29 CFR § 453.26 - Powers of the Secretary of Labor to exempt.

---
identifier: "/us/cfr/t29/s453.26"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 453.26 - Powers of the Secretary of Labor to exempt."
title_number: 29
title_name: "Labor"
section_number: "453.26"
section_name: "Powers of the Secretary of Labor to exempt."
chapter_name: "OFFICE OF LABOR-MANAGEMENT STANDARDS, DEPARTMENT OF LABOR"
subchapter_number: "A"
subchapter_name: "LABOR-MANAGEMENT STANDARDS"
part_number: "453"
part_name: "GENERAL STATEMENT CONCERNING THE BONDING REQUIREMENTS OF THE LABOR-MANAGEMENT REPORTING AND DISCLOSURE ACT OF 1959"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 502, 73 Stat. 536; 79 Stat. 888 (29 U.S.C. 502); Secretary's Order No. 03-2012, 77 FR 69376, November 16, 2012."
regulatory_source: "28 FR 14394, Dec. 27, 1963, unless otherwise noted."
cfr_part: "453"
---


# 453.26 Powers of the Secretary of Labor to exempt.

Section 502(a) of the Act provides that when in the opinion of the Secretary of Labor a labor organization has made other bonding arrangements which would provide the protection required at comparable cost or less, he may exempt such labor organization from placing a bond through a surety company holding a grant of authority from the Secretary of the Treasury under the Act of July 30, 1947 (6 U.S.C. 6-13), as acceptable surety on Federal bonds.

[30 FR 14926, Dec. 2, 1965]