Nuclear Safety Board Act of 1986

Nuclear Safety Board Act of 1986 - Amends the Energy Reorganization Act of 1974 to establish the Nuclear Safety Board to review and assess the licensing and other regulatory practices of the Nuclear Regulatory Commission and to make recommendations to such Commission.

Prohibits Federal officers or employees from serving on such Board. Directs the Board to: (1) investigate events under Commission jurisdiction which could adversely affect public health and safety; (2) recommend to the Commission measures to minimize threats to public safety; and (3) issue periodic reports to the Congress and various government agencies affected by activities subject to Commission jurisdiction. Requires such reports to contain: (1) specific recommendations to reduce the likelihood of nuclear events similar to those investigated by the Board; and (2) recommended corrective measures to improve safety conditions at nuclear facilities.