Sec. 403. Terms of Commissioners
222 words·~1 min read·
/bill/113/hr/5769/ih/section-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 301(b) of title 46, United States Code, is amended— by amending paragraph
(2)to read as follows: The term of each Commissioner is 5 years. When the term of a Commissioner ends, the Commissioner may continue to serve until a successor is appointed and qualified, but for a period not to exceed one year. Except as provided in paragraph (3), no individual may serve more than 2 terms. ; and by redesignating paragraph
(3)as paragraph (5), and inserting after paragraph
(2)the following: A vacancy shall be filled in the same manner as the original appointment. An individual appointed to fill a vacancy is appointed only for the unexpired term of the individual being succeeded. An individual appointed to fill a vacancy may serve 2 terms in addition to the remainder of the term for which the predecessor of that individual was appointed. A Commissioner may not have a pecuniary interest in, hold an official relation to, or own stocks or bonds of any entity the Commission regulates under chapter 401 of this title. A Commissioner may not engage in another business, vocation, or employment. . The amendment made by subsection (a)(1) does not apply with respect to a Commissioner of the Federal Maritime Commission appointed and confirmed by the Senate before the date of the enactment of this Act.