"SIA applauds members of
In addition to its uses for advanced manufacturing, the group said, helium also has essential applications for scientific research and numerous other products and technologies, including medical devices like MRI machines, chemicals, aerospace, and fiber optics. The sectors that rely on helium spur innovation, boost economic growth, and employ millions of people.
The Federal Helium Reserve established in the 1920s and operated by the federal government ever since contains about one-third of the world's helium supply and roughly 40 percent of America's supply. Under current law, on
H.R. 527 would fix this problem and ensure a reliable supply of helium by allowing the Reserve to continue selling helium to private entities. Doing so would strengthen advanced manufacturing, enable continued scientific research and provide hundreds of millions of dollars in sales revenue to the federal government, according to the
"Today's vote exemplifies the spirit of bipartisanship and good government," continued Toohey. "We commend members of
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