Nuclear Waste Regulation Act

[AI summary unavailable — showing source text] Nuclear Waste Regulation Act - Amends the Energy Reorganization Act of 1974 to revise the list of the types of Energy Research and Development Administration (ERDA) facilities over which the Nuclear Regulatory Commission (NRC) has licensing and related regulatory authority. Authorizes the President to exempt an ERDA facility which is subject to NRC authority from licensing requirements upon finding that an exemption is in the national security interest and notifying the NRC. Sets forth procedures for licensing facilities newly subjected to regulatory authority by this Act. Amends the definition of "by product material" in the Atomic Energy Act of 1954 to include naturally occuring daughters of uranium and thorium found in the tailings or wastes produced by the extraction or concentration of uranium or thorium from source material. Authorizes the establishment of standards and instructions necessary to insure that funds will be made available by a nuclear license to permit the completion of all requirements for the decommissioning, decontamination, and reclamation and long-term care of sites, structures, and equipment used in conjunction with activities or materials licensed under t…