TIME FOR SECRETARIAL ACTION.

SEC. 120. TIME FOR SECRETARIAL ACTION. (a) Exemptions.— Section 5117 (relating to exemptions and exclusions) is amended— (1) by redesignating subsections (c) and (d) as (d) and (e) respectively, and (2) by inserting after subsection (b) the following: “(c) Applications To Be Dealt With Promptly.— The Secretary shall issue or renew the exemption for which an application deny such issuance or renewal within 180 days after the first day of the month following the date of the filing of such application, or the Secretary shall publish a statement in the Federal Register of the reason why the Secretary’s decision on the108 STAT. 1681 exemption is delayed, along with an estimate of the additional time necessary before the decision is made.”. (b) Decisions on Preemption.— Section 5125(d) (relating to decisions on preemption) is amended by inserting immediately after the second sentence the following: “The Secretary shall issue a decision on an application for a determination within 180 days after the date of the publication of the notice of having received such application, or the Secretary shall publish a statement in the Federal Register of the reason why the Secretary’s decision on the application is delayed, along with an estimate of the additional time necessary before the decision is made.”.