Page:United States Statutes at Large Volume 104 Part 4.djvu/353

 PUBLIC LAW 101-549—NOV. 15, 1990 104 STAT. 2669 "(3) direct that no agency of the government provide bilateral or multilateral subsidies, aids, credits, guarantees, or insurance programs, for the purpose of producing any class I substance. "SEC. 615. AUTHORITY OF ADMINISTRATOR. "If, in the Administrator's judgment, any substance, practice, process, or activity may reasonably be anticipated to affect the stratosphere, especially ozone in the stratosphere, and such effect may reasonably be anticipated to endanger public health or welfare, the Administrator shall promptly promulgate regulations respecting the control of such substance, practice, process, or activity, and shall submit notice of the proposal and promulgation of such regulation to the Congress. "SEC. 616. TRANSFERS AMONG PARTIES TO MONTREAL PROTOCOL. "(a) IN GENERAL.— Consistent with the Montreal Protocol, the United States may engage in transfers with other Parties to the Protocol under the following conditions: "(1) The United States may transfer production allowances to another Party if, at the time of such transfer, the Administrator establishes revised production limits for the United States such that the aggregate national United States production permitted under the revised production limits equals the lesser of (A) the maximum production level permitted for the substance or substsmces concerned in the transfer year under the Protocol minus the production allowances transferred, (B) the maximum production level permitted for the substance or substances concerned in the transfer year under applicable domestic law minus the production allowances transferred, or (C) the average of the actual national production level of the substance or substances concerned for the 3 years prior to the transfer minus the production allowances transferred. "(2) The United States may acquire production allowances from another Party if, at the time of such transfer, the Administrator finds that the other Party has revised its domestic production limits in the same manner as provided with respect to transfers by the United States in subsection (a), "(b) EFFECT OF TRANSFERS ON PRODUCTION LIMITS.— The Administrator is authorized to reduce the production limits established under this Act as required as a prerequisite to transfers under paragraph (1) of subsection (a) or to increase production limits established under this Act to reflect production allowances acquired under a transfer under paragraph (2) of subsection (a). "(c) REGULATIONS.—The Administrator shall promulgate, within 2 years after the date of enactment of the Clean Air Act Amendments of 1990, regulations to implement this section. "(d) DEFINITION.—In the case of the United States, the term 'applicable domestic law' means this Act. "SEC. 617. INTERNATIONAL COOPERATION. "(a) IN GENERAL.— The President shall undertake to enter into international agreements to foster cooperative research which complements studies and research authorized by this title, and to develop standards and regulations which protect the stratosphere consistent with regulations applicable within the United States. For these purposes the President through the Secretary of State and the Assistant Secretary of State for O^ans and International Environ- 42 USC 7671n. Regulations. 42 USC 76710. 42 USC 7671p. President. International agreements. Regulations. Treaties. Reports. 39-194O- 91- 12:QL3Part4

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