Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, 59917 [2019-24425]

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• Executive Office of the President

[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