[Federal Register Volume 81, Number 111 (Thursday, June 9, 2016)]
[Presidential Documents]
[Pages 37481-37482]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13863]


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  Federal Register / Vol. 81 , No. 111 / Thursday, June 9, 2016 / 
Presidential Documents  

[[Page 37481]]


                Presidential Determination No. 2016-06 of May 19. 2016

                
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 report submitted to the 
                Congress by the Energy Information Administration on 
                February 9, 2016, 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 my 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. 
                However, consistent with U.S. commitments specified in 
                the Joint Comprehensive Plan of Action (JCPOA), the 
                United States is no longer pursuing efforts to reduce 
                Iran's sales of crude oil. The United States action to 
                fulfill these commitments became effective upon 
                reaching Implementation Day under the JCPOA, which 
                occurred once the International Atomic Energy Agency 
                verified that Iran had implemented key nuclear-related 
                steps specified in the JCPOA to ensure that its nuclear 
                program is and will remain exclusively peaceful.

                I will continue to monitor this situation closely.

[[Page 37482]]

                The Secretary of State is hereby authorized and 
                directed to publish this memorandum in the Federal 
                Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, May 19, 2016

[FR Doc. 2016-13863
Filed 6-8-16; 11:15 am]
Billing code 4710-10-P