H.R. 1414 · 100th Congress · enacted
Price-Anderson Amendments Act of 1988
Became Public Law No: 100-408.
Latest official action 1988-08-20 · Enacted
The bill, briefly
Price-Anderson Amendments Act of 1987 - Amends the Atomic Energy Act of 1954 to provide that the amount of financial protection required of licensees of facilities having a rated capacity of 100,000 electrical kilowatts or more shall be the maximum amount available at reasonable cost. Increases from $5,000,000 to $63,000,000 the maximum standard deferred premium amount which may be charged following any nuclear incident. Limits such amount to $10,000,000 in any one year. Eliminates the Nuclear Regulatory Commission's (NRC) authority to: (1) establish a maximum amount of deferred premiums that may be charged for all nuclear incidents in any one year; and (2) charge some utilities smaller deferred premiums than others. Authorizes the NRC, on a case by case basis, to assess annual deferred premium amounts less than the standard annual deferred premium for: (1) any facility, if more than one nuclear incident occurs in any one calendar year; or (2) any licensee licensed to operate more than one facility if the NRC determines that the financial impact of assessing the standard annual deferred premium would result in undue financial hardship to such licensee or to the ratepayers of such licensee. Establishes procedures to be followed by the NRC in borrowing funds from the Treasury to compensate victims of a nuclear incident. Extends the NRC's authority to enter into indemnification a…
Congressional Research Service · 1987-03-04
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.