Atomic Energy Act of 1946 Law and Legal Definition

The Atomic Energy Act (“Act”) of 1946, aids in regulating atomic resources. The purpose of the enactment is to maintain the nuclear weapon’s monopoly. This Act established the Atomic Energy Commission (AEC) to carry the object of the Act. The AEC consists of five members appointed by the U.S. President with the aid and advice of the Senate. This Act is also known as McMahon Act.