President Signs Helium Stewardship Act of 2013; Shutdown of Federal Helium Reserve Is Averted
October 2, 2013
President Obama today signed into law the Helium Stewardship Act of 2013, representing the end of a long series of actions by U.S. Senate and House to reach a solution that avoids a shutdown of the Federal Helium Reserve.
Congress and the President acted in time to avoid a severe jolt in the already sensitive helium market, sidestepping a potential shock to businesses and jobs in the balloon industry and thousands of other businesses in technology, health care and research which rely on helium.
The President's action followed agreement on the bill from both chambers of Congress on September 26, after several votes by the House and Senate that demonstrated strong bipartisan support to avoid disruption of the helium market.
Congress and the President recognized the critical nature of maintaining a stable supply of helium for a wide range of industries across America including manufacturing of semiconductors, MRI machines, research, fiber optic cable, plasma televisions and balloons.
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