15 U.S.C. § 4506: Termination

Summary

All parts of the chapter except section 4504 end 90 days after the Secretary says that every restitution amount covered by section 4501(a) has been collected and paid out, and after the Secretary sends the final report required by section 4505 to Congress. That final report must say and explain that the money has been collected and must be published in the Federal Register. The rule in section 4502(d) about how restitution money may be used stays in effect as long as any of those funds are still available.

Title 15, §4506

Commerce and Trade, Source: USLM XML via OLRC

(a)In general

(1)Except as provided in subsection (b), the provisions of this chapter (other than section 4504 of this title) shall terminate 90 days after the Secretary—

(A)determines that all of the restitutionary amounts to which section 4501(a) of this title applies have been collected and disbursed as provided in this chapter; and

(B)submits to Congress the final report required by section 4505 of this title.

(2)Such final report shall include the determination (and the justification thereof) described in paragraph (1)(A). Such report shall also be published in the Federal Register.

(b)Exception

The requirements of section 4502(d) of this title shall continue to be applicable to the use of restitutionary amounts received under this chapter as long as such funds remain available.

Editorial Notes

References in Text

section 4502(d) of this title, referred to in subsec. (b), was repealed by section 4502(e) of this title.

§4506 Termination

Summary

Title 15, §4506

Notes & Related Subsidiaries

Editorial Notes

References in Text

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