StacksVerified U.S. regulatory reference

46 U.S.C. § 40903

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)The Federal Maritime Commission, after notice and opportunity for a hearing, shall suspend or revoke an ocean transportation intermediary’s license if the Commission finds that the ocean transportation intermediary—
    1. (1)is not qualified to provide intermediary services; or
    2. (2)willfully failed to comply with a provision of this part or with an order or regulation of the Commission.
  2. (b)The Commission may revoke an ocean transportation intermediary’s license for failure to maintain a bond, proof of insurance, or other surety as required by section 40902(a) of this title.