Page:United States Statutes at Large Volume 102 Part 2.djvu/70

 102 STAT. 1074

PUBLIC LAW 100-408—AUG. 20, 1988

SEC. 8. DATE OF EXEMPTION FROM FINANCIAL PROTECTION REQUIREMENT.

Section 170 k. of the Atomic Energy Act of 1954 (42 U.S.C. 2210(k)) is amended— (1) by striking "August 1, 1987" each place it appears and inserting "August 1, 2002"; and (2) by striking "excluding cost of investigating and settling claims and defending suits for damage;" in paragraph (1) and inserting "including such legal costs of the licensee as are approved by the Commission;". SEC. 9. PRESIDENTIAL ACCIDENTS.

COMMISSION

ON

CATASTROPHIC NUCLEAR

Section 170 of the Atomic Energy Act of 1954 (42 U.S.C. 2210) is amended by striking subsection 1. and inserting the following: "(1)

Reports.

PRESIDENTIAL COMMISSION ON CATASTROPHIC NUCLEAR AC-

CIDENTS.—(1) Not later than 90 days after the date of the enactment of the Price-Anderson Amendments Act of 1988, the President shall establish a commission (in this subsection referred to as the 'study commission') in accordance with the Federgd Advisory Committee Act (5 U.S.C. App.) to study means of fully compensating victims of a catastrophic nuclear accident that exceeds the amount of aggregate public liability under subsection e. (1). "(2)(A) The study commission shall consist of not less than 7 and not more than 11 members, who— "(i) shall be appointed by the President; and "(ii) shall be representative of a broad range of views and interests. "(B) The members of the study commission shall be appointed in a manner that ensures that not more than a mere majority of the members are of the same political party. "(C) Each member of the study commission shall hold office until the termination of the study commission, but may be removed by the President for inefficiency, neglect of duty, or malfeasance in office. "(D) Any vacancy in the study commission shall be filled in the manner in which the original appointment was made. "(E) The President shall designate one of the members of the study commission as chairperson, to serve at the pleasure of the President. "(3) The study commission shall conduct a comprehensive study of appropriate means of fully compensating victims of a catastrophic nuclear accident that exceeds the amount of aggregate public liability under subsection e. (1), and shall submit to the Congress a final report setting forth— "(A) recommendations for any changes in the laws and rules governing the liability or civil procedures that are necessary for the equitable, prompt, and efficient resolution and payment of all valid damage cledms, including the advisability of adjudicating public liability claims through an administrative agency instead of the judicial system; "(B) recommendations for any standards or procedures that are necessary to establish priorities for the hearing, resolution, and payment of claims when awards are likely to exceed the amount of funds available within a specific time period; and

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