A bill to amend the Atomic Energy Act of 1954, as amended, to authorize the Commission, upon determination that such action is necessary in the public interest, to issue an interim operating license authorizing fuel loading, low-power operation and testing of a nuclear power reactor in advance of the conduct of a hearing.

Amends the Atomic Energy Act of 1954 to authorize the Nuclear Regulatory Commission to issue an interim operating license for a nuclear power reactor prior to the completion of a required hearing if the Commission determines that it is in the public interest to avoid unnecessary delay in the operation of such reactor. Requires notice in the Federal Register of the Commission's intent to issue such a license and an opportunity for parties to comment on the necessity of such licenses. Terminates the Commission's authority to issue such licenses on December 31, 1983.