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15 U.S.C. § 6764 — Federal funding prohibited
Federal law — U.S. Code and appendices · legal_authorities
The Association may not receive, accept, or borrow any amounts from the Federal Government to pay for, or reimburse,11 So in original. The comma probably should not appear. the Association for, the costs of establishing or operating the Association.
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Source file: Laws/federal/codes/united-states-code/title-15/section-6764-federal-funding-prohibited--466cd55e99.md
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Source location: Title 15, Chapter 93, § 6764; chapter-093-insurance.md
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The Association may not receive, accept, or borrow any amounts from the Federal Government to pay for, or reimburse,11 So in original. The comma probably should not appear. the Association for, the costs of establishing or operating the Association.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Removal of Board** 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6754&num=0&edition=prelim) 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) Removal of Board member** The President may remove a Board member only for neglect of duty or malfeasance in office.
**(c) Suspension of bylaws and standards and prohibition of actions** 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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 6760
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Federal law — U.S. Code and appendices · legal_authorities
Page 2288
TITLE 15—COMMERCE AND TRADE
§ 6761
1 So in original. The comma probably should not appear.
Editorial Notes
PRIOR PROVISIONS
Provisions similar to this section were contained in
section 6763 of this title, prior to the general amend-
ment of this subchapter by Pub. L. 114–1.
A prior section 6760, Pub. L. 106–102, title III, § 330,
Nov. 12, 1999, 113 Stat. 1430, related to functions of the
NAIC, prior to the general amendment of this sub-
chapter by Pub. L. 114–1.
§ 6761. Coordination with Financial Industry
Regulatory Authority
The Association shall coordinate with the Fi-
nancial Industry Regulatory Authority in order
to ease any administrative burdens that fall on
members of the Association that are subject to
regulation by the Financial Industry Regulatory
Authority, consistent with the requirements of
this subchapter and the Federal securities laws.
(Pub. L. 106–102, title III, § 331, as added Pub. L.
114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 26.)
Editorial Notes
PRIOR PROVISIONS
Provisions similar to this section were contained in
section 6764(b) of this title, prior to the general amend-
ment of this subchapter by Pub. L. 114–1.
A prior section 6761, Pub. L. 106–102, title III, § 331,
Nov. 12, 1999, 113 Stat. 1430, related to liability of the
Association and the directors, officers, and employees
of the Association, prior to the general amendment of
this subchapter by Pub. L. 114–1. See section 6758 of this
title.
§ 6762. Right of action
(a) Right of action
Any person aggrieved by a decision or action
of the Association may, after reasonably ex-
hausting available avenues for resolution within
the Association, commence a civil action in an
appropriate United States district court, and ob-
tain all appropriate reli
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 6764
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