36 U.S.C. § 220507 — Restrictions

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 261 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Olympic and Paralympic Committee cannot run for profit, sell stock, or support political candidates. It must adopt policies stopping staff from helping members accused of sexual misconduct get new jobs. It must also hold back bonus or severance pay from anyone under an ethics investigation until that person is cleared.

(a) The corporation cannot operate as a for-profit business and cannot issue stock. (b) The corporation must stay nonpolitical. It cannot support any candidate running for public office. (c) The corporation must create one or more policies that stop its employees, contractors, or agents from helping a current or former member find a new job — except for routine paperwork like transferring personnel files — if that helper knows the member broke the Center's rules on sexual misconduct or was convicted of a sex crime against a minor. (d) The corporation must set a policy about pay tied to ethics investigations: (1) It cannot pay out bonus or severance money to anyone named in an ethics investigation until that investigation clears them. (2) If the ethics committee decides someone did violate the corporation's policies: (A) that person loses the right to any withheld bonus or severance pay, and the compensation committee may reduce or cancel it; and (B) if that person is also under criminal investigation, the ethics committee must investigate them.

the actual law source: uscode.house.gov ↗public domain

(a)Profit and Stock.—

The corporation may not engage in business for profit or issue stock.

(b)Political Activities.—

The corporation shall be nonpolitical and may not promote the candidacy of an individual seeking public office.

(c)Policy With Respect to Assisting Members or Former Members in Obtaining Jobs.—

The corporation shall develop 1 or more policies that prohibit any individual who is an employee, contractor, or agent of the corporation from assisting a member or former member in obtaining a new job (except the routine transmission of administrative and personnel files) if the individual knows that such member or former member violated the policies or procedures of the Center related to sexual misconduct or was convicted of a crime involving sexual misconduct with a minor in violation of applicable law.

(d)Policy Regarding Terms and Conditions of Employment.—

The corporation shall establish a policy—

(1)

not to disperse bonus or severance pay to any individual named as a subject of an ethics investigation by the ethics committee of the corporation, until such individual is cleared of wrongdoing by such investigation; and

(2)

that provides that—

(A)

if the ethics committee determines that an individual has violated the policies of the corporation—

(i)

the individual is no longer entitled to bonus or severance pay previously withheld; and

(ii)

the compensation committee of the corporation may reduce or cancel the withheld bonus or severance pay; and

(B)

in the case of an individual who is the subject of a criminal investigation, the ethics committee shall investigate the individual.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1470; Pub. L. 116–189, § 6(d)(1), (2)(A), Oct. 30, 2020, 134 Stat. 949.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1470
2020Amended · Pub. L. 116-189 · 134 Stat. 949

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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