§ 715c. Suspension of operation of section 715b of this title

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1935

   Pub. L. 74–18 § 4 · 49 Stat. 30

   Enacted · 15 U.S.C. § 715c

   (Feb. 22, 1935, ch. 18, § 4, 49 Stat. 31.)

   Source evidence

   Code source credit
   (Feb. 22, 1935, ch. 18, § 4, 49 Stat. 31.)

   Enacted provision · exact public law section
   Sec. 4. Whenever the President finds that the amount of petroleum Suspension of provision if luck of parity between supply and demand. 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 Proclamations to issue. shall by proclamation declare such finding, and thereupon the provisions of section 3 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 Saving clause. the application thereof shall be held to be invalid, the validity or application of section 3 shall not be affected thereby.

1 of 1 references resolved to an enrolled provision