§ 40903 - Suspension or revocation of license

CHAPTER 409— OCEAN TRANSPORTATION INTERMEDIARIES

(a) 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—

(a)(1) is not qualified to provide intermediary services; or

(a)(2) willfully failed to comply with a provision of this part or with an order or regulation of the Commission.

(b) 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.

Notes

Historical and Revision Notes RevisedSectionSource (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.