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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2187 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2187

 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.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 19, 1993

Mr. Sarpalius introduced the following bill; which was referred to the 
                     Committee on Natural Resources

_______________________________________________________________________

                                 A BILL

 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Helium Act Amendments of 1993''.

SEC. 2. AMENDMENTS.

    The Helium Act (50 U.S.C. 161 et seq.) is amended--
            (1) in section 3(a)(2), by striking ``, except that the 
        Secretary shall not make such contracts and agreements which 
        shall require payments by the Government in any one fiscal year 
        aggregating more than the amount which shall be established 
        initially in an appropriation Act and which may be increased 
        from time to time in appropriation Acts, or if'' and inserting 
        in lieu thereof ``. If'';
            (2) in section 3(a)(4), by inserting ``or otherwise 
        necessary under this Act'' after ``not valuable for helium 
        production'';
            (3) by striking section 3(c);
            (4) in section 6(a), by striking ``the Atomic Energy 
        Commission'' and inserting in lieu thereof ``the Department of 
        Energy, the National Aeronautics and Space Administration'';
            (5) by amending section 6(c) to read as follows:
    ``(c) Sales of helium shall be at prices determined by the 
Secretary and consistent with the purposes of this Act.'';
            (6) by striking subsections (d) and (e) of section 6;
            (7) by redesignating subsection (f) of section 6 as 
        subsection (d);
            (8) in section 6(d), as so redesignated--
                    (A) by striking ``excess property'' and inserting 
                in lieu thereof ``surplus property pursuant to this 
                Act''; and
                    (B) by striking ``and credited against the amounts 
                required to be repaid to the Treasury under subsection 
                (c) of this section'' and inserting in lieu thereof 
                ``as miscellaneous receipts'';
            (9) by adding at the end of section 6 the following new 
        subsection:
    ``(e) The Secretary of the Treasury shall cancel the accrued and 
unpaid interest but not the principal on all notes issued by the 
Secretary of the Interior pursuant to section 12 of this Act, prior to 
the date of enactment of the Helium Act Amendments of 1993, and also 
cancel the outstanding interest accrued and unpaid as well as the 
principal of the net capital and retained earnings debt of the helium 
production fund established pursuant to section 6 of this Act which 
have been incurred prior to the date of enactment of the Helium Act 
Amendments of 1993.'';
            (10) in section 7, by striking ``and the Chairman of the 
        Atomic Energy Commission'' and inserting in lieu thereof ``, 
        the Secretary of Energy, and the Administrator of the National 
        Aeronautics and Space Administration''; and
            (11) by striking section 12.

                                 <all>
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