OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Helium Stewarship

Floor Speech

Date: Sept. 27, 2013
Location: Washington, DC
Issues: Natural Resources

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Mr. MURPHY. Madam President, I rise today to engage my colleagues Senator Wyden, Senator Murkowski, and Senator Moran in a colloquy regarding legislation the Senate adopted yesterday for the modernization of the Federal helium reserve. I first would like to commend the leadership of the Senate Energy and Natural Resources Committee for their commitment to this effort and to thank my friend from Kansas for his partnership in this process. I know how long and hard the Chairman and Ranking Member and their staffs have worked on this complex piece of legislation, and they deserve our appreciation.

I think it is important that we discuss one of the aspects of the proposed new auction program. The text before us today creates an auction and Section 6(b)(5)(A) allows the Secretary to auction less than the statutorily mandated amount if the Secretary determines the adjustment necessary to minimize market disruptions. The Secretary may make such adjustments only after only after submitting a written justification to the congressional committees of jurisdiction. I wish to ask Chairman Wyden whether he believes this provision will be exercised?

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