REGULATED TRANSACTIONS.

SEC. 712. REGULATED TRANSACTIONS. (a) Conforming Amendments Regarding Scheduled Listed Chemicals.—The Controlled Substances Act (21 U.S.C. 801 et seq.) is amended— (1) [21 U.S.C. 802] in section 102— (A) in paragraph (39)(A)— (i) by amending clause (iv) to read as follows: “(iv) any transaction in a listed chemical that is contained in a drug that may be marketed or distributed lawfully in the United States under the Federal Food, Drug, and Cosmetic Act, subject to clause (v), unless— “(I) the Attorney General has determined under section 204 that the drug or group of drugs is being diverted to obtain the listed chemical for use in the illicit production of a controlled substance; and “(II) the quantity of the listed chemical contained in the drug included in the transaction or multiple transactions equals or exceeds the threshold established for that chemical by the Attorney General;” ; (ii) by redesignating clause (v) as clause (vi); and (iii) by inserting after clause (iv) the following clause: “(v) any transaction in a scheduled listed chemical product that is a sale at retail by a regulated seller or a distributor required to submit reports under section 310(b)(3); or” ; and (B) by striking the paragraph (45) that relates to the term “ordinary over-the-counter pseudoephedrine or phenylpropanolamine product”; (2) [21 U.S.C. 814] in section 204, by striking subsection (e); and (3) [21 U.S.C. 823] in section 303(h), in the second sentence, by striking “section 102(39)(A)(iv)” and inserting “clause (iv) or (v) of section 102(39)(A)”. (b) Public Law 104-237.—Section 401 of the Comprehensive Methamphetamine Control Act of 1996 (21 U.S.C. 802 note) (Public Law 104-237) is amended by striking subsections (d), (e), and (f).