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46 U.S.C. § 51320 — Acceptance of guarantees with gifts for
Federal law — U.S. Code and appendices · legal_authorities
Page 370
TITLE 46—SHIPPING
§ 51320
law provides for confidential attorney-client
communications.
(d) VOLUNTEER SEXUAL ASSAULT VICTIM ADVO-
CATES.—
(1)
IN
GENERAL.—The
Secretary,
acting
through the Superintendent of the Academy,
shall designate from among volunteers 1 or
more permanent employees of the Academy to
serve as advocates for victims of sexual as-
saults involving cadets of the Academy or
other Academy personnel.
(2) TRAINING; OTHER
DUTIES.—Each victim
advocate designated under this subsection
shall—
(A) have or receive training in matters re-
lating to sexual assault and the comprehen-
sive policy developed under section 51318;
and
(B) serve as a victim advocate voluntarily,
in addition to the individual’s other duties
as an employee of the Academy.
(3) PRIMARY DUTIES.—While performing the
duties of a victim advocate under this sub-
section, a designated employee shall—
(A) support victims of sexual assault by in-
forming them of the rights and resources
available to them as victims;
(B) identify additional resources to ensure
the safety of victims of sexual assault; and
(C) connect victims of sexual assault to
companions, as described in paragraph (4).
(4) COMPANIONS.—
(A) IN GENERAL.—At least 1 victim advo-
cate designated under this subsection, or a
sexual assault response coordinator des-
ignated under subsection (a), while per-
forming the duties of a victim advocate,
shall act as a companion to a victim de-
scribed in paragraph (1) in navigating inves-
tigative, medical, mental, and emotional
health, and recovery processes relating to
sexual assault.
(B) ALTERNATE
VICTIM
ADVOCATES.—If re-
quested by the victim, an alternate victim
advocate shall be designated under this sub-
section to act as a companion to the victim,
as des
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Page 370
TITLE 46—SHIPPING
§ 51320
law provides for confidential attorney-client
communications.
(d) VOLUNTEER SEXUAL ASSAULT VICTIM ADVO-
CATES.—
(1)
IN
GENERAL.—The
Secretary,
acting
through the Superintendent of the Academy,
shall designate from among volunteers 1 or
more permanent employees of the Academy to
serve as advocates for victims of sexual as-
saults involving cadets of the Academy or
other Academy personnel.
(2) TRAINING; OTHER
DUTIES.—Each victim
advocate designated under this subsection
shall—
(A) have or receive training in matters re-
lating to sexual assault and the comprehen-
sive policy developed under section 51318;
and
(B) serve as a victim advocate voluntarily,
in addition to the individual’s other duties
as an employee of the Academy.
(3) PRIMARY DUTIES.—While performing the
duties of a victim advocate under this sub-
section, a designated employee shall—
(A) support victims of sexual assault by in-
forming them of the rights and resources
available to them as victims;
(B) identify additional resources to ensure
the safety of victims of sexual assault; and
(C) connect victims of sexual assault to
companions, as described in paragraph (4).
(4) COMPANIONS.—
(A) IN GENERAL.—At least 1 victim advo-
cate designated under this subsection, or a
sexual assault response coordinator des-
ignated under subsection (a), while per-
forming the duties of a victim advocate,
shall act as a companion to a victim de-
scribed in paragraph (1) in navigating inves-
tigative, medical, mental, and emotional
health, and recovery processes relating to
sexual assault.
(B) ALTERNATE
VICTIM
ADVOCATES.—If re-
quested by the victim, an alternate victim
advocate shall be designated under this sub-
section to act as a companion to the victim,
as described in subparagraph (A).
(5) FORMAL RELATIONSHIPS WITH OTHER ENTI-
TIES.—The Secretary may enter into formal
relationships with other entities to make
available additional victim advocates or to
implement paragraphs (3) and (4).
(e) UNFILLED VACANCIES.—The Administrator
of the Maritime Administration may appoint
qualified candidates to positions under sub-
sections (a) and (d) of this section without re-
gard to sections 3309 through 3319 of title 5.
