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Tag: price-anderson act

Congress votes on Price-Anderson Act extension

March 22, 2024, 1:39PMNuclear News

A minibus appropriations bill—the second produced this month by Congress—emerged from conference negotiations yesterday with language that would extend the Price-Anderson Act—legislation first enacted in 1954 that makes it possible for nuclear power producers to seek insurance from the private marketplace. Today the House of Representatives voted 286–134 to approve the minibus package of six fiscal year 2024 appropriations bills, and the Senate is expected to vote today, too. By extending the Price-Anderson Act—now set to expire in 2025—Congress can support the current U.S. power reactor fleet and pave the way for new reactor deployments.

Bipartisan support launches pronuclear bill from Congress

March 6, 2024, 8:29AMNuclear News

A bipartisan group of lawmakers passed legislation from the U.S. House of Representatives this week in support of nuclear energy production.

H. R. 6544 emerged from the chamber following a 365–36 vote. The legislation would speed up environmental reviews for new nuclear projects and reduce fees for advanced nuclear reactor licenses. It would also update the Price-Anderson Act, which limits the industry’s legal liability for nuclear accidents, by extending it for 40 years as well as increasing the indemnity coverage—changes advocated for by the American Nuclear Society in recent position statement updates.