To require the Nuclear Regulatory Commission to consider certain criteria in relicensing nuclear facilities, and to provide for an independent assessment of the Oyster Creek Nuclear Generating Station by the National Academy of Sciences prior to any relicensing of that facility.

Amends the Atomic Energy Act of 1954 regarding relicensing criteria for nuclear facilities to direct the Nuclear Regulatory Commission (NRC) to evaluate a facility for health risks, vulnerability to terrorist attack, evacuation plans, population increases, ability to store nuclear waste, safety and security record, and the impact of a nuclear accident.

Prohibits relicensing of the Oyster Creek Nuclear Generating Station until after the NRC has: (1) arranged with the National Academy of Sciences to provide an independent assessment of safety performance and recommendations for relicensing; (2) transmitted those recommendations to Congress; and (3) given appropriate consideration to those recommendations.

Directs the Academy to provide an independent assessment of: (1) conformance of the Station to its design and licensing bases; (2) operational safety performance and risk factors; (3) health risks, vulnerability to terrorist attack, evacuation plans, population increases, ability to store nuclear waste, safety and security record, and the impact of a nuclear accident; (4) the effectiveness of licensee self-assessments, corrective actions, and improvement plans; and (5) the cause of safety problems and overall performance.