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HSBC Bank USA, Plaintiff V John New York Law Journal Form

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HSBC Bank USA, Plaintiff V John New York Law Journal Form

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following World War II Congress legislated to allow Private Industry to take a larger role in the development of nuclear energy however the new regulations did not address disposal of the radioactive waste produced by the late 1970s the nation's only available radioactive waste depositories were in South Carolina Nevada and Washington after Washington and Nevada temporarily shut down their sites South Carolina found the volume unmanageable as a result in 1985 Congress passed the low-level radioactive waste policy amendments act which incentivized states to dispose of their own waste or enter into Regional agreements for out of-state disposal the ACT utilized a three-pronged strategy first a monetary incentive would be available to states that entered Regional agreements or opened instate disposal sites the incentive would be funded by sear charges on outof state waste generators collected by the Secretary of Energy second States lacking waste sites that did not join Regional co

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