act to require the appropriate Federal banking agency to: (1) permit an insured agricultural or energy bank to account for troubled debt restructuring according to generally accepted accounting principles by not requiring a change in the recorded investment unless the investment exceeds total, reasonably anticipated, future receipts given the new terms of the loan; (2) establish a program of capital standard forbearance for such an insured bank for which capital reduction is largely attributable to problems in the agricultural or energy sectors of the economy; and (3) implement call report requirements for renegotiated loans which authorize such loans to be disclosed as "restructured and in compliance with modified terms." Prohibits a national banking association from holding real estate under mortgage or purchased to secure debts for longer than ten years with no extension (currently, five years with a five-year extension if approved by the Comptroller of the Currency). Directs the Comptroller of the Currency to establish new lending limits for banks covered by the capital standard forbearance program. Prohibits such a lending limitation from exceeding 20 percent of the unimpaired capital and unimpaired surplus of the lending institution. Amends the Garn-St Germain Depository Institutions Act of 1982 to extend the Deposit Insurance Flexibility Act and the Net Worth Certificate Act until July 15, 1986. Creates a moratorium on the establishment of nonbank banks until July 15, 1986.

Lake Tuscaloosa Preservation Act

United States · United States Congress · 24 March 1986

Lake Tuscaloosa Preservation Act - Prohibits the Federal Energy Regulatory Commission from issuing any permit, license, or exemption for hydroelectric power project facilities located on Lake Tuscaloosa, Alabama.

Emergency Energy Act of 1986

United States · United States Congress · 21 March 1986

Emergency Energy Act of 1986 - Title I: Amendments of Internal Revenue Code of 1954 - Amends the Internal Revenue Code to allow a credit against the income tax for crude oil producers equal to the excess of an oil well's operating costs allocable to a barrel of oil over the sales price of the barrel (but in no event for more than $5.00 per barrel). Provides for a carryback of unused excess credits for any year. Allows a credit for 15 percent of the costs of exploring for oil or natural gas in the United States. Provides for a carryback of unused excess exploration cost credits. Revises the minimum tax treatment rules for insolvent oil producers to provide that an insolvent taxpayer who transfers property used in the active conduct of a trade or business of exploring for or producing crude oil is not required to treat the net capital gain on a transfer as a tax preference if the transfer was made to a creditor in cancellation of indebtedness or to a third party under a threat of foreclosure. Limits such treatment revision to persons who have derived at least 50 percent of the gross income from an oil exploration or production business. Revises the minimum tax rules to allow a taxpayer to elect to carry over any portion of a percentage depletion deduction to the succeeding taxable year. Revises the definition of intangible drilling and development costs eligible for annual deduction as business expenses when paid or incurred to include geological, geophysical, and surface casing costs paid or incurred for the purpose of ascertaining the existence, location, extent, or quality of any domestic deposit of oil or gas. Repeals the tax preference cutback which currently requires integrated oil and gas producers to reduce (and thereby capitalize) the amount of intangible drilling and development costs eligible for a tax deduction by 20 percent. Repeals the rule that limits percentage depletion for oil or gas properties to 50 percent of a taxpayer's net income from the property. Revises the rule regarding an election to treat operating mineral interests as separate properties to allow such an election without regard to whether one or more of the operating mineral interests participated, under a voluntary or compulsory unitization or pooling agreement, in a single cooperative or unit plan of operation. Repeals specified rules which currently disqualify certain properties from: (1) the percentage depletion allowance deduction; and (2) the stripper well oil exemption from the windfall profits tax. Revises the special rules for the windfall profits tax to declare that a return shall not be treated as required if the amount of windfall profit tax withheld from the purchase payment to an oil producer equals or exceeds the amount required to be withheld as shown on the first purchaser's return. (The statute of limitations on assessments for windfall profits tax liability will thus begin to run concurrently with the statute of limitations on the taxpayer's income tax return.) Limits such rule revision to returns filed after February 29, 1980. Repeals the windfall profits tax. Declares that it is the sense of the Congress that the provisions relating to oil and gas taxation contained in H.R. 3838, the Tax Reform Act of 1985 (as passed by the House of Representatives), or any similar provisions in any other legislation, shall not be enacted. Title II: Removal of Wellhead Price Controls and Repeal of Natural Gas Act Jurisdiction Over Certain First Sales of Natural Gas - Amends the Natural Gas Policy Act of 1978 to: (1) remove wellhead price controls over natural gas prices; (2) repeal the jurisdiction of the Federal Energy Regulatory Commission (FERC) over natural gas exempt from wellhead price controls; (3) repeal the President's standby price control authority; and (4) repeal congressional review of natural gas price controls. Title III: Repeal of Certain Restrictions on the Use of Natural Gas and Petroleum - Amends the Powerplant and Industrial Fuel Use Act of 1978 to: (1) repeal the prohibitions against the use by electric powerplants and major fuel-burning installations of petroleum and natural gas as primary energy sources: (2) remove the restrictions placed upon Federal major fuel-burning installations against the use of natural gas and petroleum as primary energy sources; (3) repeal the guidelines for the emergency use of natural gas or petroleum as a primary energy source by any person operating a peakload powerplant or a major fuel-burning installation. Revokes the authority of the Secretary of Energy to require any major fuel-burning installation to furnish certain information regarding the use of primary energy sources of fuel. Title IV: Repeal of Incremental Pricing Requirements - Amends the Natural Gas Policy Act of 1978 to repeal the natural gas incremental pricing provisions. States that incremental pricing rules promulgated by FERC shall continue in effect only with respect to the flow-through of costs incurred before enactment of this section, including any surcharges based on such costs. Title V: Strategic Petroleum Reserve - Amends the Energy Policy and Conservation Act to direct the Secretary of Energy to fill the Strategic Petroleum Reserve only with crude oil produced in the United States. Prohibits the disposition of the Federal share of crude oil in the Elk Hills Naval Petroleum Reserve unless: (1) the minimum quantity of crude oil in storage in the Strategic Petroleum Reserve is 750,000,000 barrels (currently, 500,000,000 barrels). Title VI: Plugging of Abandoned Oil and Gas Wells - Declares it is the sense of the Congress that: (1) no State should impose less than a one year waiting period before requiring the permanent plugging of abandoned oil and gas wells; and (2) States should encourage limited plugging of such wells for reopening at a later date at minimal cost. Title VII: Separability - Sets forth separability provisions.

