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 Price-Anderson Nuclear Industries Indemnity Act

The Price-Anderson Nuclear Industries Indemnity Act (commonly called the Price-Anderson Act) is a United States federal law, first passed in 1957 and since renewed several times, which governs liability-related issues for all non-military nuclear facilities constructed in the United States before 2026. The main purpose of the Act is to partially compensate the nuclear industry against liability claims arising from nuclear incidents while still ensuring compensation coverage for the general public. The Act establishes a no fault insurance-type system in which the first approximately $12.6 billion (as of 2011) is industry-funded as described in the Act. Any claims above the $12.6 billion would be covered by a Congressional mandate to retroactively increase nuclear utility liability or would be covered by the federal government. At the time of the Act's passing, it was considered necessary as an incentive for the private production of nuclear power — this was because electric utilities viewed the available liability coverage (only $60 million) as inadequate.

In 1978, the Act survived a constitutional challenge in the Supreme Court case Duke Power Co. v. Carolina Environmental Study Group (see below). The Act was last renewed in 2005 for a 20-year period.

Price-Anderson Act
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        acts of congress
          1957 price‑anderson nuclear industries indemnity

Acts Of Congress:
          1933 bank act
          1948 smith‑mundt
          1957 price‑anderson nuclear industries indemnity
          1973 endangered species
          2005 real id
          2006 military commissions
          affordable care
          animal enterprise terrorism
          defense authorization
          freedom of information
          patriot act