Federal Register - May 26, 2021
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Source: Federal Register
28235
Presidential Documents
Federal Register Vol. 86, No. 100
Wednesday, May 26, 2021
Title 3
Presidential Determination No. 202107 of May 19, 2021
The President
Presidential Determination Pursuant to Section 1245d4B
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 February 2021, 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 1245d4B and C of the National Defense Authorization Act for Fiscal Year 2012, Public Law 11281, 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.
THE WHITE HOUSE, Washington, May 19, 2021
FR Doc. 202111259
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