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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

information.

"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

   transferee, and

      "(3)   would  not  have   occurred  in  the   absence  of  such

   transaction.

   "(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

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