In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rural Entrepreneur and 
Microenterprise Assistance Act''.

SEC. 2. RURAL ENTREPRENEUR AND MICROENTERPRISE ASSISTANCE PROGRAM.

    Subtitle D of the Consolidated Farm and Rural Development Act is 
amended by inserting after section 364 (7 U.S.C. 2006f) the following:

``SEC. 365. RURAL ENTREPRENEUR AND MICROENTERPRISE ASSISTANCE PROGRAM.

    ``(a) Definitions.--In this section:
            ``(1) Economically disadvantaged microentrepreneur.--The 
        term `economically disadvantaged microentrepreneur' means an 
        owner, majority owner, or developer of a microenterprise that 
        has the ability to compete in the private sector but has been 
        impaired because of diminished capital and credit 
        opportunities, as compared to other microentrepreneurs in the 
        industry.
            ``(2) Indian tribe.--The term `Indian tribe' has the 
        meaning given the term in section 4 of the Indian Self-
        Determination and Education Assistance Act (25 U.S.C. 450b).
            ``(3) Intermediary.--The term `intermediary' means a 
        private, nonprofit entity that provides assistance--
                    ``(A) to a microenterprise development 
                organization; or
                    ``(B) for a microenterprise development program.
            ``(4) Low-income individual.--The term low-income 
        individual means an individual with an income (adjusted for 
        family size) of not more than the greatest of--
                    ``(A) 80 percent of median income of an area;
                    ``(B) 80 percent of the statewide non-metropolitan 
                area median income; or
                    ``(C) 80 percent of the national median income.
            ``(5) Microcredit.--The term `microcredit' means a business 
        loan or loan guarantee of not more than $50,000 that is 
        provided to a rural entrepreneur.
            ``(6) Microenterprise.--The term `microenterprise' means--
                    ``(A) a sole proprietorship; or
                    ``(B) a business entity with not more than 10 full-
                time-equivalent employees.
            ``(7) Microenterprise development organization.--
                    ``(A) In general.--The term `microenterprise 
                development organization' means a private, nonprofit 
                entity that--
                            ``(i) provides training and technical 
                        assistance to rural entrepreneurs; and
                            ``(ii) facilitates access to capital or 
                        another service described in subsection (b) for 
                        rural entrepreneurs.
                    ``(B) Inclusions.--The term `microenterprise 
                development organization' includes an organization 
                described in subparagraph (A) with a demonstrated 
                record of delivering services to economically 
                disadvantaged microentrepreneurs, or an effective plan 
                to develop a program to deliver microenterprise 
                services to rural entrepreneurs effectively, as 
                determined by the Secretary.
            ``(8) Microenterprise development program.--The term 
        `microenterprise development organization' means a program 
        administered by an organization serving a rural area.
            ``(9) Microentrepreneur.--The term `microentrepreneur' 
        means the owner, operator, or developer of a microenterprise.
            ``(10) Program.--The term `program' means the rural 
        entrepreneur and microenterprise program established under 
        subsection (b)(1).
            ``(11) Qualified organization.--The term `qualified 
        organization' means--
                    ``(A) a microenterprise development organization or 
                microenterprise development program that has a 
                demonstrated record of delivering microenterprise 
                services to rural entrepreneurs, or an effective plan 
                to develop a program to deliver microenterprise 
                services to rural entrepreneurs effectively, as 
                determined by the Secretary.
                    ``(B) an intermediary that has a demonstrated 
                record of delivery assistance to microenterprise 
                development organizations or microenterprise 
                development programs;
                    ``(C) a microenterprise development organization or 
                microenterprise development program that serves rural 
                entrepreneurs;
                    ``(D) an Indian tribe, the tribal government of 
                which certifies to the Secretary that no 
                microenterprise development organization or 
                microenterprise development program exists under the 
                jurisdiction of the Indian tribe;
                    ``(E) a group of 2 or more organizations or Indian 
                tribes described in any of subparagraphs (A) through 
                (D) that agree to act jointly as a qualified 
                organization under this section; or
                    ``(F) for purposes of subsection (b), a public 
                college or university.
            ``(12) Rural area.--The term `rural area' means any 