Oil and Gas Deregulation and Incentive Act of 1986

United States · United States Congress · 20 March 1986

Oil and Gas Deregulation and Incentive Act of 1986 - Title I: Elimination of Tax Reform Provisions Which Detrimentally Affect the Petroleum Industry - Expresses the sense of the Congress that retention of current income tax provisions regarding the petroleum industry (such as the oil depletion allowance and deduction for intangible drilling expenses) is necessary to provide capital formation for the industry. Urges that certain provisions of H.R. 3838 (Tax Reform Act of 1985) affecting the industry be eliminated. Title II: Federal Banking Agency Cooperation with Troubled Banks and Thrift Institutions - Amends the Federal Deposit Insurance Act to prescribe guidelines under which an in-State or out-of-State bank holding company (or savings and loan holding company) may acquire both closed banks and banks undergoing financial difficulties. Amends the Bank Holding Company Act of 1956 to authorize the immediate consummation of such an acquisition upon the finding by the Federal Reserve Board of Governors that it must act immediately to approve an application for such acquisition. Expresses the sense of the Congress that Federal banking agencies should: (1) affirm that financial institutions are allowed to account prospectively for modifications of their borrowers' debts as reduced interest income; (2) exercise forbearance of their capital standards when capital reduction is attributable to loans to certain troubled economic sectors; and (3) implement changed disclosure requirements for renegotiated loans. Title III: Windfall Profit Tax Repeal and Clarification of Assessment Period - Amends the Internal Revenue Code to repeal the windfall profit tax on domestic crude oil. Title IV: Deregulation of the Gas Industry - Amends the Powerplant and Industrial Fuel Use Act of 1978 to repeal the prohibition against the use of petroleum and natural gas as primary energy sources in new and existing electric powerplants and major fuel-burning installations. Amends the Natural Gas Policy Act of 1978 to repeal: (1) the passthrough of natural gas acquisition costs incurred by interstate pipelines (incremental pricing); (2) wellhead price controls on the first sale of natural gas as of January 1, 1987; (3) standby price control authority over natural gas sales contracts executed or renegotiated after enactment of this Act; (4) Natural Gas Act jurisdiction over first sales of dedicated or committed natural gas; and (5) the authority of the Federal Energy Regulatory Commission (the Commission) to prescribe minimum natural gas purchase contract duration provisions. Authorizes the Commission to order natural gas companies and interstate pipelines to provide transportation services without discriminating as to class of shipper or recipient. Title V: General Provisions - Declares it the sense of the Congress that State rules regarding the plugging and abandonment of oil and gas producing wells should be reviewed with the goals of: (1) ensuring that wells are not prematurely abandoned; (2) determining limited plugging procedures to facilitate future re-entry; and (3) ensuring that neither operating interest owners nor landowners are unjustly penalized as a result of plugging requirement revisions. Amends the Mineral Lands Leasing Act to increase from ten to 20 years the lease term allotted for coal deposits exploration and development.

