HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.congrecreports/crptxaasm0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-365
HELIUM EXTRACTION ACT OF 2017
OCTOBER 23, 2017.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. BISHOP of Utah, from the Committee on Natural Resources,
submitted the following
REPORT
[To accompany H.R. 3279]
[Including cost estimate of the Congressional Budget Office]
The Committee on Natural Resources, to whom was referred the
bill (H.R. 3279) to amend the Mineral Leasing Act to provide that
extraction of helium from gas produced under a Federal mineral
lease shall maintain the lease as if the helium were oil and gas,
having considered the same, report favorably thereon without
amendment and recommend that the bill do pass.
PURPOSE OF THE BILL
The purpose of H.R. 3279 is to amend the Mineral Leasing Act
to provide that the extraction of helium from gas produced under
a Federal mineral lease shall maintain the lease as if the helium
were oil and gas.
BACKGROUND AND NEED FOR LEGISLATION
H.R. 3279, the Helium Extraction Act of 2017, amends the Min-
eral Leasing Act (30 U.S.C. 181 et seq.) to allow helium extraction
from gas on federal lands under the same lease terms as oil and
gas. The impending closure of the Bureau of Land Management's
Federal Helium Reserve in 2021 threatens the stability of the do-
mestic helium market. H.R. 3279 works to alleviate some of these
supply concerns by facilitating the production of helium on federal
lands, while simultaneously providing a fair return to the taxpayer.
Refined helium continues to serve as an essential component of
America's economy, particularly in the fields of medicine, science,
and defense. Liquefying at the ultra-low temperature of 4.2 °K
452 OF), helium's unique properties as a coolant and nonreactive,
79-006](ViewImageLocal?handle=hein.congrecreports/crptxaasm0001&div=1&collection=&method=preview&ext=.png&size=3)