§6759 — Title 15 Commerce and Trade | U.S. Code

Summary

President can remove the Association’s whole Board for the remainder of their terms if it acts against the public interest, the purposes of this part, or fails its duties. New members must be appointed under section 6754 with Senate approval under Senate Resolution 116 (112th Congress). Individual members may be removed only for neglect or wrongdoing. After notice, the President or a designee may suspend rules or stop actions that conflict with those purposes.

Title 15, §6759

Commerce and Trade — Source: USLM XML via OLRC

(a)If the President determines that the Association is acting in a manner contrary to the interests of the public or the purposes of this subchapter or has failed to perform its duties under this subchapter, the President may remove the entire existing Board for the remainder of the term to which the Board members were appointed and appoint, in accordance with section 6754 of this title and with the advice and consent of the Senate, in accordance with the procedures established under Senate Resolution 116 of the 112th Congress, new Board members to fill the vacancies on the Board for the remainder of the terms.

(b)The President may remove a Board member only for neglect of duty or malfeasance in office.

(c)Following notice to the Board, the President, or a person designated by the President for such purpose, may suspend the effectiveness of any bylaw or standard, or prohibit any action, of the Association that the President or the designee determines is contrary to the purposes of this subchapter.

Notes & Related Subsidiaries

Editorial Notes

References in Text

Senate Resolution 116 of the 112th Congress, referred to in subsec. (a), which was agreed to June 29, 2011, provided for expedited Senate consideration of certain nominations subject to advice and consent.

Prior Provisions

Provisions similar to this section were contained in section 6762(b)(2)(C) of this title, prior to the general amendment of this subchapter by Pub. L. 114–1. A prior section 6759, Pub. L. 106–102, title III, § 329, Nov. 12, 1999, 113 Stat. 1430, related to assessments, prior to the general amendment of this subchapter by Pub. L. 114–1. See section 6756(1) of this title.

§6759 Presidential oversight