Title 15 — Commerce and TradeRelease 119-73not60

§715c Suspension of Operation of Section 715b of This Title

Title 15 › Chapter 15A— INTERSTATE TRANSPORTATION OF PETROLEUM PRODUCTS › § 715c

Last updated Apr 3, 2026|Official source

Summary

When the President finds that petroleum and petroleum products moving between states are so limited that supply (including imports and reasonable withdrawals from storage) does not match demand (including exports and reasonable additions to storage) and this unduly burdens interstate trade, he must publicly declare it. After that declaration, the related provision stops applying until he later declares the conditions have ended. If any part of this suspension is held invalid, that does not affect the validity or use of the other provision.

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 3, 2026

Release point: 119-73not60