(Added Pub. L. 114–328, div. C, title XXXV,
§ 3511(a), Dec. 23, 2016, 130 Stat. 2785; amended
Pub. L. 115–91, div. C, title XXXV, § 3515(a), (b)
(formerly § 3515(c)), Dec. 12, 2017, 131 Stat. 1924,
1927, § 3515(b) renumbered § 3515(c), Pub. L.
117–263, div. C, title XXXV, § 3513(c)(2), Dec. 22,
2022, 136 Stat. 3068; Pub. L. 117–263, div. C, title
XXXV, § 3531(e), Dec. 23, 2022, 136 Stat. 3088.)
Editorial Notes
REFERENCES IN TEXT
The date of the enactment of the National Defense
Authorization Act for Fiscal Year 2018 and enactment
of the National Defense Authorization Act for Fiscal
Year 2018, referred to in subsec. (a)(4)(A), (C)(i), are the
date of enactment of Pub. L. 115–91, which was approved
Dec. 12, 2017.
AMENDMENTS
2022—Subsecs. (c), (d). Pub. L. 117–263, § 3531(e)(1), (2),
added subsec. (c) and redesignated former subsec. (c) as
(d).
Subsec. (e). Pub. L. 117–263, § 3531(e)(3), added subsec.
(e).
2017—Subsecs. (a) to (c). Pub. L. 115–91, § 3515(a), added
subsecs. (a) and (b), redesignated former subsec. (b) as
(c), and struck out former subsec. (a) which read as fol-
lows: ‘‘SEXUAL ASSAULT RESPONSE COORDINATORS.—The
United States Merchant Marine Academy shall employ
or contract with at least 1 full-time sexual assault re-
sponse coordinator who shall reside at or near the
Academy. The Secretary of Transportation may assign
additional full-time or part-time sexual assault re-
sponse coordinators at the Academy as necessary.’’
Subsec. (c)(5), (6). Pub. L. 115–91, § 3515(b), formerly
§ 3515(c), as renumbered by Pub. L. 117–263, § 3513(c)(2),
redesignated par. (6) as (5), substituted ‘‘paragraphs (3)
and (4)’’ for ‘‘paragraphs (3), (4), and (5)’’, and struck
out former par. (5) which read as follows: ‘‘HOTLINE.—
The Secretary shall establish a 24-hour hotline through
which the victim of a sexual assault described in para-
graph (1) can receive victim support services.’’
§ 51320. Acceptance of guarantees with gifts for
major projects
(a) DEFINITIONS.—In this section:
(1)
MAJOR
PROJECT.—The
term
‘‘major
project’’ means a project estimated to cost at
least $1,000,000 for—
(A) the purchase or other procurement of
real or personal property; or
(B) the construction, renovation, or repair
of real or personal property.
(2)
MAJOR
UNITED
STATES
COMMERCIAL
BANK.—The term ‘‘major United States com-
mercial bank’’ means a commercial bank
that—
(A) is an insured bank (as defined in sec-
tion 3(h) of the Federal Deposit Insurance
Act (12 U.S.C. 1813(h)));
(B) is headquartered in the United States;
and
(C) has total net assets of an amount con-
sidered by the Maritime Administrator to
qualify the bank as a major bank.
(3) MAJOR UNITED STATES INVESTMENT MAN-
AGEMENT
FIRM.—The term ‘‘major United
States investment management firm’’ means—
(A) any broker or dealer (as such terms are
defined in section 3 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78c));
(B) any investment adviser or provider of
investment supervisory services (as such
terms are defined in section 202 of the In-
vestment Advisers Act of 1940 (15 U.S.C.
80b–2)); or
(C) a major United States commercial
bank that—
(i) is headquartered in the United States;
and
(ii) holds for the account of others in-
vestment assets in a total amount consid-
ered by the Maritime Administrator to
qualify the bank as a major investment
management firm.