A resolution to express the sense of the House of Representatives that it supports continued Federal ownership and operation of the power marketing agencies, opposes their sale, and supports the continuation of existing Federal power marketing policies.

United States · United States Congress · 20 March 1986

Expresses the sense of the House of Representatives that it: (1) supports the continuation of the existing Federal power marketing policies, as well as Federal ownership and operation of power marketing agencies; and (2) opposes the Federal sale of such agencies.

A concurrent resolution expressing the sense of the Congress with respect to the administration of the Nuclear Waste Policy Act of 1982 by the Secretary of Energy.

United States · United States Congress · 20 March 1986

Expresses the sense of the Congress that the Secretary of Energy, when implementing the site selection processes of the Nuclear Waste Policy Act of 1982, should: (1) refrain from computing the time limitation on any period during which the Secretary receives comments from persons designated under the Act until the information on which such persons are to comment is available to them; (2) investigate whether such information is available to such persons on the date of publication; (3) investigate whether site selection process costs can be reduced through periodic data review to determine which sites warrant further consideration; (4) apply certain population density factors at every stage of the site review process; and (5) delay the second repository site selection process whenever there is a selection process delay for the first repository site.

Fuel Use Act Repeal Bill of 1986

United States · United States Congress · 18 March 1986

Fuel Use Act Repeal Bill of 1986 - Title I: Repeal of Certain Restrictions on the Use of Natural Gas and Petroleum - Amends the Powerplant and Industrial Fuel Use Act of 1978 to repeal prohibitions against the use of natural gas or petroleum as a primary energy source in new and existing electric powerplants and major fuel-burning installations. Title II: Separability - Declares that if any part of this Act is invalid, the remainder shall not be affected.

Nuclear Waste State Participation Act of 1986

United States · United States Congress · 18 March 1986

Nuclear Waste State Participation Act of 1986 - Amends the Nuclear Waste Policy Act to extend: (1) from 1985 to 1995 the deadline by which the Secretary of Energy must recommend to the President suitable first repository sites; and (2) from 1989 to 1999 the deadline by which the Secretary must recommend to the President suitable second repository sites. Requires each site nomination to be accompanied by a site characterization activities plan. Prescribes the contents of such a plan. (Characterization is the detailed examination of a proposed repository site in order to determine approval or disapproval.) Repeals the 60-day deadline within which the President must transmit (to the Secretary and the affected States) the approval or disapproval of recommended candidate sites. Sets January 1, 1995 (and January 1, 1999) as deadlines by which the President must recommend to the Congress candidate sites considered qualified for characterization activities. Sets guidelines for the extension of such deadlines. Permits a State (or Indian tribe) to disapprove a proposed site before characterization. Requires the President to submit to the Congress alternative candidate site characterizations within one year after a candidate site recommendation has been vetoed by a State (or affected Indian tribe). (Under existing law, the Congress may veto a State's disapproval of a site designation by a two-thirds vote of both Houses.) Extends from 1998 to 2008 the deadline by which the Secretary is required to dispose of high level radioactive waste or spent nuclear fuel which has been transferred to the Department of Energy under contract with generators or titleholders of such wastes.

