The Helium Privatization Act of 1996 is a
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
statute that ordered the US government to sell much of the
National Helium Reserve. The United States 104th Congressional session passed the
Act of Congress presenting the
legislation
Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature, parliament, or analogous governing body. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to ...
to the United States President on September 30, 1996. President
Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...
enacted the federal statute into law on October 9, 1996.
The law was described by critics as a "fiasco" due to the formula-based sale price being significantly lower than the market price for helium. The bill was amended in 2013 to use an auction to sell helium.
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{{US-statute-stub
Acts of the 104th United States Congress
Helium