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for helium increased dramatically and so congress passed the helium act in 1960. to provide incentives for the private natural gas industry to sell helium to the government which then which then placed it in the federal helium reserve, which led to a supply large enough to supply all of the u.s. federal and domestic needs as well as the ability to sell some overseas. in 1960, legislation required that the federal government set prices on the sale the helium which would cover the costs of the federal government for its purchase and storage. since the 1990 s, the federal demand for helium has dropped significantly while the private demand has increased. so in 1996 congress passed the helium privatization act. which was intended to lead to the phasing out of the federal role of helium production and storage, with a view toward allowing market forces to work within the private sector for its production. and reducing the cost to the federal government. the 1996 law required the go

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