VET apne After further discussion, Commissioners Libby and Murray indicated that they approved the recommendation of AEC 835/2 and suggested that the General Manager proceed with this action. Mr. Libby said that Mr. Strauss had indicated that he approved the recommendation of AEC 835/2. 6. AEC 785/12 - Indemnity of Privately Owed Atomic Energy Facilities (pp» 42-55) Mr. Mitchell said that the proposed )egislation under consideration had been prepared on the assumption that the Commission believed that some protection from the financial risk of a reactor catastrophe was necessary, in addition to that available from private sources, companizs to build anc. operate power reactcrs. ir order to encourage He said the staff believed the most practical form for this protection to take was indemnity of Lassie particularly for third-varty public liability, above the mount whicl was available from private sources. Mx. Murray said he believe aegis ation during this session of Congress was imperative. Mr. Mitchell pointed out that the difficulty of developing an insurance program was due to the fact that the possibility of a catastrophe was so remote that the probability or extent of the risk could not be calculated. However, he said the Bureau of the Budget would probably suggest that provision be made for a re~insurance program, He then reviewed at length the staff's proposals and various alternatives which had been considered. Mr. Murray said his major concern was whether the proposed bill eliminated all obstacles of this nature to the construction of power reactors by private companies. If it would do so, he said, he favored its approval. ~6.- Qaida,