Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012

• Published date: 07 November 2019
• Citation: 84 FR 59917
• Record Number: 2019-24425
• Section: Presidential Documents
• Court: Executive Office Of The President

Federal Register, Volume 84 Issue 216 (Thursday, November 7, 2019)

[Federal Register Volume 84, Number 216 (Thursday, November 7, 2019)]
                [Presidential Documents]
                [Page 59917]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-24425] Presidential Documents
                Federal Register / Vol. 84 , No. 216 / Thursday, November 7, 2019 /
                Presidential Documents
                ___________________________________________________________________
                Title 3--
                The President
                [[Page 59917]]
                 Presidential Determination No. 2020-03 of October 25,
                 2019
                
                Presidential Determination Pursuant to Section
                 1245(d)(4)(B) and (C) of the National Defense
                 Authorization Act for Fiscal Year 2012
                 Memorandum for the Secretary of State[,] the Secretary
                 of the Treasury[, and] the Secretary of Energy
                 By the authority vested in me as President by the
                 Constitution and the laws of the United States, after
                 carefully considering the reports submitted to the
                 Congress by the Energy Information Administration,
                 including the report submitted in October 2019, and
                 other relevant factors, including global economic
                 conditions, increased oil production by certain
                 countries, the global level of spare petroleum
                 production capacity, and the availability of strategic
                 reserves, I determine, pursuant to section
                 1245(d)(4)(B) and (C) of the National Defense
                 Authorization Act for Fiscal Year 2012, Public Law 112-
                 81, and consistent with prior determinations, that
                 there is a sufficient supply of petroleum and petroleum
                 products from countries other than Iran to permit a
                 significant reduction in the volume of petroleum and
                 petroleum products purchased from Iran by or through
                 foreign financial institutions.
                 I will continue to monitor this situation closely.
                 The Secretary of State is authorized and directed to
                 publish this determination in the Federal Register.
                
                
                 (Presidential Sig.)
                 THE WHITE HOUSE,
                 Washington, October 25, 2019
                [FR Doc. 2019-24425
                Filed 11-6-19; 8:45 am]
                Billing code 4710-10-P