Omnibus Nuclear Safety Act of 1986

[AI summary unavailable — showing source text] Omnibus Nuclear Safety Act of 1986 - Title I: Establishment of Agency - Establishes as an independent regulatory agency the Nuclear Regulation and Safety Agency (the Agency) to succeed the Nuclear Regulatory Commission (NRC). States that such Agency shall be administered by a Director and Deputy Director. Establishes in such Agency the Office of Inspector General of the Nuclear Regulation and Safety Agency. Transfers to such Office from the Nuclear Regulatory Commission the Office of Inspector and Auditor. Establishes within the Agency the Nuclear Safety Board whose members shall report to the Director of the Agency. Authorizes the Board to independently evaluate and report on abnormal occurrences within its purview. Requires the Board to report annually to the President and the Congress. Abolishes the Nuclear Regulatory Commission. Provides for the transfer and allocation of appropriations and personnel from the NRC to the Agency. Title II: Siting and Licensing - Amends the Atomic Energy Act of 1954 to prescribe procedural guidelines under which: (1) the Agency shall issue construction permits and operating licenses; (2) the Agency Director shall issue permits for site approval fo…