Title 15 — Commerce and TradeRelease 119-73
§715c Suspension of operation of section 715b of this title
Title 15 › Chapter CHAPTER 15A— - INTERSTATE TRANSPORTATION OF PETROLEUM PRODUCTS › § 715c
Summary
The President must announce in an official proclamation when he finds that too little petroleum is moving between states and that supply and demand are so out of balance that interstate trade is unfairly harmed. When he makes that announcement, a related petroleum rule stops applying until he later proclaims the problem is over. If any part of this suspension is later found invalid, the other petroleum rule still remains valid.
Full Legal Text
Title 15, §715c
Commerce and Trade — Source: USLM XML via OLRC
Whenever the President finds that the amount of petroleum and petroleum products moving in interstate commerce is so limited as to be the cause, in whole or in part, of a lack of parity between supply (including imports and reasonable withdrawals from storage) and consumptive demand (including exports and reasonable additions to storage) resulting in an undue burden on or restriction of interstate commerce in petroleum and petroleum products, he shall by proclamation declare such finding, and thereupon the provisions of section 715b of this title shall be inoperative until such time as the President shall find and by proclamation declare that the conditions which gave rise to the suspension of the operation of the provisions of such section no longer exist. If any provision of this section or the application thereof shall be held to be invalid, the validity of application of section 715b of this title shall not be affected thereby.
Reference
Citations & Metadata
Citation
15 U.S.C. § 715c
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73