A bill to amend the Atomic Energy Act of 1954, as amended, to revise the method of producing for public remuneration in the event of a nuclear incident.

Summary

Revises, under the Atomic Energy Act, the method of providing for public remuneration in the event of a nuclear incident. Revises the term "nuclear incident": (1) with respect to indemnification agreements for construction or operation of production or utilization facilities, to include any occurrence outside the United States involving source, special nuclear or byproduct material owned by and used by, or under contract with, the United States; and (2) with respect to indemnification from public liability in excess of the level of financial protection, to include any occurrence outside the United States or any other nation arising out of the hazardous properties of certain source, special nuclear or byproduct material which is used in operating a licensed stationary facility and which moves outside the territorial United States during transit. Revises the term "person indemnified" to include incidents occurring outside the United States in the provision for indemification from public liability in excess of the level of financial protection. Sets forth additional provisions with respect to those facilities required to maintain the maximum amount of financial protection available from private sources. Directs the Atomic Energy Commission in determining the maximum amount of financial protection available to include private liability insurance available under an industry retrospective rating plan providing for premium charges deferred in whole or major part until public liability from a nuclear incident exceeds or appears likely to exceed the level of the primary financial protection required. Extends until August 1, 1987, the provisions governing indemnification from public liability in excess of the level of financial protection. Revises the provision under which the Commission is authorized to collect fees from facilities for indemnification. Revises the provisions which require the Commission to conduct a survey of the causes and extent of damage attributable to a nuclear incident. Extends until August 1, 1987, the provision which sets forth the exemption from the financial protection requirement. Requires the Commission to report to Congress, by August 1, 1983, on the need for continuation or modification of the provisions governing indemnification and limitation of liability.

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Documents

2 official files

• Indefinitely postponed in Senate

  summary · EN · 16 December 1975

  Open at official source

• Introduced in Senate

  summary · EN · 28 October 1975

  Open at official source

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