promulgate regulations under this section. The Administrator shall
grant or deny the petition within 180 days after receipt of any such
petition. If the Administrator denies the petition, the Administrator
shall publish an explanation of why the petition was denied. If the
Administrator grants such petition, such final regulations shall be
promulgated within 1 year. Any petition under this subsection shall
include a showing by the petitioner that there are data adequate to
support the petition. If the Administrator determines that information
is not sufficient to make a determination under this subsection, the
Administrator shall use any authority available to the Administrator,
under any law administered by the Administrator, to acquire such
"SEC. 607. EXCHANGE AUTHORITY.
"(a) Transfers.-The Administrator shall, within 10 months after
the enactment of the Clean Air Act Amendments of 1990, promulgate
rules under this title providing for the issuance of allowances for
the production of class I and II substances in accordance with the
requirements of this title and governing the transfer of such
allowances. Such rules shall insure that the transactions under the
authority of this section will result in greater total reductions in
the production in each year of class I and class II substances than
would occur in that year in the absence of such transactions.
"(b) Interpollutant Transfers.-(1) The rules under this section
shall permit a production allowance for a substance for any year to be
transferred for a production allowance for another substance for the
same year on an ozone depletion weighted basis.
"(2) Allowances for substances in each group of class I
substances (as listed pursuant to section 602) may only be transferred
for allowances for other substances in the same Group.
"(3) The Administrator shall, as appropriate, establish groups of
class II substances for trading purposes and assign class II
substances to such groups. In the case of class II substances,
allowances may only be transferred for allowances for other class II
substances that are in the same Group.
"(c) Trades With Other Persons.-The rules under this section
shall permit 2 or more persons to transfer production allowances
(including interpollutant transfers which meet the requirements of
subsections (a) and (b)) if the transferor of such allowances will be
subject, under such rules, to an enforceable and quantifiable
reduction in annual production which-
"(1) exceeds the reduction otherwise applicable to the
transferor under this itle,
"(2) exceeds the production allowances transferred to the
"(3) would not have occurred in the absence of such
"(d) Consumption.-The rules under this section shall also provide
for the issuance of consumption allowances in accordance with the
requirements of this title and for the trading of such allowances in
the same manner as is applicable under this section to the trading of
production allowances under this section.
"SEC. 608. NATIONAL RECYCLING AND EMISSION REDUCTION PROGRAM.
"(a) In General.-(1) The Administrator shall, by not later than
January 1, 1992, promulgate regulations establishing standards and
requirements regarding the use and disposal of class I substances
during the service, repair, or disposal of appliances and industrial