 Helium Privatization Act of 1996

The Helium Privatization Act of 1996 is a U.S. federal law designed to privatize the Federal Helium Reserve and reduce the government's involvement in the helium market. The act aimed to sell off the government's helium stockpile, which had been accumulated since the 1920s for various purposes, including military and scientific uses, particularly in ballooning and aerospace applications.