United States Code, 2017 Edition
Title 46 - SHIPPING
Subtitle IV - Regulation of Ocean Shipping
Part A - Ocean Shipping
CHAPTER 409 - OCEAN TRANSPORTATION INTERMEDIARIES
Sec. 40903 - Suspension or revocation of license
From the U.S. Government Publishing Office, www.gpo.gov
§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
|Source (U.S. Code)||Source (Statutes at Large)|
||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.