June 12, 2024
Memorandum on Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
Memorandum on 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              THE SECRETARY OF ENERGY SUBJECT:       Presidential Determination Pursuant to              Section 1245(d)(4)(B) and (C) of the National              Defense Authorization Act for Fiscal Year 2012 By the authority vested in me as President by the Constitution and the laws of the United States, after carefully considering […]

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MEMORANDUM FOR THE SECRETARY OF STATE
              THE SECRETARY OF THE TREASURY
              THE SECRETARY OF ENERGY

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

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 2023, and other relevant factors, including global economic conditions, 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 memorandum in the Federal Register.

                             JOSEPH R. BIDEN JR.

Official news published at https://www.whitehouse.gov/briefing-room/presidential-actions/2023/05/11/memorandum-on-presidential-determination-pursuant-to-section-1245d4b-and-c-of-the-national-defense-authorization-act-for-fiscal-year-2012-2/

The post Memorandum on Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 first appeared on Social Gov.

originally published at Politics - Social Gov