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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

This section addresses restrictions. It states the duties, permissions, conditions, and limits set out in the provisions below.

(a) Profit and Stock .— The corporation cannot engage in business for profit or issue stock. (b) Political Activities .— The corporation must be nonpolitical and cannot promote the candidacy of a person seeking public office. (c) Policy With Respect to Assisting Members or Former Members in Obtaining Jobs .— The corporation must develop one or more policies that prohibit any person 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 person 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 must establish a policy— (1) not to disperse bonus or severance pay to any person named as a subject of an ethics investigation by the ethics committee of the corporation, until such person is cleared of wrongdoing by such investigation; and (2) that provides that— (A) if the ethics committee determines that a person has violated the policies of the corporation— (i) the person is no longer entitled to bonus or severance pay previously withheld; and (ii) the compensation committee of the corporation can reduce or cancel the withheld bonus or severance pay; and (B) in the case of a person who is the subject of a criminal investigation, the ethics committee must investigate the person.

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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