46 USC § 40903 - Suspension or revocation of license

---
identifier: "/us/usc/t46/s40903"
source: "usc"
legal_status: "official_legal_evidence"
title: "46 USC § 40903 - Suspension or revocation of license"
title_number: 46
title_name: "SHIPPING"
section_number: "40903"
section_name: "Suspension or revocation of license"
chapter_number: 409
chapter_name: "OCEAN TRANSPORTATION INTERMEDIARIES"
part_number: "A"
part_name: "Ocean Shipping"
positive_law: true
currency: "119-84"
last_updated: "2026-03-26"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 109–304, § 7, Oct. 6, 2006, 120 Stat. 1539.)"
---


# § 40903. Suspension or revocation of license

**(a)** **Failure To Maintain Qualifications or To Comply.—** 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)** is not qualified to provide intermediary services; or

**(2)** willfully failed to comply with a provision of this part or with an order or regulation of the Commission.

**(b)** **Failure To Maintain Bond, Proof of Insurance, or Other Surety.—** 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.

---

**Source Credit**: (Pub. L. 109–304, § 7, Oct. 6, 2006, 120 Stat. 1539.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 40903 | 46 App.:1718(c). | Pub. L. 98–237, § 19(c), Mar. 20, 1984, 98 Stat. 88; Pub. L. 105–258, title I, § 116, Oct. 14, 1998, 112 Stat. 1912. |

In subsection (a)(2), the words “lawful” and “rule” are omitted as unnecessary.