46 U.S.C. § 40903

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 40903 - Suspension or revocation of license
(a) FAILURE TO MAINTAIN QUALIFICATIONS OR TO COMPLY.-The Federal Maritime Commission, after notice and opportunity for a hearing, shall suspend or revoke an ocean transportation intermediary's license if the Commission finds that the ocean transportation intermediary-
(1) is not qualified to provide intermediary services; or
(2) willfully failed to comply with a provision of this part or with an order or regulation of the Commission.
(b) FAILURE TO MAINTAIN BOND, PROOF OF INSURANCE, OR OTHER SURETY.-The Commission may revoke an ocean transportation intermediary's license for failure to maintain a bond, proof of insurance, or other surety as required by section 40902(a) of this title.

46 U.S.C. § 40903

Pub. L. 109-304, §7, Oct. 6, 2006, 120 Stat. 1539.

HISTORICAL AND REVISION NOTES
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
4090346 App.:1718(c).Pub. L. 98-237, §19(c), Mar. 20, 1984, 98 Stat. 88; Pub. L. 105-258, title I, §116, Oct. 14, 1998, 112 Stat. 1912.
In subsection (a)(2), the words "lawful" and "rule" are omitted as unnecessary.