        community that is rural in character and has a population of 
        not more than 25,000 individuals.
            ``(13) Rural capacity building service.--The term `rural 
        capacity building service' means a service provided to an 
        organization that--
                    ``(A) is, or is in the process of becoming, a 
                microenterprise development organization or 
                microenterprise development program; and
                    ``(B) serves rural areas for the purpose of 
                enhancing the ability of the organization to provide 
                training, technical assistance, and other related 
                services to rural entrepreneurs.
            ``(14) Rural entrepreneur.--The term `rural entrepreneur' 
        means a microentrepreneur, or prospective microentrepreneur--
                    ``(A) the principal place of business of which is 
                in a rural area; and
                    ``(B) that is unable to obtain sufficient training, 
                technical assistance, or microcredit elsewhere, as 
                determined by the Secretary.
            ``(15) Secretary.--The term `Secretary' means the Secretary 
        of Agriculture, acting through the Rural Business-Cooperative 
        Service.
            ``(16) Tribal government.--The term `tribal government' 
        means the governing body of an Indian tribe.
    ``(b) Rural Entrepreneurship and Microenterprise Program.--
            ``(1) Establishment.--The Secretary shall establish a rural 
        entrepreneurship and microenterprise program.
            ``(2) Purpose.--The purpose of the program shall be to 
        provide low-income individuals and moderate-income individuals 
        with--
                    ``(A) the skills necessary to establish new small 
                businesses in rural areas; and
                    ``(B) continuing technical and financial assistance 
                as individuals and business starting or operating small 
                businesses.
            ``(3) Grants.--
                    ``(A) In general.--The Secretary may make a grant 
                under the program to a qualified organization--
                            ``(i) to provide training, operational 
                        support, or a rural capacity building service 
                        to a qualified organization to assist the 
                        qualified organization in developing 
                        microenterprise training, technical assistance, 
                        market development assistance, and other 
                        related services, primarily for business with 5 
                        or fewer full-time-equivalent employees;
                            ``(ii) to assist in researching and 
                        developing the best practices in delivering 
                        training, technical assistance, and microcredit 
                        to rural entrepreneurs; and
                            ``(iii) to carry out such other projects 
                        and activities as the Secretary determines to 
                        be consistent with the purposes of this 
                        section.
                    ``(B) Subgrants.--Subject to such regulations as 
                the Secretary may promulgate, a qualified organization 
                that receives a grant under this paragraph may use the 
                grant to provide assistance to other qualified 
                organizations, such as small or emerging qualified 
                organizations.
                    ``(C) Diversity.--In making grants under this 
                paragraph, the Secretary shall ensure, to the maximum 
                extent practicable, that grant recipients include 
                qualified organizations--
                            ``(i) of varying sizes; and
                            ``(ii) that serve racially- and ethnically-
                        diverse populations.
                    ``(D) Cost sharing.--
                            ``(i) Federal share.--The Federal share of 
                        the cost of a project carried out using funds 
                        from a grant made under this paragraph shall be 
                        75 percent.
                            ``(ii) Form of non-federal share.--The non-
                        Federal share of the cost of a project 
                        described in clause (i) may be provided--
                                    ``(I) in cash (including through 
                                fees, grants (including community 
                                development block grants), and gifts); 
                                or
                                    ``(II) in kind.
            ``(4) Rural microloan program.--
                    ``(A) Establishment.--In carrying out the program, 
                the Secretary may carry out a rural microloan program.
                    ``(B) Purpose.--The purpose of the rural microloan 
                program shall be to provide technical and financial 
                assistance to sole proprietorships and small businesses 
                located in rural areas with a particular focus on those 
                businesses with 5 or fewer full-time equivalent 
                employees.
