Why did we sell it instead of lease? This seems like something that should be in public hands.
Ideological idiocy, the dismantling of anything public turning into private hands is ideologically pure for libertarian-inclined folks, no matter how strategically stupid it might be.
sorry thats too far left wing an opinion in america today
crypto-libertarian "government bad" ideology is one hell of a drug.
The Helium Privatization Act of 1996 (HPA) required it. It passed to House on a voice vote and the Senate by unanimous consent and was signed by President Clinton.
After sales paid off the debt that has been incurred from the expansion of scope of the helium program in the 1960 Helium Act, which was one of the main points of the HPA, it was update by the Helium Stewardship Act of 2013 (which passed the House 394-1, and the Senate 97-2, and was signed by President Obama).