46 USC 40903: Suspension or revocation of license
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46 USC 40903: Suspension or revocation of license Text contains those laws in effect on November 14, 2024
From Title 46-SHIPPINGSubtitle IV-Regulation of Ocean ShippingPart A-Ocean ShippingCHAPTER 409-OCEAN TRANSPORTATION INTERMEDIARIES
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§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.

( 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)
40903 46 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.