A bill to amend the Atomic Energy Act of 1954 to require each State to provide for the disposal of low-level radioactive waste generated within that State, to authorize States to enter into agreements or compacts with other States for the establishment of regional disposal sites for low-level radioactive waste, and to provide financial assistance to the States in which such sites are located, and for other purposes.

States that no license or permit issued under the Atomic Energy Act of 1954 for any facility or activity which generates low-level radioactive waste may remain in effect, and no new licenses or permits for such activities may be issued or renewed unless the State in which the licensee or permittee is located has provided for the safe storage and disposal of all low-level radioactive waste generated in such State.

Authorizes States to enter into agreements and compacts with other States for the establishment of facilities for the disposal of such wastes.

Authorizes the Nuclear Regulatory Commission to provide financial assistance to each State having such a facility to reimburse such State for costs incurred in the preconstruction activities involved in establishing such a facility. Requires that such facilities collect a fee for the receipt of such wastes set at a level necessary to amortize the full costs of construction and operation of the facility over its useful life.