A bill to amend the Low-Income Home Energy Assistance Act of 1981 to authorize appropriations for fiscal years 1987, 1988, and 1989 and to clarify the treatment under other laws, of home energy assistance payments and allowances provided under such Act.

United States · United States Congress · 17 March 1986

Amends the Low-Income Home Energy Assistance Act of 1981 to authorize home energy grants for FY 1987 through 1989. Deems the full amount of home energy assistance payments, regardless of whether made directly to a household or indirectly for its benefit, to be heating or cooling expenses for purposes of the excess shelter expense deduction under the Food Stamp Act of 1977.

Electric Generation and Industrial Energy Development Act of 1986

United States · United States Congress · 13 March 1986

Electric Generation and Industrial Energy Development Act of 1986 - Directs the Secretary of Energy to recommend to the Congress and the President: (1) actions to implement clean, cost-effective coal technologies in electric-generating facilities and domestic basic industries (such as steel and aluminum); and (2) administrative and regulatory actions (including financial assistance) to facilitate the use of clean-coal technologies. Establishes within the Department of Energy a Clean Coal Advisory Committee to advise the Secretary in formulating recommendations required by this Act.

Powerplant and Industrial Fuel Use Act Amendments of 1986

United States · United States Congress · 13 March 1986

Powerplant and Industrial Fuel Use Act Amendments of 1986 - Amends the Powerplant and Industrial Fuel Use Act of 1978 to repeal the prohibition against: (1) the use of natural gas or petroleum as a primary energy source in new electric powerplants; and (2) the construction of new electric powerplants which cannot use coal or other alternate fuels as a primary energy source.

Comprehensive Steel Technology Research and Development and Energy Conservation Act of 1986

United States · United States Congress · 13 March 1986

Comprehensive Steel Technology Research and Development and Energy Conservation Act of 1986 - Establishes a scientific research and development program to develop advanced steel manufacturing technologies and to increase energy efficiency in the steel industry. Directs the Secretary of Energy to develop and publish a plan to conduct such a research and development program as part of the Department of Energy's energy conservation programs. Sets forth provisions for protection of proprietary rights and for coordination within the Department of Energy. Directs the National Bureau of Standards (NBS), through its Institute for Materials Science and Engineering and in coordination with the Department of Energy, to conduct an expanded program of steel research in support of activities conducted under the plan. Provides for detail of personnel from other Federal agencies for purposes of this Act. Directs the Secretary, in consultation with the Director of NBS, to report annually through FY 1991 on the plan to the President and the Congress. Authorizes appropriations for FY 1987 through 1991 to the Secretary and to the Director of NBS to carry out this Act. Terminates this Act and all authority under this Act at the close of FY 1991.

Federal Radioactive Waste Liability Act of 1986

United States · United States Congress · 12 March 1986

Federal Radioactive Waste Liability Act of 1986 - Amends the Atomic Energy Act of 1954 to require the Secretary of Energy to enter into indemnification agreements with contractors regarding the transportation and disposal of radioactive waste to which the United States holds title. Requires such agreements to provide for the indemnification of persons against claims for public liability for nuclear incidents arising out of a contractual activity. Directs the Secretary to: (1) make certain indemnification payments out of the Nuclear Waste Fund; and (2) enter into specified borrowing terms with the Secretary of the Treasury for purposes of paying nuclear liability claims. Provides for Federal indemnification of a precautionary State activity undertaken as a result of a federally contracted radioactive waste disposal incident. (Defines such a precautionary activity as any action to evacuate the public in order to protect the public health and safety from a real or imminent danger.) Applies the waiver of specified defenses to indemnity agreements entered into by the Nuclear Regulatory Commission regarding radioactive waste to which the United States holds title.

A bill to authorize States to determine the level of funds allotted to a State under the Low-Income Home Energy Assistance Act of 1981 to be available for low-cost residential weatherization and other energy-related home repair projects for low-income households.

