Rep. Paul Cook Introduces Bill to Foster Robust Domestic Helium Market
WASHINGTON- Rep. Paul Cook (R-Apple Valley) today announced that he has introduced H.R. 3279, the Helium Extraction Act of 2017. The bill amends the Mineral Leasing Act to allow helium extraction from gas on federal lands under the same terms as gas and oil.
Helium is an essential element used in MRIs, air-to-missile guidance systems, and semiconductors. As such, a steady supply of helium is critical for the medical, defense, and energy industries. The United States is currently the world’s largest supplier of helium. The next largest producers are Qatar, Algeria, and Russia.
Historically, much of the American demand for helium has been satisfied by the Federal Helium Reserve. However, there are major concerns about the future of our domestic helium production. According to the Bureau of Land Management, the reserve has enough helium to meet about 40 percent of the domestic demand for the gas. Additionally, the Helium Stewardship Act of 2013 requires that by September 30, 2021, the reserve must be sold and the facility closed. Given the vast political, economic, and diplomatic uncertainty surrounding many the largest foreign suppliers of helium, it would be dangerous for America to become dependent on them.
Rep. Cook said, “The looming helium crisis must be dealt with now, or it could have deadly consequences. Without this bill, we could become dangerously dependent on unstable foreign countries for our supply of helium. This bill encourages the development of American sources of helium and will boost both our national security and economy.”
Rep. Rob Bishop (R-Utah), Chairman of the House Natural Resources Committee, said, “Facilitating a robust domestic helium market will spur job creation, promote massive revenues to the Treasury and provide stability for essential industries from medical technology to our defense sector. With the recent developments in Qatar, it’s important now more than ever to ensure a guaranteed source of this critical element. I thank Rep. Cook for his leadership on this issue and look forward to moving this bill through the House.”
A member of the House Natural Resources, Armed Services, and Foreign Affairs Committees, Cook served as an infantry officer and retired after 26 years as a Colonel in the U.S. Marine Corps. During his time in combat, he was awarded the Bronze Star and two Purple Hearts.