Sec. 4. Limitations on board membership and other service
111 words·~1 min read·
/bill/117/hr/3825/ih/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An individual who is an officer, director, employee, including an agent, representative, or contractor, of a covered platform or who has control over the covered platform may not serve at the same time as an officer, director, employee, or other institution-affiliated party, including as an agent, representative, or contractor, of a formerly affiliated person. Any individual whose service violates subsection
(a)as of the date an online platform is designated as a covered platform under subsection 6(a), shall terminate such service as soon as is practicable and in no event, later than the end of the 60-day period beginning on the date the online platform is designated as a covered platform.