                    ``(C) Authority of secretary.--In carrying out the 
                rural microloan program, the Secretary may--
                            ``(i) make direct loans to qualified 
                        organizations for the purpose of making short-
                        term, fixed interest rate microloans to 
                        startup, newly established, and growing rural 
                        microbusiness concerns; and
                            ``(ii) in conjunction with those loans, 
                        provide grants in accordance with subparagraph 
                        (E) to those qualified organizations for the 
                        purpose of providing intensive marketing, 
                        management, and technical assistance to small 
                        business concerns that are borrowers under this 
                        paragraph.
                    ``(D) Loan duration; interest rates; conditions.--
                            ``(i) Loan duration.--A loan made by the 
                        Secretary under this paragraph shall be for a 
                        term of 20 years.
                            ``(ii) Applicable interest rates.--A loan 
                        made by the Secretary under this paragraph to a 
                        qualified organization shall bear an annual 
                        interest rate of at least 1 percent.
                            ``(iii) Deferral of interest and 
                        principal.--The Secretary may permit the 
                        deferral of payments, for principal and 
                        interest, on a loan made under this paragraph 
                        for a period of not more than 2 years, 
                        beginning on the date on which the loan was 
                        made.
                    ``(E) Grant amounts.--
                            ``(i) In general.--Except as otherwise 
                        provided in this section, each qualified 
                        organization that receives a loan under this 
                        paragraph shall be eligible to receive a grant 
                        to provide marketing, management, and technical 
                        assistance to small business concerns that are 
                        borrowers or potential borrowers under this 
                        subsection.
                            ``(ii) Maximum amount of grant for 
                        microenterprise development organizations.--
                        Each microenterprise development organization 
                        that receives a loan under this paragraph shall 
                        receive an annual grant in an amount equal to 
                        not more than 25 percent of the total 
                        outstanding balance of loans made to the 
                        microenterprise development organization under 
                        this paragraph, as of the date of provision of 
                        the grant.
                            ``(iii) Matching requirement.--
                                    ``(I) In general.--As a condition 
                                of any grant made to a qualified 
                                organization under this subparagraph, 
                                the Secretary shall require the 
                                qualified organization to match not 
                                less than 15 percent of the total 
                                amount of the grant.
                                    ``(II) Sources.--In addition to 
                                cash from non-Federal sources, a 
                                matching share provided by the 
                                qualified organization may include 
                                indirect costs or in-kind contributions 
                                funded under non-Federal programs.
    ``(c) Administrative Expenses.--Not more than 10 percent of 
assistance received by a qualified organization for a fiscal year under 
this section may be used to pay administrative expenses.
    ``(d) Funding.--
            ``(1) In general.--Not later than 30 days after the date of 
        enactment of this Act, and on October 1, 2008, and each October 
        1 thereafter through October 1, 2012, out of any funds in the 
        Treasury not otherwise appropriated, the Secretary of the 
        Treasury shall transfer to the Secretary to carry out this 
        section $50,000,000, to remain available until expended.
            ``(2) Allocation of funds.--Of the amount made available by 
        paragraph (1) for each fiscal year--
                    ``(A) not less than $30,000,000 shall be available 
                for use in carrying out subsection (b)(3); and
                    ``(B) not less than $20,000,000 shall be available 
                for use in carrying out subsection (b)(4), of which not 
                more than $7,000,000 shall be used to support direct 
                loans.
                    ``(C) Receipt and acceptance.--The Secretary shall 
                be entitled to receive, shall accept, and shall use to 
                carry out this section the funds transferred under 
                paragraph (1), without further appropriation.''.

