I
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 inter-
est related to the helium production fund, and for other
purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Helium Act Amend-
ments of 1993’’.
SEC. 2. AMENDMENTS.
The Helium Act (50 U.S.C. 161 et seq.) is amend-
ed—
(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 other-
wise 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 En-
ergy 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 sec-
tion 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 in-
serting in lieu thereof ‘‘surplus property pursu-
ant 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 insert-
ing in lieu thereof ‘‘as miscellaneous receipts’’;
(9) by adding at the end of section 6 the follow-
ing 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 sec-
tion 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 Chair-
man of the Atomic Energy Commission’’ and insert-
ing in lieu thereof ‘‘, the Secretary of Energy, and
the Administrator of the National Aeronautics and
Space Administration’’; and
(11) by striking section 12.
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