S 1225 · 99th Congress · Energy
Price-Anderson Act Amendments Act of 1985
Bill Progress
1
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Energy and Natural Resources received executive comment from Justice Department.(1986-09-10)
Plain Language Summary
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Price-Anderson Act Amendments Act of 1985 - Amends the Atomic Energy Act of 1954 to extend (from December 31, 1976, to 12 months after the date of enactment of this Act) the deadline by which the Nuclear Regulatory Commission (NRC) must prescribe the terms for licensees required to maintain financial protection to cover public liability claims. Increases: (1) from $2,000,000 to $10,000,000 the minimum standard deferred premium which may be charged following any nuclear incident: and (2) from $5,000,000 to $15,000,000 the maximum standard deferred premium which may be charged following such an incident for each facility required to maintain the maximum amount of financial protection. Directs the NRC to include in its determination of the maximum amount of liability insurance available to licensees from private sources the sum of funds generated by assessing a fee of up to one mil per kilowatt hour on electricty generated and sold by each licensed civilian nuclear power reactor. Authorizes the NRC to collect such fee from all civilian nuclear power reactor licensees, on all electricity generated and sold by such licensees following a nuclear incident, upon determining that public lia…
Summarized by Claude AI · Non-partisan · For informational purposes only