Answer: Rural Entrepreneur and Microenterprise Assistance Act - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a rural entrepreneur and microenterprise (sole proprietorship or business entity with not more than 10 full-time employees) program to help low- and moderate- income individuals acquire: (1) necessary skills to establish small rural businesses; and (2) technical and financial assistance.

Authorizes the Secretary to carry out a related rural microloan program to provide technical and financial assistance to sole proprietorships and small rural businesses with a particular focus on businesses with five or fewer full-time employees.


Question: SEC. 1. SHORT TITLE.

    This Act may be cited as the ``Community Partnerships Against Crime 
Act'', or ``COMPAC''.

SEC. 2. COMMUNITY PARTNERSHIPS AGAINST CRIME.

    (a) Conforming Provisions.--(1) Section 5001 of the Anti-Drug Abuse 
Act of 1988 is amended--
            (A) by striking

      ``Chapter 2--Public and Assisted Housing Drug Elimination''

        and inserting in lieu thereof the following:

          ``Chapter 2--Community Partnerships Against Crime'';

            (B) by striking ``Congressional findings.'' and 
            inserting in lieu thereof the following: 
            ``Purposes.''; and
            (C) by adding after

``Sec. 5130. Authorization of appropriations.''
        the following:

``Sec. 5131. Technical assistance.''.
    (2) The heading for chapter 2 of subtitle C of title V of the Anti-
Drug Abuse Act of 1988 is amended to read as follows:

          ``CHAPTER 2--COMMUNITY PARTNERSHIPS AGAINST CRIME''.

    (b) Short Title, Purposes, and Authority To Make Grants.--Sections 
5121, 5122, and 5123 of the Public and Assisted Housing Drug 
Elimination Act of 1990 are amended to read as follows:

``SEC. 5121. SHORT TITLE.

    ``This chapter may be cited as the `Community Partnerships Against 
Crime Act of 1993'.

``SEC. 5122. PURPOSES.

    ``The purposes of this chapter are to--
            ``(1) substantially expand and enhance the Federal 
        Government's commitment to eliminating crime in public housing;
            ``(2) broaden the scope of the Public and Assisted Housing 
        Drug Elimination Act of 1990 to apply to all types of crime, 
        and not simply crime that is drug-related;
            ``(3) target opportunities for long-term commitments of 
        funding primarily to public housing agencies with serious crime 
        problems;
            ``(4) encourage the involvement of a broad range of 
        community-based groups, and residents of neighboring housing 
        that is owned or assisted by the Secretary, in the development 
        and implementation of anti-crime plans;
            ``(5) reduce crime and disorder in and around public 
        housing through the expansion of community-oriented policing 
        activities and problem solving;
            ``(6) provide training, information services, and other 
        technical assistance to program participants; and
            ``(7) establish a standardized assessment system to 
        evaluate need among public housing agencies, and to measure 
        progress in reaching crime reduction goals.

``SEC. 5123. AUTHORITY TO MAKE GRANTS.