(4) QUALIFIED GUARANTEE.—The term ‘‘quali-
fied guarantee’’, with respect to a major
project, means a guarantee that—
Page 371
TITLE 46—SHIPPING
§ 51322
(A) is made by 1 or more persons in con-
nection with a donation for the project of a
total amount in cash or securities that the
Maritime Administrator determines is suffi-
cient to defray a substantial portion of the
total cost of the project;
(B) is made to facilitate or expedite the
completion of the project in reasonable an-
ticipation that other donors will contribute
sufficient
funds
or
other
resources
in
amounts sufficient to pay for completion of
the project;
(C) is set forth as a written agreement pro-
viding that the donor will furnish in cash or
securities, in addition to the donor’s other
gift or gifts for the project, any additional
amount that may become necessary for pay-
ing the cost of completing the project by
reason of a failure to obtain from other do-
nors or sources funds or other resources in
amounts sufficient to pay the cost of com-
pleting the project; and
(D) is accompanied by—
(i) an irrevocable and unconditional
standby letter of credit for the benefit of
the United States Merchant Marine Acad-
emy that is in the amount of the guar-
antee and is issued by a major United
States commercial bank; or
(ii) a qualified account control agree-
ment.
(5)
QUALIFIED
ACCOUNT
CONTROL
AGREE-
MENT.—The term ‘‘qualified account control
agreement’’, with respect to a guarantee of a
donor, means an agreement among the donor,
the Maritime Administrator, and a major
United States investment management firm
that—
(A) ensures the availability of sufficient
funds or other financial resources to pay the
amount guaranteed during the period of the
guarantee;
(B) provides for the perfection of a secu-
rity interest in the assets of the account for
the United States for the benefit of the
United States Merchant Marine Academy
with the highest priority available for liens
and security interests under applicable law;
(C) requires the donor to maintain in an
account with the investment management
firm assets having a total value that is not
less than 130 percent of the amount guaran-
teed; and
(D) requires the investment management
firm, whenever the value of the account is
less than the value required to be main-
tained under subparagraph (C), to liquidate
any noncash assets in the account and rein-
vest the proceeds in Treasury bills issued
under section 3104 of title 31.
(b) ACCEPTANCE AUTHORITY.—Subject to sub-
section (d), the Maritime Administrator may ac-
cept a qualified guarantee from a donor or do-
nors for the completion of a major project for
the benefit of the United States Merchant Ma-
rine Academy.
(c) OBLIGATION AUTHORITY.—The amount of a
qualified guarantee accepted under this section
shall be considered as contract authority to pro-
vide obligation authority for purposes of Federal
fiscal and contractual requirements. Funds
available for a project for which such a guar-
antee has been accepted may be obligated and
expended for the project without regard to
whether the total amount of funds and other re-
sources available for the project (not taking
into account the amount of the guarantee) is
sufficient to pay for completion of the project.
(d) NOTICE.—The Maritime Administrator may
not accept a qualified guarantee under this sec-
tion for the completion of a major project until
30 days after the date on which a report of the
facts concerning the proposed guarantee is sub-
mitted to Congress.
(e) PROHIBITION ON COMMINGLING FUNDS.—The
Maritime Administrator may not enter into any
contract or other transaction involving the use
of a qualified guarantee and appropriated funds
in the same contract or transaction.
(Added Pub. L. 115–91, div. C, title XXXV,
§ 3510(a), Dec. 12, 2017, 131 Stat. 1916.)
§ 51321. Grants for scientific and educational re-
search
(a) DEFINED TERM.—In this section, the term
‘‘qualifying research grant’’ is a grant that—
(1) is awarded on a competitive basis by the
Federal Government (except for the Depart-
ment of Transportation), a State, a corpora-
tion, a fund, a foundation, an educational in-
stitution, or a similar entity that is organized
and operated primarily for scientific or edu-
cational purposes; and
(2) is to be used to carry out a research
project with a scientific or educational pur-
pose.
(b) ACCEPTANCE
OF
QUALIFYING
RESEARCH
GRANTS.—The United States Merchant Marine
Academy may compete for and accept qualifying
research grants if the work under the grant is to
be carried out by a professor or instructor of the
United States Merchant Marine Academy.
(c) ADMINISTRATION OF GRANT FUNDS.—
(1) ESTABLISHMENT OF ACCOUNT.—The Mari-
time Administrator shall establish a separate
account for administering funds received from
research grants under this section.
