Oversight Hearing on "The Past, Present and Future of the Federal Helium Program" and Legislative Hearing on H.R. 527
Thursday, February 14, 2013 10:00 AM Full Committee
1324 Longworth House Office Building, Washington, D.C. 20515
Oversight Hearing on:
"The Past, Present and Future of the Federal Helium Program"
And Legislative Hearing on:
H.R. 527 (Hastings of WA, Markey, Flores, and Holt), To complete the privatization of the Federal helium reserve in a competitive market fashion that ensures stability in the helium markets while protecting the interests of the American taxpayer, and for other purposes. "Responsible Helium Administration and Stewardship Act"
This hearing will focus on the existing U.S. demand for helium, the future of the federally owned helium reserve, and the impact the eventual closure of the U.S. reserve would have on the U.S. scientific, technical, medical, and defense industries that depend upon helium for manufacturing and research. Originally created as a federal helium extraction and purification plant, the BLM reserve is today managed in a single reservoir and pipeline system located in Texas, Oklahoma and Kansas. The Responsible Helium Administration and Stewardship Act (H.R. 527) is a common sense plan to prevent the closure of the Federal Helium Reserve, which by law is scheduled to close later this year resulting in a 30% reduction in the global helium supply. This bipartisan legislation would sell helium from the Federal Helium Reserve in a responsible manner to prevent shortages, protect jobs and the economy, and ensure a fairer return for taxpayers.
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