Presidential Determination on the Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for FY 2012, 7789 [X21-10202]

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[Federal Register Volume 86, Number 20 (Tuesday, February 2, 2021)]
[Presidential Documents]
[Page 7789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: X21-10202]




                        Presidential Documents 



Federal Register / Vol. 86, No. 20 / Tuesday, February 2, 2021 / 
Presidential Documents

[[Page 7789]]


                Presidential Determination No. 2021-03 of January 14, 
                2021

                
Presidential Determination on the Pursuant to 
                Section 1245(d)(4)(B) and (C) of the National Defense 
                Authorization Act for FY 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 2020, 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 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, January 14, 2021

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