United States · United States Congress · 7 March 1986

Amends the Low-Income Home Energy Assistance Act of 1981 to eliminate the 15 percent cap on State expenditures for low-income residential weatherization and other energy-related repairs.

Alcohol Motor Fuel Act of 1986

United States · United States Congress · 6 March 1986

Alcohol Motor Fuel Act of 1986 - Directs the Secretary of Energy to: (1) establish an alcohol-blended fuels promotion program; (2) set alcohol motor fuel production goals for 1987 through 2000; and (3) prescribe the percentage of alcohol motor fuel required to be contained in gasoline sold by refiners for use as motor fuel. Imposes a civil penalty for non-compliance by any person who violates the Secretary's prescribed alcohol motor fuel percentages. Authorizes appropriations.

A joint resolution to designate March 21, 1986, as "National Energy Education Day".

United States · United States Congress · 27 February 1986

Designates March 21, 1986, as National Energy Education Day.

William F. Martin, of the District of Columbia, to be Deputy Secretary of Energy, vice Danny J. Boggs.

United States · United States Senate · 21 February 1986

David B. Waller, of the District of Columbia, to be an Assistant Secretary of Energy (International Affairs and Energy Emergencies), vice Jan W. Mares, resigned.

United States · United States Senate · 21 February 1986

Lake Tuscaloosa Preservation Act

United States · United States Congress · 20 February 1986

Lake Tuscaloosa Preservation Act - Prohibits the Federal Energy Regulatory Commission, after February 20, 1986, from issuing a permit, license, or exemption for hydroelectric power development at Lake Tuscaloosa, in Tuscaloosa County, Alabama.

Nuclear Waste Policy Improvement Act of 1986

United States · United States Congress · 19 February 1986

Nuclear Waste Policy Improvement Act of 1986 - Amends the Nuclear Waste Policy Act of 1982 to direct the Secretary of Energy to revise the guidelines regarding repository site recommendations to disqualify any site from development as a subsequent repository if any surface facility of such repository will be less than 20 miles from any component of the National Park System. Requires the Secretary to submit by a specified date any revisions made to the mission plan regarding the repository site program as a result of this Act.

Nuclear Facility Standardization Act of 1986

United States · United States Congress · 18 February 1986

Nuclear Facility Standardization Act of 1986 - Title I: Licensing and Regulatory Reform - Amends the Atomic Energy Act of 1954 to require the Nuclear Regulatory Commission to establish procedures for the approval of standardized facility designs and of any major subsystem of such a facility that represents a discrete element of it. Sets forth guidelines under which: (1) the Commission shall grant approval for such standardized designs; (2) modifications to design approvals may be made; (3) design approvals may be renewed; and (4) deviations from a license or approval may be made without prior Commission approval. States that the Commission's determination regarding the approval of construction or operating licenses (or permits) constitutes a final order under the Act. Requires the Commission to establish procedures to issue a site permit for approval of a site for production or utilization facilities. Sets forth guidelines under which the Commission shall issue a site permit. States that the Commission's determination regarding a site permit application constitutes a final order under the Act. Prescribes standards under which the Commission shall renew a site permit. Sets forth guidelines under which the Commission shall grant a construction permit or operating licenses for production or utilization facilities. States that for purposes of this Act a construction permit is a license. Requires the Commission to issue a construction and operating license to an applicant for a commercial production or utilization facility if the application contains sufficient information to enable the Commission to determine that there is reasonable assurance that the facility will be constructed and operated in compliance with prescribed standards. Directs the Commission to incorporate in the construction and operating license: (1) a phased-approval procedure for construction quality assurance; and (2) the procedures and criteria necessary to provide reasonable assurance that construction and operation will be in accordance with the license. Requires a licensed utility to notify the Commission of its readiness to operate the facility before it may begin operation. Requires the Commission to publish in the Federal Register a notice of such intended operation, and to provide a certain period during which written objections to the facility's operation may be filed on the basis that construction or operation will not be in conformity with the license. Prohibits the Commission from making any modifications once a construction or operating license (or permit) has been issued, unless the Commission finds that the modification would result in a substantial improvement in overall safety, and that for a production facility, the change is justified after specified factors have been considered. Requires the Commission to establish a centralized, systematic, and documented review process to evaluate proposed changes. States that proposed changes may only be made effective after the Commission has issued a rule or an amendment to the license. (Exempts changes affecting the public health or safety from such requirement). Title II: Conforming Amendments - Precludes from judicial review: (1) a decision by the Advisory Committee on Reactor Safeguards to review or fail to review an application or proposed amendment or renewal of a design approval; and (2) a Commission decision to refer or not refer an application to such Advisory Committee.

