A bill to reorganize the functions of the executive branch of the Government which relate to the regulation of commercial uses of nuclear power, except those which relate to source materials, by transferring such functions from the Atomic Energy Commission to the Administrator of the Environmental Protection Agency subject (in certain cases) to disapproval by the Federal Power Commission or the Secretary of the Interior.

Transfers functions relating to commercial uses of nuclear power from the Atomic Energy Commission to the Administrator of the Environmental Protection Agency. Subjects the Administrator's decision on the issuance of a license concerning utilization and production facilities to disapproval by the Federal Power Commission or the Secretary of the Interior where the issuance of the license would be contrary to United States national power policies or would be inconsistent with the conservation of natural resources.