36 U.S.C. § 220552 — Dissolution of board of directors of cor-

Page 326 TITLE 36—PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS § 220551 maintained in accordance with generally ac- cepted accounting principles; (B) an assessment of the internal controls used by the Center that describes the scope of testing of the internal controls and the re- sults of such testing; and (C) a compliance assessment that includes an opinion or a disclaimer of opinion as to whether the Center has complied with the terms and conditions of subsection (b); and (2) ‘‘independent auditor’’ means an inde- pendent certified public accountant or inde- pendent licensed public accountant, certified or licensed by a regulatory authority of a State or a political subdivision of a State, who meets the standards specified in generally ac- cepted accounting principles. (Added Pub. L. 115–126, title II, § 202(a), Feb. 14, 2018, 132 Stat. 323; amended Pub. L. 116–189, § 8(c), Oct. 30, 2020, 134 Stat. 968.) Editorial Notes REFERENCES IN TEXT Section 501(c) of the Internal Revenue Code of 1986, referred to in subsec. (b)(3)(A)(ii), is classified to sec- tion 501(c) of Title 26, Internal Revenue Code. AMENDMENTS 2020—Subsecs. (b) to (d). Pub. L. 116–189 added sub- secs. (b) to (d) and struck out former subsec. (b). Prior to amendment, text of subsec. (b) read as follows: ‘‘The Center shall submit an annual report to Congress, in- cluding— ‘‘(1) an audit conducted and submitted in accord- ance with section 10101; and ‘‘(2) a description of the activities of the Center.’’ SUBCHAPTER V—DISSOLUTION OF BOARD OF DIRECTORS OF CORPORATION AND TERMINATION OF RECOGNITION OF NA- TIONAL GOVERNING BODIES AMENDMENTS 2020—Pub. L. 116–189, § 5(a)(2), Oct. 30, 2020, 134 Stat. 946, added subchapter heading. § 220551. Definitions In this subchapter, the term ‘‘joint resolu- tion’’ means a joint resolution— (1) which does not have a preamble; and (2) for which— (A)(i) the title is only as follows: ‘‘A joint resolution to dissolve the board of directors of the United States Olympic and Paralympic Committee’’; and (ii) the matter after the resolving clause— (I) is as follows: ‘‘That Congress finds that dissolving the board of directors of the United States Olympic and Paralympic Committee would not unduly interfere with the operations of chapter 2205 of title 36, United States Code’’; and (II) prescribes adequate procedures for forming a board of directors of the cor- poration as expeditiously as possible and in a manner that safeguards the member- ship and voting power of the representa- tives of amateur athletes at all times, con- sistent with the membership and voting power of amateur athletes under section 220504(b)(2); or (B)(i) the title is only as follows: ‘‘A joint resolution relating to terminating the rec- ognition of a national governing body’’; and (ii) the matter after the resolving clause is only as follows: ‘‘That Congress determines that lllllllll, which is recognized as a national governing body under section 220521 of title 36, United States Code, has failed to fulfill its duties, as described in sec- tion 220524 of title 36, United States Code’’, the blank space being filled in with the name of the applicable national governing body. (Added Pub. L. 116–189, § 5(a)(2), Oct. 30, 2020, 134 Stat. 946.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Pub. L. 116–189, § 5(c), Oct. 30, 2020, 134 Stat. 947, pro- vided that: ‘‘The amendments made by this section [en- acting this subchapter and redesignating subchapter III relating to United States Center for SafeSport as sub- chapter IV] shall take effect on the date that is 1 year after the date of the enactment of this Act [Oct. 30, 2020].’’ § 220552. Dissolution of board of directors of cor- poration and termination of recognition of national governing bodies (a) DISSOLUTION OF BOARD OF DIRECTORS OF CORPORATION.—Effective on the date of enact- ment of a joint resolution described in section 220551(2)(A) with respect to the board of direc- tors of the corporation, such board of directors shall be dissolved. (b) TERMINATION OF RECOGNITION OF NATIONAL GOVERNING BODY.—Effective on the date of en- actment of a joint resolution described in sec- tion 220551(2)(B) with respect to a national gov- erning body, the recognition of the applicable amateur sports organization as a national gov- erning body shall cease to have force or effect. (Added Pub. L. 116–189, § 5(a)(2), Oct. 30, 2020, 134 Stat. 947.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective on the date that is 1 year after Oct. 30, 2020, see section 5(c) of Pub. L. 116–189, set out as a note under section 220551 of this title. CHAPTER 2207—UNITED STATES SUBMARINE VETERANS OF WORLD WAR II Sec. 220701. Definition. 220702. Organization. 220703. Purposes. 220704. Membership. 220705. Governing body. 220706. Powers. 220707. Restrictions. 220708. Duty to maintain tax-exempt status. 220709. Records and inspection. 220710. Service of process. 220711. Liability for acts of officers and agents. 220712. Annual report.