Price–Anderson Nuclear Industries Indemnity Act
E48723
The Price–Anderson Nuclear Industries Indemnity Act is a U.S. federal law that establishes a liability and insurance framework to compensate the public in the event of nuclear power accidents while limiting the financial exposure of nuclear industry operators.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
→
nuclear liability law → |
| administeredBy |
Department of Energy
→
Nuclear Regulatory Commission → |
| appliesTo |
Department of Energy nuclear contractors
→
commercial nuclear power plants → nuclear fuel cycle facilities → nuclear incidents involving radioactive material → |
| appliesToEvent |
extraordinary nuclear occurrence
→
|
| country |
United States
→
|
| creates |
federal government indemnification for certain nuclear activities
→
federal nuclear incident liability framework → primary private insurance layer for nuclear operators → secondary retrospective premium layer funded by nuclear licensees → |
| criticizedFor |
limiting the potential liability of nuclear operators
→
shifting some nuclear accident risk to taxpayers → |
| defines |
extraordinary nuclear occurrence
→
|
| enactedBy |
United States Congress
→
|
| feature |
authorizes Congress to provide additional compensation beyond statutory limits
→
caps aggregate industry financial liability for a single nuclear incident → channels liability for nuclear incidents exclusively to the nuclear operator → consolidates nuclear incident claims in federal court → preempts most state tort law for covered nuclear incidents → provides for no-fault public compensation for nuclear incidents → requires nuclear operators to maintain a specified level of private insurance → |
| hasComponent |
federal indemnification for DOE contractors
→
primary financial protection → secondary financial protection → |
| hasEffect |
centralizes nuclear incident liability in a single federal framework
→
encourages private insurance market participation in nuclear risk coverage → limits the need for individual nuclear operators to self-insure catastrophic risks → provides a predictable maximum liability exposure for nuclear licensees → |
| influenced |
international nuclear liability regimes
→
|
| jurisdiction |
United States federal government
→
|
| legalArea |
energy law
→
environmental law → tort law → |
| purpose |
to ensure prompt and equitable compensation to the public after nuclear accidents
→
to establish a system of financial protection for the public in case of nuclear incidents → to limit the liability of nuclear facility operators for nuclear incidents → |
| relatedTo |
nuclear accident compensation
→
nuclear industry risk management → nuclear power safety regulation in the United States → |
| signedBy |
Dwight D. Eisenhower
→
|
| supportedFor |
ensuring availability of compensation funds for nuclear accidents
→
facilitating development of commercial nuclear power → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Atomic Energy Act of 1954
→
|
influenced |