Helium Privatization Act of 1996

Last updated
Helium Privatization Act of 1996
Great Seal of the United States (obverse).svg
Long titleAn Act to amend the Helium Act to authorize the Secretary to enter into agreements with private parties for the recovery and disposal of helium on Federal lands, and for other purposes.
Enacted bythe 104th United States Congress
EffectiveOctober 9, 1996
Citations
Public law 104-273
Statutes at Large 110  Stat.   3315
Codification
Acts amended Helium Act of 1925
Titles amended 50 U.S.C.: War and National Defense
U.S.C. sections amended 50 U.S.C. ch. 10 § 167 et seq.
Legislative history
  • Introduced in the House as H.R. 4168 by Christopher Cox (R-CA) on September 25, 1996
  • Committee consideration by House Resources
  • Passed the House on September 26, 1996 (Passed Voice Vote)
  • Passed the Senate on September 28, 1996 (Passed Unanimous Consent)
  • Signed into law by President Bill Clinton on October 9, 1996

The Helium Privatization Act of 1996 is a United States statute that ordered the US government to sell much of the National Helium Reserve. The United States 104th Congressional session passed the Act of Congress presenting the legislation to the United States President on September 30, 1996. President Bill Clinton enacted the federal statute into law on October 9, 1996. [1]

The law was described by critics as a "fiasco" due to the formula-based sale price being significantly lower than the market price for helium. [2] The bill was amended in 2013 to use an auction to sell helium. [3]

Related Research Articles

<span class="mw-page-title-main">Helium</span> Chemical element, symbol He and atomic number 2

Helium is a chemical element; it has symbol He and atomic number 2. It is a colorless, odorless, tasteless, non-toxic, inert, monatomic gas and the first in the noble gas group in the periodic table. Its boiling point is the lowest among all the elements, and it does not have a melting point at standard pressures. It is the second-lightest and second most abundant element in the observable universe, after hydrogen. It is present at about 24% of the total elemental mass, which is more than 12 times the mass of all the heavier elements combined. Its abundance is similar to this in both the Sun and Jupiter, because of the very high nuclear binding energy of helium-4, with respect to the next three elements after helium. This helium-4 binding energy also accounts for why it is a product of both nuclear fusion and radioactive decay. The most common isotope of helium in the universe is helium-4, the vast majority of which was formed during the Big Bang. Large amounts of new helium are created by nuclear fusion of hydrogen in stars.

<span class="mw-page-title-main">United States Forest Service</span> Agency of the U.S. Department of Agriculture

The United States Forest Service (USFS) is an agency within the U.S. Department of Agriculture that administers the nation's 154 national forests and 20 national grasslands covering 193 million acres (780,000 km2) of land. The major divisions of the agency are the Chief's Office, National Forest System, State and Private Forestry, Business Operations, as well as Research and Development. The agency manages about 25% of federal lands and is the sole major national land management agency not part of the U.S. Department of the Interior.

<span class="mw-page-title-main">Bureau of Land Management</span> Agency within the US Department of the Interior

The Bureau of Land Management (BLM) is an agency within the United States Department of the Interior responsible for administering U.S. federal lands. Headquartered in Washington, D.C., the BLM oversees more than 247.3 million acres (1,001,000 km2) of land, or one-eighth of the United States's total landmass.

<span class="mw-page-title-main">Helms–Burton Act</span> US federal law affecting Cuban economy

The Cuban Liberty and Democratic Solidarity (Libertad) Act of 1996, Pub. L.Tooltip Public Law  104–114 (text)(PDF), 110 Stat. 785, 22 U.S.C. §§ 60216091) is a United States federal law which strengthens and continues the United States embargo against Cuba. It extended the territorial application of the initial embargo to apply to foreign companies trading with Cuba, and penalized foreign companies allegedly "trafficking" in property formerly owned by U.S. citizens but confiscated by Cuba after the Cuban revolution. It also covers property formerly owned by Cubans who have since become U.S. citizens.

<span class="mw-page-title-main">Dante Fascell</span> American politician

Dante Bruno Fascell was an American politician who represented Florida as a member of the United States House of Representatives from 1955 to 1993. He served as chairman of the House Foreign Affairs Committee for nine years.

<span class="mw-page-title-main">Arctic Refuge drilling controversy</span> Question of whether to drill for oil in the Arctic National Wildlife Refuge

The question of whether to drill for oil in the Arctic National Wildlife Refuge (ANWR) has been an ongoing political controversy in the United States since 1977. As of 2017, Republicans have attempted to allow drilling in ANWR almost fifty times, finally being successful with the passage of the Tax Cuts and Jobs Act of 2017.

<span class="mw-page-title-main">John Gage</span> American computer scientist

John Burdette Gage is a retired computer scientist and technology executive. He was the 21st employee of Sun Microsystems, where he is credited with creating the phrase The Network is the Computer. He served as Sun's vice president and chief researcher and director of the Science Office, until leaving on June 9, 2008, to join Kleiner Perkins Caufield & Byers as a partner to work on green technologies for global warming; he departed KPCB in 2010 to apply what he had learned "to broader issues in other parts of the world".

<span class="mw-page-title-main">National Helium Reserve</span> Strategic helium reserve of the United States

The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States, which once held over 1 billion cubic meters of helium gas. The helium is stored at the Cliffside Storage Facility about 12 miles (19 km) northwest of Amarillo, Texas, in a natural geologic gas storage formation, the Bush Dome reservoir. The reserve was established with the enactment of the Helium Act of 1925. The strategic supply provisioned the noble gas for airships, and in the 1950s became an important source of coolant during the Cold War and Space Race.