    ``The Secretary of Housing and Urban Development, in accordance 
with the provisions of this chapter, may make grants, for use in 
eliminating crime in and around public and other federally assisted 
low-income housing projects (1) to public housing agencies (including 
Indian housing authorities) and (2) using amounts appropriated for 
fiscal year 1994 only, to private, for-profit and nonprofit owners of 
federally assisted low-income housing. In designing the program, the 
Secretary shall consult with the Attorney General.''.
    (c) Eligible Activities.--Section 5124 of such Act is amended--
            (1) by striking ``(a) Public and Assisted Housing.--'';
            (2) by inserting in the introductory material, immediately 
        after ``used in'', the following: ``and around'';
            (3) in paragraph (3), by inserting immediately before the 
        semicolon the following: ``, such as fencing, lighting, 
        locking, and surveillance systems'';
            (4) by striking paragraph (4)(A) and inserting in lieu 
        thereof the following new subparagraph:
                    ``(A) to investigate crime; and'';
            (5) in paragraph (6)--
                    (A) by striking ``in and around public or other 
                federally assisted low-income housing projects''; and
                    (B) by striking ``and'' after the semicolon;
            (6) in paragraph (7)--
                    (A) by striking ``where a public housing agency 
                receives a grant,'';
                    (B) by striking ``drug abuse'' and inserting in 
                lieu thereof ``crime''; and
                    (C) by striking the period at the end and inserting 
                in lieu thereof a colon;
            (7) by adding the following new paragraphs after paragraph 
        (7):
            ``(8) the employment or utilization of one or more 
        individuals, including law enforcement officers, made available 
        by contract or other cooperative arrangement with State or 
        local law enforcement agencies, to engage in community- and 
        problem-oriented policing involving interaction with members of 
        the community on proactive crime control and prevention;
            ``(9) youth initiatives, such as activities involving 
        training, education, after school programs, cultural programs, 
        recreation and sports, career planning, and entrepreneurship 
        and employment; and
            ``(10) resident service programs, such as job training, 
        education programs, and other appropriate social services which 
        address the contributing factors of crime.''; and
            (8) by striking subsection (b).
    (d) Applications.--Section 5125 of such Act is amended--
            (1) in subsection (a)--
                    (A) by adding the paragraph designation ``(1)'' 
                immediately after ``In general.--'';
                    (B) in the first sentence, by striking ``, a public 
                housing resident management corporation,'';
                    (C) in the second sentence, by striking ``drug-
                related crime on the premises of'' and inserting in 
                lieu thereof the following: ``crime in and around''; 
                and
                    (D) by adding the following new paragraphs at the 
                end:
            ``(2) The Secretary shall, by regulation issued after 
        notice and opportunity for public comment, set forth criteria 
        for establishing a class of public housing agencies that have 
        especially severe crime problems. Any public housing agency 
        within this class may submit an application for a one-year 
        grant under this chapter that, subject to the availability of 
        appropriated amounts, shall be renewed for a period not 
        exceeding the four subsequent years: Provided, That the 
        Secretary finds, after an annual or more frequent performance 
        review, that the public housing agency is performing under the 
        terms of the grant and applicable laws in a satisfactory manner 
        and meets such other requirements as the Secretary may 
        prescribe.
            ``(3) Any eligible applicant may submit an application for 
        a grant for a period of up to two years. The Secretary may 
        accord a preference to applications seeking a subsequent grant 
        under this paragraph if the grant is to be used to continue or 
        expand activities assisted under a previous grant under this 
        paragraph and the Secretary finds that the applicant's program 
        under the prior grant is being managed soundly and demonstrates 
        success. Any preferences under the preceding sentence shall not 
        unreasonably prejudice the opportunities of other public 
        housing agencies to be awarded grants under this paragraph.'';
            (2) in subsection (b)--
                    (A) in the introductory material, by striking 
                ``subsections (c) and (d)'' and inserting in lieu 
                thereof ``subsections (a) and (c)'';
                    (B) in paragraph (1), by striking ``drug-related 
                crime problem in'' and inserting in lieu thereof the 
                following: ``crime problem in and around'';
                    (C) in paragraph (2), by inserting immediately 
                after ``crime problem in'' the following: ``and 
                around''; and
                    (D) in paragraph (4), by inserting after ``local 
                government'' the following: ``, local community-based 
                non-profit organizations, local resident organizations 
                that represent the residents of neighboring projects 
                that are owned or assisted by the Secretary,'';
            (3) in subsection (c)(2) by striking ``drug-related'' the 
        two places it appears; and
            (4) by striking subsection (d).
    (e) Definitions.--Section 5126 of such Act is amended by striking 
paragraphs (1) and (2), and renumbering paragraphs (3) and (4) as 
paragraphs (1) and (2), respectively.
    (f) Implementation.--Section 5127 of such Act is amended to read as 
follows:

``SEC 5127. IMPLEMENTATION.