(2)
USE
OF
GRANT
FUNDS.—The
Super-
intendent shall use grant funds deposited into
the account established pursuant to paragraph
(1) in accordance with applicable regulations
and the terms and conditions of the respective
grants.
(d) RELATED EXPENSES.—Subject to such limi-
tations as may be provided in appropriations
Acts, appropriations available for the United
States Merchant Marine Academy may be used
to pay expenses incurred by the Academy in ap-
plying for, and otherwise pursuing, a qualifying
research grant.
(Added Pub. L. 115–91, div. C, title XXXV,
§ 3512(a), Dec. 12, 2017, 131 Stat. 1918.)
§ 51322. Protection of cadets from sexual assault
onboard vessels
(a) SAFETY CRITERIA.—The Maritime Adminis-
trator, after consulting with the Commandant
of the Coast Guard, shall establish—
(1) criteria, to which an owner or operator of
a vessel engaged in commercial service shall
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
**(a) Definitions of bank and related terms**
(1) **Bank** — The term “bank”—
(A) means any national bank and State bank, and any Federal branch and insured branch;
(B) includes any former savings association.
(2) **State bank** — The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which—
(A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section); and
(B) is incorporated under the laws of any State or which is operating under the Code of Law for the District of Columbia,
including any cooperative bank or other unincorporated bank the deposits of which were insured by the Corporation on the day before August 9, 1989.
(3) **State** — The term “State” means any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.
**(b) Definition of savings associations and related terms**
(1) **Savings association** — The term “savings association” means—
(A) any Federal savings association;
(B) any State savings association; and
(C) any corporation (other than a bank) that the Board of Directors and the Comptroller of the Currency jointly determine to be operating in substantially the same manner as a savings association.
(2) **Federal savings association** — The term “Federal savings association” means any Federal savings association or Federal savings bank which is chartered under [section 1464 of t
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Federal law — U.S. Code and appendices · legal_authorities
Page 966
TITLE 12—BANKS AND BANKING
§ 1813
(B) any other right or remedy against the
Corporation,
against
the
United
States
under applicable law, or against any person
other than a person described in paragraph
(1) participating in such transactions.
This subsection shall not be construed to limit
or alter in any way the immunities that are
available under applicable law for Federal offi-
cials and employees not described in this sub-
section.
(Sept. 21, 1950, ch. 967, § 2[2], 64 Stat. 873; Pub. L.
86–230, § 19, Sept. 8, 1959, 73 Stat. 460; Pub. L.
98–181, title I [title VII, § 702(a)], Nov. 30, 1983, 97
Stat. 1267; Pub. L. 101–73, title II, § 203(a), Aug. 9,
1989, 103 Stat. 188; Pub. L. 102–18, title I, § 103(b),
Mar. 23, 1991, 105 Stat. 60; Pub. L. 104–208, div. A,
title II, § 2243, Sept. 30, 1996, 110 Stat. 3009–419;
Pub. L. 111–203, title III, § 336(a), July 21, 2010, 124
Stat. 1540.)
Editorial Notes
REFERENCES IN TEXT
The Securities Act of 1933, referred to in subsec. (f)(1),
is act May 27, 1933, ch. 38, title I, 48 Stat. 74, which is
classified generally to subchapter I (§ 77a et seq.) of
chapter 2A of Title 15, Commerce and Trade. For com-
plete classification of this Act to the Code, see section
77a of Title 15 and Tables.
PRIOR PROVISIONS
Section is derived from subsec. (b) of former section
264 of this title. See Codification note set out under
section 1811 of this title.
AMENDMENTS
2010—Subsec. (a)(1)(B). Pub. L. 111–203, § 336(a)(1), sub-
stituted ‘‘Director of the Consumer Financial Protec-
tion Bureau’’ for ‘‘Director of the Office of Thrift Su-
pervision’’.
Subsec. (d)(2). Pub. L. 111–203, § 336(a)(2), amended par.
