I understand that, but the amendment offered by my good friend, the gentleman from Louisiana [Mr. Tauzin], suffers from its own defects, which are also substantial. However, this is a most curious thing. It also says that where the Federal Government tells somebody they cannot build a nuclear power plant on a fault, the Federal Government has to compensate. Most curious. It sets up a circumstance where the Federal Government is going to have to hire legions of lawyers to process innumerable claims for compensations, real and imagined, bottomed on two estimates by appraisers of differing values, bottomed on some very interesting appraisals and estimates and assumptions. I would urge my colleagues, Mr. Chairman, to think very carefully before this body adopts anything this hastily drafted, this hastily considered, and this hastily brought to this body for consideration. Remember that the Congressional Budget Office and the Office of Management and Budget have said no way, they have no way, no way of judging what the costs might be of this. I have seen legislation like this come to the floor earlier in a great burst of good will. Remember one time we had legislation to compensate doctors and pharmaceutical manufacturers for their conduct under a swine flu bill, and for the manufacture of a swine flu vaccine? That was some years ago. That was in the days when $1 million was a lot of money. We passed it.…
On the recordMarch 2, 1995
Source
govinfo.govEditor's note · Context
Discussing concerns over an amendment related to compensation for nuclear power plant construction restrictions.
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