    ``The Secretary shall issue regulations to implement this chapter 
within 180 days of the enactment of the Community Partnerships Against 
Crime Act.''.
    (g) Reports.--Section 5128 of such Act is amended by striking 
``drug-related crime in'' and inserting in lieu thereof the following: 
``crime in and around''.
    (h) Authorization of Appropriations.--Section 5130 of such Act is 
amended--
            (1) in the first sentence of subsection (a), by striking 
        ``$175,000,000 for fiscal year 1993'' and all that follows and 
        inserting in lieu thereof: ``$265,000,000 for fiscal year 1994 
        and $325,000,000 for fiscal year 1995.'';
            (2) in subsection (b)--
                    (A) by striking ``Set-Asides'' and inserting in 
                lieu thereof ``Set-Aside'';
                    (B) by striking the first sentence;
                    (C) by striking ``drug elimination'';
                    (D) by striking ``fiscal years 1993 and 1994''; and
                    (E) by striking ``and 5.0 percent'' and all that 
                follows through the end of the sentence and inserting 
                in lieu thereof a period; and
            (3) by striking subsection (c) and section 520(k) of the 
        Cranston-Gonzalez National Affordable Housing Act.
    (i) Technical Assistance.--Such Act is further amended by adding at 
the end thereof the following new section:

``SEC. 5131. TECHNICAL ASSISTANCE.

    ``Of the amounts appropriated annually for each of fiscal years 
1994 and 1995 to carry out this chapter, the Secretary is authorized to 
use up to $10,000,000, directly or indirectly, under grants, contracts, 
cooperative agreements, or otherwise, to provide training, information 
services, and other technical assistance to public housing agencies and 
other entities with respect to their participation in the program 
authorized by this chapter. Such technical assistance may include the 
establishment and operation of the clearinghouse on drug abuse in 
public housing and the regional training program on drug abuse in 
public housing under sections 5143 and 5144 of this Act. The Secretary 
is also authorized to use the foregoing amounts for obtaining 
assistance in establishing and managing assessment and evaluation 
criteria and specifications, and obtaining the opinions of experts in 
relevant fields.''.

Answer: Community Partnerships Against Crime Act, or COMPAC - Amends the Public and Assisted Housing Drug Elimination Act of 1990 to expand the use of anti-drug crime public housing grants to all types of crime. 
Makes long-term (one-year initial, five-year total) grants available to public housing authorities with especially severe crime problems.  Makes other applicants eligible for two-year grants, with preference for subsequent funding.


Question: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Nuclear Decommissioning Assurance 
Act of 1999''.

SEC. 2. FINDINGS AND PURPOSES.

    (a) Findings.--Congress finds that--
            (1) full, safe decommissioning of nuclear power plants is a 
        compelling Federal interest, in that--
                    (A) the public health and safety and the protection 
                of the environment can be guaranteed only if nuclear 
                power plants are adequately decommissioned at the end 
                of their useful lives; and
                    (B) decommissioning obligations cannot be avoided, 
                abandoned, or mitigated, as a matter of public health 
                and safety;
            (2) electric utilities that own nuclear power plants must 
        be able to collect adequate revenues to ensure that the 
        utilities can satisfy the obligation to fully decommission 
        nuclear power plants in accordance with standards established 
        by the Nuclear Regulatory Commission;
            (3) the authority of the Nuclear Regulatory Commission to 
        ensure that utilities are able to collect adequate funds so 
        that they can satisfy the decommissioning obligation is limited 
        by the fact that the Commission does not directly establish 
        rates for electric services;
            (4) many nuclear decommissioning trust funds are not 
        adequate to meet decommissioning obligations, and the current 
        electric rates of collection are not adequate to ensure that 
        there will be adequate funds at the time of decommissioning.
            (5) potential restructuring of the electric utility 
        industry will exacerbate the problem, because competitive 
        pressure is expected to be placed on current rates, thereby 
        threatening the ability of utility entities to recover funds 
        for decommissioning in electric rates; and
            (6) there is a Federal interest in establishing a national 
        policy to ensure that electric utilities that own nuclear power 
        plants can recover funds sufficient to satisfy the 
        decommissioning obligation.
    (b) Purposes.--The purposes of this Act are--
            (1) to ensure that electric utilities that own commercial 
        nuclear electric generating plants will be able to satisfy the 
        obligation to decommission the plants, as established by the 
        Nuclear Regulatory Commission; and
            (2) to provide ratemaking bodies, including the Federal 
        Energy Regulatory Commission, with sufficient authority to 
        provide for recovery of funds for decommissioning.

