Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, 85833-85834 [2016-28795]

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• Executive Office of the President

[Federal Register Volume 81, Number 228 (Monday, November 28, 2016)]
[Presidential Documents]
[Pages 85833-85834]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28795]



[[Page 85831]]

Vol. 81

Monday,

No. 228

November 28, 2016

Part IV





The President





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Presidential Determination No. 2017-01 of November 14, 2016--
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of 
the National Defense Authorization Act for Fiscal Year 2012



Presidential Determination No. 2017-02 of November 16, 2016--
Eligibility of the Multinational Force and Observers To Receive Defense 
Articles and Defense Services Under the Foreign Assistance Act of 1961 
and the Arms Export Control Act


                        Presidential Documents 



Federal Register / Vol. 81 , No. 228 / Monday, November 28, 2016 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 85833]]

                Presidential Determination No. 2017-01 of November 14, 
                2016

                
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 of September 7, 2016, and other 
                relevant factors, including global economic conditions, 
                increased oil production by certain countries, the 
                level of spare 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 my 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. However, consistent 
                with U.S. commitments specified in the Joint 
                Comprehensive Plan of Action (JCPOA), the United States 
                is no longer pursuing efforts to reduce Iran's sales of 
                crude oil. The United States action to fulfill these 
                commitments became effective upon reaching 
                Implementation Day under the JCPOA, which occurred once 
                the International Atomic Energy Agency verified that 
                Iran had implemented key nuclear-related steps 
                specified in the JCPOA to ensure that its nuclear 
                program is and will remain exclusively peaceful.

                I will continue to monitor this situation closely.

[[Page 85834]]

                The Secretary of State is hereby authorized and 
                directed to publish this memorandum in the Federal 
                Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, November 14, 2016

[FR Doc. 2016-28795
Filed 11-25-16; 11:15 am]
Billing code 4710-10-P