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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 46 U.S.C. § 40903 Suspension or revocation of license us united_states_code code_section 46 SHIPPING 409 OCEAN TRANSPORTATION INTERMEDIARIES 40903 46 U.S.C. § 40903 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc46@119-100.zip /us/usc/t46/s40903 data/legal/raw/us/code/title-46/usc46.xml 482bcb03fe9cc33f1b7bd56cb61bfead6e9fda830f32ed880d6246790f8ea7e4 eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f 18c045a391f5cec47f5a5fc811b5d9267c882f9a6a3b279028f4f365ad137433 2026-07-04 official
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46 U.S.C. § 40903 - Suspension or revocation of license

Text

(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 intermediarys 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 intermediarys license for failure to maintain a bond, proof of insurance, or other surety as required by section 40902(a) of this title.

(Pub. L. 109304, § 7, Oct. 6, 2006, 120 Stat. 1539.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 4090346 App.:1718(c).Pub. L. 98237, § 19(c), Mar. 20, 1984, 98 Stat. 88; Pub. L. 105258, title I, § 116, Oct. 14, 1998, 112 Stat. 1912. In subsection (a)(2), the words “lawful” and “rule” are omitted as unnecessary.