SEC. 3. DEFINITIONS.

    In this Act:
            (1) Decommission.--The term ``decommission'' has the 
        meaning given the term in section 50.2 of title 10, Code of 
        Federal Regulations (or any successor regulation).
            (2) Decommissioning obligation.--The term ``decommissioning 
        obligation'' means the obligation to pay costs associated with 
        the measures necessary to ensure the continued protection of 
        the public from the dangers of any residual radioactivity or 
        other hazards present at a facility when a nuclear unit is 
        decommissioned.
            (3) Nuclear decommissioning trust fund.--The term ``nuclear 
        decommissioning trust fund'' has the meaning given the term 
        ``external sinking fund'' in section 50.75(e)(1)(ii) of title 
        10, Code of Federal Regulations (or any successor regulation).
            (4) State commission.--The term ``State commission'' has 
        the meaning given the term in section 3 of the Federal Power 
        Act (16 U.S.C. 796).

SEC. 4. NUCLEAR DECOMMISSIONING ASSURANCE DETERMINATION BY THE NUCLEAR 
              REGULATORY COMMISSION.

    (a) Petition.--
            (1) In general.--A licensee under part 50 of title 10, Code 
        of Federal Regulations may petition the Nuclear Regulatory 
        Commission for a determination of whether--
                    (A) adequate amounts have been deposited or are 
                being deposited in the nuclear decommissioning trust 
                fund of the licensee; and
                    (B) the future funding for any nuclear power plant 
                owned in whole or in part by the licensee is assured.
            (2) Contents.--A petition under paragraph (1) shall 
        disclose--
                    (A) the licensee's current minimum amount 
                established by the Nuclear Regulatory Commission under 
                section 50.75 of title 10, Code of Federal Regulations 
                for each facility for which the licensee holds a 
                license;
                    (B) the currently effective rates to recover costs 
                for decommissioning obligations as established by the 
                Commission or State commissions, as appropriate;
                    (C) the amount that has been deposited in the 
                nuclear decommissioning trust fund;
                    (D) the planned rate and timing of collection of 
                the costs of the decommissioning obligation through the 
                projected useful life of the facility; and
                    (E) any other information pertinent to the 
                continuing assurance of funding of the nuclear 
                decommissioning trust fund.
    (b) Determination.--Not later than 180 days of receipt of a 
petition under paragraph (1), the Nuclear Regulatory Commission shall 
issue a determination regarding whether the nuclear decommissioning 
trust fund and the currently approved level of rates to recover the 
costs of the decommissioning obligation are adequate to ensure full and 
safe decommissioning of the facility.
    (c) Considerations.--In making a determination under subsection 
(b), the Nuclear Regulatory Commission shall consider.--
            (1) the current level of funds in the nuclear 
        decommissioning trust fund;
            (2) the adequacy of the currently approved rates to recover 
        the costs of the decommissioning obligation;
            (3) the assurance of continuing recovery of such costs 
        through rates;
            (4) the timing of the recovery of such costs relative to 
        the projected useful life of the plant; and
            (5) any other information that the Nuclear Regulatory 
        Commission considers pertinent to a determination of the 
        necessary assurance of adequate funding.
    (d) Adequacy of Minimum Amounts.--Nothing in this Act precludes the 
Nuclear Regulatory Commission from revising or reconsidering the 
adequacy of the minimum amounts established under section 50.75(c) of 
title 10, Code of Federal Regulations.
    (e) Notice.--The Nuclear Regulatory Commission shall issue notice 
of its finding to the licensee, the Federal Energy Regulatory 
Commission, and any other party of record.

SEC. 5. AMENDMENT OF THE FEDERAL POWER ACT.