(2) generally. Prior to amendment, text read as follows:
‘‘In the event of a vacancy in the office of the Co
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** When used in this chapter, unless the context otherwise requires—
(1) The term “exchange” means any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term is generally understood, and includes the market place and the market facilities maintained by such exchange.
(2) The term “facility” when used with respect to an exchange includes its premises, tangible or intangible property whether on the premises or not, any right to the use of such premises or property or any service thereof for the purpose of effecting or reporting a transaction on an exchange (including, among other things, any system of communication to or from the exchange, by ticker or otherwise, maintained by or with the consent of the exchange), and any right of the exchange to the use of any property or service.
(3)
(A) The term “member” when used with respect to a national securities exchange means (i) any natural person permitted to effect transactions on the floor of the exchange without the services of another person acting as broker, (ii) any registered broker or dealer with which such a natural person is associated, (iii) any registered broker or dealer permitted to designate as a representative such a natural person, and (iv) any other registered broker or dealer which agrees to be regulated by such exchange and with respect to which the exchange undertakes to enforce compliance with the provisions of this chapter, the rules and regulations thereunder, and its own rules. For purposes of section
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Federal law — U.S. Code and appendices · legal_authorities
Page 207
TITLE 15—COMMERCE AND TRADE
§ 78c
submit to Congress an interim report twelve months
after Oct. 26, 1974, and not later than one and one-half
years after Oct. 26, 1974, a full and complete report of
the findings made under the study authorized, together
with such recommendations as they considered appro-
priate.
Executive Documents
EX. ORD. NO. 12631. WORKING GROUP ON FINANCIAL
MARKETS
Ex. Ord. No. 12631, Mar. 18, 1988, 53 F.R. 9421, provided:
By virtue of the authority vested in me as President
by the Constitution and laws of the United States of
America, and in order to establish a Working Group on
Financial Markets, it is hereby ordered as follows:
SECTION 1. Establishment. (a) There is hereby estab-
lished a Working Group on Financial Markets (Working
Group). The Working Group shall be composed of:
(1) the Secretary of the Treasury, or his designee;
(2) the Chairman of the Board of Governors of the
Federal Reserve System, or his designee;
(3) the Chairman of the Securities and Exchange
Commission, or his designee; and
(4) the Chairman of the Commodity Futures Trading
Commission, or her designee.
(b) The Secretary of the Treasury, or his designee,
shall be the Chairman of the Working Group.
SEC. 2. Purposes and Functions. (a) Recognizing the
goals of enhancing the integrity, efficiency, orderli-
ness, and competitiveness of our Nation’s financial
markets and maintaining investor confidence, the
Working Group shall identify and consider:
(1) the major issues raised by the numerous studies
on the events in the financial markets surrounding Oc-
tober 19, 1987, and any of those recommendations that
have the potential to achieve the goals noted above;
and
(2) the actions, including governmental actions under
existing laws and regu
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions.—** In this section:
(1) **Major project.—** — The term “major project” means a project estimated to cost at least $1,000,000 for—
(A) the purchase or other procurement of real or personal property; or
(B) the construction, renovation, or repair of real or personal property.
(2) **Major united states commercial bank.—** — The term “major United States commercial bank” means a commercial bank that—
(A) is an insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act ([12 U.S.C. 1813(h)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813/h&num=0&edition=prelim)));
(B) is headquartered in the United States; and
(C) has total net assets of an amount considered by the Maritime Administrator to qualify the bank as a major bank.
(3) **Major united states investment management firm.—** — The term “major United States investment management firm” means—
(A) any broker or dealer (as such terms are defined in section 3 of the Securities Exchange Act of 1934 ([15 U.S.C. 78c](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section78c&num=0&edition=prelim)));
(B) any investment adviser or provider of investment supervisory services (as such terms are defined in section 202 of the Investment Advisers Act of 1940 ([15 U.S.C. 80b–2](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section80b–2&num=0&edition=prelim))); or
(C) a major United States commercial bank that—
(i) is headquartered in the United States; and
(ii) holds for the account of others investment assets in a total amount considered by the Maritime Administrator to qualify the bank as a major investment management firm.
(4) **Qualified guarantee.—** — The term “qualified guarantee
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