|Title of Law:||Helium Privatization Act of 1996|
|Law #:||Public Law 104-273|
|Passed by Congress:||104th Congress (2nd Session)|
The following are excerpts, highlighted in red, from the final legislation and/or conference report which contain National Academies’ studies. (Pound signs [##] between passages denote the deletion of unrelated text.)
HR4168 Cox (R-Ca.) 09/28/96
Enrolled (finally passed both houses)
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.
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SECTION 1. SHORT TITLE.
This Act may be cited as the "Helium Privatization Act of 1996".
SEC. 2. AMENDMENT OF HELIUM ACT.
Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Helium Act (50 U.S.C. 167-167n).
SEC. 5. ELIMINATION OF STOCKPILE.
Section 8 is amended to read as follows:
"SEC. 8. ELIMINATION OF STOCKPILE.
"(a) STOCKPILE SALES.--
"(1) COMMENCEMENT.--Not later than January 1, 2005, the Secretary shall commence offering for sale crude helium from helium reserves owned by the United States in such amounts as would be necessary to dispose of all such helium reserves in excess of 600,000,000 cubic feet on a straight-line basis between such date and January 1, 2015.
"(2) TIMES OF SALE.--The sales shall be at such times during each year and in such lots as the Secretary determines, in consultation with the helium industry, to be necessary to carry out this subsection with minimum market disruption.
"(3) PRICE.--The price for all sales under paragraph (1), as determined by the Secretary in consultation with the helium industry, shall be such price as will ensure repayment of the amounts required to be repaid to the Treasury under section 6(c).
"(b) DISCOVERY OF ADDITIONAL RESERVES.--The discovery of additional helium reserves shall not affect the duty of the Secretary to make sales of helium under subsection (a).".
SEC. 7. REPORT ON HELIUM.
Section 15 is amended to read as follows:
"SEC. 15. REPORT ON HELIUM.
"(a) NAS STUDY AND REPORT.--Not later than three years before the date on which the Secretary commences offering for sale crude helium under section 8, the Secretary shall enter into appropriate arrangements with the National Academy of Sciences to study and report on whether such disposal of helium reserves will have a substantial adverse effect on United States scientific, technical, biomedical, or national security interests.
"(b) TRANSMISSION TO CONGRESS.--Not later than 18 months before the date on which the Secretary commences offering for sale crude helium under section 8, the Secretary shall transmit to the Congress-
"(1) the report of the National Academy under subsection (a);
"(2) the findings of the Secretary, after consideration of the conclusions of the National Academy under subsection (a) and after consultation with the United States helium industry and with heads of affected Federal agencies, as to whether the disposal of the helium reserve under section 8 will have a substantial adverse effect on the United States helium industry, United States, helium market or United States, scientific, technological, biomedical, or national security interests; and
"(3) if the Secretary determines that selling the crude helium reserves under the formula established in section 8 will have a substantial adverse effect on the United States helium industry, the United States helium market or United States scientific, technological, biomedical, or national security interest, the Secretary shall make recommendations, including recommendations for proposed legislation, as may be necessary to avoid such adverse effects.".