Sec. 4. BLM transparency requirements to facilitate market and supply chain information
602 words·~3 min read·
/bill/113/hr/527/ih/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Helium Act ( 50 U.S.C. 167 et seq. ) is further amended by redesignating sections 15 through 17 as sections 17 through 19, and by inserting after section 14 the following: The Secretary, acting through the Bureau of Land Management, shall make available on the Internet the current refining capacity on the Federal Helium Reserve pipeline, including— refinery capacity and future capacity estimates; ownership of federally auctioned helium held in the Federal Helium Reserve; volume of helium delivered to individual buyers through such pipeline; pipeline pressure constraints; and other factors that will increase transparency for persons interested in entering refining contracts with existing refiners.
The Secretary shall take any applications for new refining capacity on the Federal Helium Reserve pipeline. To create more competition, any new refining capacity added to the Federal Helium Reserve pipeline system shall be granted access to crude helium that is equal to the access provided to existing refining facilities. The Secretary shall manage Federal Helium Reserve pipeline access in a competitive manner to ensure that all persons purchasing helium have equal access to timing and delivery of the helium, subject to the capacity of the system.
The Secretary shall, to the greatest extent practicable, make the scheduling of crude helium deliveries through the Federal Helium Reserve pipeline open and transparent to all purchasers of helium through the auction process, and to the public if the Secretary believes that it is in the national interest. In order to provide the market with appropriate and timely information affecting the helium resource, the Director of the Bureau of Land Management shall establish, no later than 90 days after the date of enactment of the Responsible Helium Administration and Stewardship Act , a real-time reporting process, including reporting over the Internet, to provide data that will affect the helium industry, including such effects for all persons in such industry from crude helium suppliers to end users.
Information provided under this section shall include the following: Annual maintenance schedules and quarterly updates thereof, which shall be available on the Internet, to the extent practicable, and shall include the following: The date and duration of planned shutdowns of the Federal Helium Reserve pipeline. The nature of work to be undertaken, whether routine, extended, or extraordinary. The anticipated impact on the helium supply. The efforts to minimize any impact on the supply chain.
Any concerns regarding maintenance of the Federal Helium Reserve pipeline, pressure of such pipeline, or deviation from normal operation of such pipeline. For each unplanned outage, the following: The beginning of the outage. The expected duration of outage. A description of the problem. The estimated impact on helium supply. A plan to correct problems, an estimate of the potential timeframe for correction, and the likelihood of plan success within the timeframe. Efforts to minimize negative impacts on the helium supply chain.
Updates on repair status and the anticipated online date. Minutes of meetings between the Bureau of Land Management and the Cliffside Refiners Limited Partnership, including— publication of the minutes of each meeting between the Bureau of Land Management and the Cliffside Refiners Limited Partnership, including attendees and their affiliations, on the Internet site of the Bureau within 1 week after the meeting; and indication in the minutes of any action taken that could affect the supply or operating status related to the Federal helium program.
Current predictions of the lifespan of the Federal Helium Reserve, including how much longer such crude helium supply will be available based on current and forecasted demand and the projected maximum production capacity of the Federal Helium Reserve for the following fiscal year. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 4
BLM transparency requirements to facilitate market and supply chain information
Cites 1Cited by 0 across 0 sources