Presidential Memorandum
Delegation of Authority Under Section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 (Public Law 112-81)
This memorandum delegates presidential authority under Section 1245(d)(5) of the FY 2012 NDAA to the Secretary of State, to be exercised in consultation with the Secretary of the Treasury. This provision relates to sanctions waivers for countries that significantly reduce purchases of Iranian oil.