A bill to amend the Atomic Energy Act of 1954 to require licensees and contractors to accept greater financial responsibilities.

[AI summary unavailable — showing source text] Disallows the insertion of limitation of liability clauses in contracts granted to licensees for the purpose of distribution of special nuclear material, or the limitation of the liability of such contractors and licensees by the United States. Requires prospective licensees to, as a condition of receiving a license, have and maintain financial protection to cover public liability claims. Authorizes the Atomic Energy Commission to enter into agreements of indemnification in such amounts determined by the Commission to be appropriate to cover public liability resulting from activities under contracts for the benefit of the United States involving a risk of public liability from a substantial nuclear incident. Provides that a contractor engaged in the underground detonation of a nuclear device shall, to the extent indemnified under this Act, be liable to the same extent as would a private person acting as principal, and no immunity or defense founded on the Federal, State, or municipal character of the contractor or the work to be performed shall be effective to bar such liability. States that the Commission shall use, to the maximum extent practicable, the facilities and services of…