A bill to amend the Atomic Energy Act of 1954, as amended, to provide for approval of sites for production and utilization facilities.

States that the Advisory Committee on Reactor Safeguards shall review safety studies, facility license applications, and site permit applications, and shall advise the Commission with regard to the hazards of proposed or existing reactor facilities and the adequacy of proposed reactor safety standards.

Authorizes the Atomic Energy Commission to cooperate with persons proposing to construct and/or operate atomic power plants in advance planning for the selection of power production sites.

Directs the Commission to require approval of the preliminary or final design of a production or utilization facility for industrial or commercial purposes.

Provides that the terms and conditions of all licenses and site permits shall be subject to amendment, revision, or modification to conform with rules and regulations issued under this Act.

Authorizes the Atomic Energy Commission to take specified measures to expedite the conduct of administrative proceedings under this Act and the Atomic Energy Act of 1954, including coordination with State agencies in the overall regulatory decision process.