Price-Anderson Amendments Act of 1986

Summary

Price-Anderson Amendments Act of 1985 - Amends the Atomic Energy Act of 1954 to provide that the amount of financial protection required of licensees of facilities having a rated capacity of 100,000 electrical kilowatts or more shall be the maximum amount available at reasonable cost or $200,000,000, whichever amount is more. Increases from $5,000,000 to $100,000,000 the maximum standard deferred premium amount which may be charged following any nuclear incident. Limits such amount to $10,000,000 in any one year. Sets guidelines for the maximum aggregate liability of indemnified persons for a single nuclear incident. Provides that in the event the President determines that the amount of public liability following a nuclear incident exceeds the guideline amounts, the President shall establish a nuclear incident compensation commission with exclusive jurisdiction to adjudicate public liability claims. Directs the Nuclear Regulatory Commission (NRC) to adjust the amount of financial protection required of licensees at least once every five years following the date of enactment of this Act. Extends from 20 to 30 years the statue of limitations for actions arising out of an extraordinary nuclear incident and the resulting waiver of defenses. Repeals the guidelines established for indemnity payments when a Federal district court determines that public liability for a single nuclear incident may exceed certain liability limits. Provides rights of subrogation for certain indemnitors if a nuclear incident at a facility resulted from willful or wanton conduct of a director or executive officer. Requires the NRC and the Secretary of Energy to: (1) submit a detailed report to the Congress by August 1, 1993, regarding liability and indemnification procedures; and (2) submit an annual report by April of each year regarding indemnification activities during the previous calendar year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

• Reported to House amended, Part III

  summary · EN · 9 September 1986

  Open at official source

• Reported to House amended, Part II

  summary · EN · 5 August 1986

  Open at official source

• Reported to House amended, Part I

  summary · EN · 12 June 1986

  Open at official source

• Introduced in House

  summary · EN · 30 October 1985

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.