Price-Anderson Act Coverage
In 1957, Congress enacted the Price-Anderson Act (PAA) as an amendment to the Atomic Energy Act of 1954 (AEA), 42 U.S.C. 2011 et seq., to encourage the development of the nuclear industry and to ensure prompt and equitable compensation in the event of a nuclear incident. Specifically, the PAA establishes a system of financial protection for persons who may be liable for and persons who may be injured by a nuclear incident. With respect to activities conducted for the U.S.