S.1225: a Bill to amend the Atomic Energy Act of 1954. Introduced in the Senate of the United States, Ninety-Ninth Congress, First Session, May 24, 1985

The Price-Anderson Act Amendments Act of 1985 (S.1225) amends the Atomic Energy Act of 1954 by incorporating past experiences and new developments into a fair and efficient system for compensating the public when there is an accident involving nuclear materials. Licensees under the Nuclear Regulatory Commission must carry liability insurance only to the extent that private sources can provide, although large nuclear power plants can combine financial protection from a variety of self-insurance and external sources. The bill describes a retrospective rating plan for allocating premiums and procedures for deferring premiums. There are provisions for compensation in the event of liabilities incurred during periods of storage, transfer, or disposal of spent nuclear fuel. No more than $100 million will be available in the compensation for incidents outside the US. If enacted, the indemnification period extends from August 30, 1954 to August 1, 2012