[Federal Register Volume 82, Number 119 (Thursday, June 22, 2017)]
[Presidential Documents]
[Page 28391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-13199]


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  Federal Register / Vol. 82, No. 119 / Thursday, June 22, 2017 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 28391]]

                Presidential Determination No. 2017-06 of May 17, 2017

                
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 April 11, 2017, and 
                other relevant factors such as global economic 
                conditions, increased oil production by certain 
                countries, the 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. 
                As my Administration conducts a review of its Iran 
                policy, and consistent with United States commitments 
                specified in the Joint Comprehensive Plan of Action, 
                however, the United States is not pursuing efforts to 
                reduce Iran's sales of crude oil at this time.

                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, May 17, 2017

[FR Doc. 2017-13199
Filed 6-21-17; 8:45 am]
Billing code 4710-10-P