§40304 Commission Action

Summary

When an agreement is filed with the Federal Maritime Commission, the Commission must publish a notice in the Federal Register within 7 days and ask interested people to send relevant information and documents. The Commission does a quick review. If the agreement does not meet the rules in sections 40302 and 40303, the Commission must reject it and tell the filer in writing why. If not rejected, and unless it is an assessment agreement, the agreement becomes effective on the later of the 45th day after filing or the 30th day after the notice is published. If the Commission asks for more information before that time, the agreement becomes effective on the 45th day after the Commission gets all requested materials, or, if the filer does not fully comply, on the 45th day after the Commission gets what was submitted plus a written explanation of noncompliance. The filer may ask to shorten the waiting period but not to earlier than 14 days after the Federal Register notice. Only the U.S. District Court for the District of Columbia can extend the period described above in a civil case the Commission brings under section 41307(c). The Commission cannot make an agreement effective only for a fixed term.