Federal Nuclear Facilities Insurance and Liability Act of 1986

United States · United States Congress · 18 February 1986

Federal Nuclear Facilities Insurance and Liability Act of 1986 - Amends the Atomic Energy Act of 1954 to direct (current law authorizes) the Nuclear Regulatory Commission to enter into indemnification agreements with contractors regarding production or utilization facilities involving activities under the risk of public liability for a substantial nuclear incident. States that such agreements shall not limit the amount indemnified. Requires the Secretary of Energy to: (1) recover from contractors whose gross negligence or willful misconduct contributed to a nuclear incident or precautionary evacuation the proportional share of the amount paid by the Federal Government to satisfy the resulting claims; and (2) enter into agreements indemnifying Federal contractors for public liability resulting from a nuclear incident or precautionary evacuation while engaged in nuclear waste disposal, storage, or transportation. Extends from three years to five years the period in which a claimant may discover injuries caused by a nuclear occurrence. Eliminates the 20-year statute of limitations period in which to bring a claim for injuries caused by a nuclear incident. Includes within the purview of indemnification agreements the theft or diversion of radioactive material. Directs the Secretary of Energy to compensate public liability claims arising out of theft or diversion.

A resolution expressing the Senate's opposition to the imposition of a fee on imported oil and refined petroleum products.

United States · United States Congress · 6 February 1986

Declares that it is the sense of the Senate that neither the President nor the Congress should impose fees on imported crude oil and refined petroleum products.

A bill to amend the Internal Revenue Code of 1954 to extend the energy investment credit for geothermal property until July 31, 1986.

United States · United States Congress · 3 February 1986

Amends the Internal Revenue Code to extend the energy investment tax credit for geothermal property from December 31, 1985, until July 31, 1986.

Nuclear Waste Policy Improvement Act of 1986

United States · United States Congress · 30 January 1986

Nuclear Waste Policy Improvement Act of 1986 - Amends the Nuclear Waste Policy Act of 1982 to direct the Nuclear Regulatory Commission to disqualify any nuclear storage site from development as a second or subsequent repository if any surface facility of such repository will be less than 400 miles from a monitored retrievable storage facility.

Nuclear Waste Policy Improvement Act of 1986

United States · United States Congress · 30 January 1986

Nuclear Waste Policy Improvement Act of 1986 - Amends the Nuclear Waste Policy Act of 1982 to direct the Nuclear Regulatory Commission to disqualify any nuclear storage site from development as a second or subsequent repository if any surface facility of such repository will be less than 400 miles from a monitored retrievable storage facility.

An original resolution authorizing expenditures by the Committee on Energy and Natural Resources.

United States · United States Congress · 29 January 1986

Authorizes the Senate Committee on Energy and Natural Resources, from March 1, 1986, through February 28, 1987, to: (1) make expenditures from the contingent fund; (2) employ personnel; (3) procure consultant services; and (4) provide training for its professional staff.

A bill to amend the Internal Revenue Code of 1954 to extend the residential and business energy credits with respect to solar property until August 1, 1986, and for other purposes.

United States · United States Congress · 23 January 1986

Amends the Internal Revenue Code to extend the termination date of the residential energy tax credit for solar property from December 31, 1985, to July 31, 1986. Sets forth definitions and special rules for solar property during such extension period. Extends the energy investment tax credit for solar energy property from December 31, 1985, to July 31, 1986. Sets forth special rules for solar property eligible for such credit during such extension period.