S. 1653, The Convention on Supplementary Compensation for Nuclear Damage Contingent Cost Allocation Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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S. 1653 would implement the Convention on Supplementary Compensation for Nuclear Damage.

Detailed Summary

Convention on Supplementary Compensation for Nuclear Damage Contingent Cost Allocation Act - Declares that certain funds designated to provide indemnification under the Atomic Energy Act of 1954 (Price-Anderson Act) shall be used to cover the contingent cost resulting from any nuclear incident for which such funds would be available to compensate for public liability (Price-Anderson incident).

States that certain funds made available to the United States under the Convention on Supplementary Compensation for Nuclear Damage shall be used to satisfy public liability resulting from a Price-Anderson incident.

Requires participation by each nuclear supplier in a retrospective risk pooling program to cover the contingent cost resulting from a nuclear incident outside the United States that is not a Price-Anderson incident.

Requires the Secretary of Energy to report to Congress every five years on whether there is a need for continuation or amendment of this Act.

Status of the Legislation

Latest Major Action: 6/19/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Environment and Public Works.

Points in Favor

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Points Against

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