H.R. 2187 (103rd): Helium Act Amendments of 1993

103rd Congress, 1993–1994. Text as of May 19, 1993 (Introduced).

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HR 2187 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.