What in the world is this Helium ruling in Congress?Submitted by Crickett on Tue, 04/30/2013 - 17:52
Can someone explain this to me?? I got it from Megavote..
Federal Helium Sales – Suspension Vote - Vote Passed (394-1, 37 Not Voting)
In its final action of the week, the House passed a bill creating a framework for winding down operation of the Federal Helium Reserve. Under current law, the Reserve is mandated to cease commercial helium sales once it pays off its debt, which is expected to occur by October 2013. According to the House Natural Resources committee, the scheduled closure would cut domestic helium supplies in half. H.R. 527 would keep the reserve open with new operating instructions until its capacity is 3 billion cubic feet (down from 10 billion cubic feet at present), at which time commercial sales will no longer be authorized and remaining supplies will only be available for national security and scientific needs. Neither the administration nor Senate leaders have staked out positions on the measure.