To amend the Helium Act to cancel the accrued and unpaid interest on all notes issued for the purchase of helium and the net capital and retained earnings debt and interest related to the helium production fund, and for other purposes.
Helium Act Amendments of 1993 - Amends the Helium Act to: (1) delete a provision limiting the authority of the Secretary of the Interior to contract for the acquisition and storage of helium and helium-bearing natural gas; (2) delete a provision guaranteeing that the Secretary receive the lowest purchase price for helium from private plants; (3) replace the Atomic Energy Commission with the Department of Energy and the National Aeronautics and Space Administration as purchasers from the Secretary of the major Federal requirements of helium; (4) delete provisions concerning helium sale interest rate determinations and prices of helium sold for medical purposes; and (5) direct the Secretary of the Treasury to cancel certain accrued and unpaid interest, and certain principal, of the helium production fund incurred prior to the date of enactment of this Act.
Placed on the Union Calendar, Calendar No. 358.
Introduced in House
Introduced in House
Referred to the House Committee on Natural Resources.
Referred to the Subcommittee on Energy and Mineral Resources.
Executive Comment Requested from DOE.
For Further Action See H.R.3967.
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