<span class="mw-page-title-main">High Performance Computing Act of 1991</span>

The High Performance Computing Act of 1991 (HPCA) is an Act of Congress promulgated in the 102nd United States Congress as (Pub.L. 102–194) on December 9, 1991. Often referred to as the Gore Bill, it was created and introduced by then Senator Al Gore, and led to the development of the National Information Infrastructure and the funding of the National Research and Education Network (NREN).

<span class="mw-page-title-main">National Gambling Impact Study Commission Act</span>

The National Gambling Impact Study Commission Act of 1996 is an Act of Congress that was signed into law by President of the United States Bill Clinton.

<span class="mw-page-title-main">Metric Conversion Act</span> U.S. federal statute of 1975

The Metric Conversion Act of 1975 is an Act of Congress that was signed into law by U.S. President Gerald Ford on December 23, 1975. It declared the metric system "the preferred system of weights and measures for United States trade and commerce", but permitted the use of United States customary units in all activities. As Ford's statement on the signing of the act emphasizes, all conversion was to be "completely voluntary". The Act also established the United States Metric Board with representatives from scientific, technical, and educational institutions, as well as state and local governments to plan, coordinate, and educate the U.S. people for the Metrication of the United States.

The Biological Resources Discipline (BRD) is a program of the United States Geological Survey (USGS). Its stated task is to work with other stakeholders to provide the scientific understanding and technologies needed to support the sound management and conservation of the United States' biological resources.

<span class="mw-page-title-main">History of the United States Forest Service</span>

Starting in 1876, and undergoing a series of name changes, the United States Forest Service of the Department of Agriculture grew to protect and use millions of acres of forest on public land. Gifford Pinchot, an early advocate of scientific forestry, along with President Theodore Roosevelt and conservation organizations, led the effort to manage forest for the public good.

<span class="mw-page-title-main">Bankhead–Jones Farm Tenant Act of 1937</span> U.S. Act which authorized a credit program to assist tenant farmers in purchasing land

The Bankhead–Jones Farm Tenant Act of 1937 was passed on July 22, 1937, and authorized acquisition by the federal government of damaged lands to rehabilitate and use them for various purposes. Most importantly, however, the law authorized a modest credit program to assist tenant farmers to purchase land, and it was the culmination of a long effort to secure legislation for their benefit.

<span class="mw-page-title-main">Mexican Debt Disclosure Act of 1995</span> United States statute requiring economic reports regarding the currency crisis in Mexico

The Mexican Debt Disclosure Act is a law of the United States formulating congressional oversight and monetary policy, through reports of the US president and the US treasury, to support the strength of the 1995 peso currency of Mexico; all resulting from speculative capital flight and the Mexican peso crisis of 1994. The Act required the submission of monthly reports by the United States Secretary of the Treasury concerning all international guarantees, long-term, and short-term currency swaps with the federal government of Mexico. The U.S. Congressional bill required the submission of semi-annual reports by the President of the United States concerning presidential certifications of all international credits, currency swaps, guarantees, and loans through the exchange stabilization fund to the government of Mexico.

<span class="mw-page-title-main">Helium production in the United States</span> Overview of the inert gas in the North American country

Helium production in the United States totaled 73 million cubic meters in 2014. The US was the world's largest helium producer, providing 40 percent of world supply. In addition, the US federal government sold 30 million cubic meters from storage. Other major helium producers were Algeria and Qatar.

<span class="mw-page-title-main">Helium Act of 1925</span> United States statute

Helium Act of 1925, 50 USC § 161, is a United States statute drafted for the purpose of conservation, exploration, and procurement of helium gas. The Act of Congress authorized the condemnation, lease, or purchase of acquired lands bearing the potential of producing helium gas. It banned the export of helium, for which the US was the only important source, thus forcing foreign airships to use hydrogen lift gas. The Act empowered the United States Department of the Interior and United States Bureau of Mines with the jurisdiction for the experimentation, production, repurification, and research of the lighter than air gas. The Title 50 codified law provided the authority for the creation of the National Helium Reserve.

<span class="mw-page-title-main">Fixing America's Surface Transportation Act</span>

The Fixing America's Surface Transportation Act or the FAST Act is a funding and authorization bill to govern United States federal surface transportation spending. It was passed by Congress on December 3, 2015, and President Barack Obama signed it on the following day. The vote was 359–65 in the House of Representatives and 83–16 in the United States Senate.

Helium storage and conservation is a process of maintaining supplies of helium and preventing wasteful loss.

<span class="mw-page-title-main">Agricultural Experiment Stations Act of 1887</span> United States federal law

Agricultural Experiment Stations Act of 1887 is a United States federal statute establishing agricultural research by the governance of the United States land-grant colleges as enacted by the Land-Grant Agricultural and Mechanical College Act of 1862. The agricultural experiment station alliance was granted fiscal appropriations by the enactment of the Hatch Act of 1887. The Act of Congress defines the basis of the agricultural experiments and scientific research by the State or Territory educational institutions.

References

  1. Clinton, William J. (October 9, 1996). "Statement on Signing the Helium Privatization Act of 1996 - October 9, 1996". Internet Archive. Washington, D.C.: National Archives and Records Service. p. 1796.
  2. Yglesias, Matthew (14 May 2012). "America's Helium Privatization Fiasco". Slate. Retrieved 25 February 2018.
  3. Cho, Adrian (8 July 2015). "New U.S. rules on helium sales said to stifle competition". Science | AAAS. Retrieved 25 February 2018.