Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, 36995 [2020-13389]

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• Executive Office of the President

[Federal Register Volume 85, Number 119 (Friday, June 19, 2020)]
[Presidential Documents]
[Page 36995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13389]




                        Presidential Documents 



Federal Register / Vol. 85, No. 119 / Friday, June 19, 2020 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 36995]]

                Presidential Determination No. 2020-06 of June 5, 2020

                
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 April 2020, 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, June 5, 2020

[FR Doc. 2020-13389
Filed 6-18-20; 8:45 am]
Billing code 4710-10-P