    (a) Declaration.--Section 201 of the Federal Power Act is amended 
by adding at the end the following:
    ``(h) Declaration Regarding Decommissioning.--The decommissioning 
of nuclear power plants licensed by the Commission is affected with a 
public interest, and the Federal regulation of matters relating to 
decommissioning of nuclear power plants, to the extent provided in this 
part, is necessary in the public interest.''.
    (b) Nuclear Decommissioning Assurance.--Part II of the Federal 
Power Act (16 U.S.C. 824 et seq.) is amended by adding at the end the 
following:

``SEC. 215. NUCLEAR DECOMMISSIONING ASSURANCE.

    ``(a) Cost Recovery in Wholesale Rates.--
            ``(1) In general.--To the extent that the costs of a 
        decommissioning obligation are recovered in wholesale rates, an 
        electric utility that owns a nuclear power facility in whole or 
        in part may apply to the Commission for an order approving 
        rates and charges in connection with the wholesale transmission 
        or sale of electricity to ensure collection of revenues 
        necessary to ensure that there will be adequate funding to 
        satisfy the decommissioning obligation of the electric utility 
        in establishing rates and charges.
            ``(2) Nuclear decommissioning assurance determination.--In 
        a proceeding under this section, any nuclear decommissioning 
        assurance determination made in a proceeding under section 4 of 
        the Nuclear Decommissioning Assurance Act of 1999 shall be 
        conclusive.
            ``(3) Denial of request.--If the Commission, by order or by 
        failure to act with 180 days of the filing of a petition, 
        denies in whole or in part an application under paragraph (1) 
        or otherwise fails to allow collection of costs in rates 
        necessary to ensure adequate funding under section 4 of the 
        Nuclear Decommissioning Assurance Act of 1999, the electric 
        utility may seek review of the action under section 313(b).
    ``(b) Cost Recovery in Retail Rates.--To the extent that the costs 
of the decommissioning obligation are recovered in retail rates, in a 
proceeding before a State commission initiated by an electric utility 
that owns a nuclear power plant in whole or in part for an order 
approving rates and charges in connection with the distribution of 
electricity, any nuclear decommissioning assurance determination made 
by the Commission under section 4 of the Nuclear Decommissioning 
Assurance Act of 1999 shall be given due consideration, so as to ensure 
collection of revenues necessary to ensure adequate funding of the 
nuclear-owning utility's nuclear decommissioning obligations.
    ``(c) Rates, Terms, and Conditions.--
            ``(1) In general.--The Commission and the State commissions 
        shall establish rates, terms, and conditions in response to an 
        application under subsection (a) or (b) not later than 180 days 
        after the date of submission of the application.
            ``(2) Failure to act.--For purposes of section 313(b), 
        failure of the Commission to comply with paragraph (1) shall be 
        considered a denial and shall be appealable as a final agency 
        action.
    ``(d) Denial of Request by State Commission.--Notwithstanding any 
other provision of law, if a State commission, by order or by failure 
to act within 180 days of the filing of a petition, denies in whole or 
in part the request under subsection (b) or otherwise fails to allow 
collection of costs in rates necessary to ensure adequate funding under 
section 4(b) of the Nuclear Decommissioning Assurance Act of 1999, the 
electric utility may apply to the United States district court for an 
order requiring the State commission to establish rates, terms, and 
conditions necessary to ensure adequate funding under section 4(b) of 
the Nuclear Decommissioning Assurance Act of 1999.''.

Answer:
Sets a time frame by which the NRC must issue a determination whether the nuclear decommissioning trust fund and the currently approved decommissioning recovery cost rates are adequate to ensure full and safe facility decommissioning. Details mandatory NRC considerations.
Amends the Federal Power Act to permit an electric utility that owns a nuclear power facility in whole or in part to petition the Federal Energy Regulatory Commission (FERC), for an order approving rates and charges in connection with wholesale transmission or sale of electricity to ensure collection of revenues necessary to ensure adequate funding to satisfy its decommissioning obligations.
Provides that in such petition proceeding any nuclear decommissioning assurance determination made under this Act shall be conclusive. Permits a utility whose request has been denied to seek judicial review.